Cash is lying around everywhere in companies. It's in warehouses and on shelves, hiding in plain sight as inventory. It litters administrative offices, disguised as incorrect invoices, late billings, sloppy requests from salespeople. It sits in company lobbies waiting for sales calls to start. All that cash is retrievable - available for re-investment. Turn Waste into Wealth will help you get that cash by turning your organization into a Lean company.
Mark DeLuzio, principle architect of the vaunted Danaher Business System that has led companies to world-class performance, presents hard-hitting advice and numerous case histories that will help you make your company Lean. You'll learn: Why Lean is the modern way to run any organization; What you must do to insure a successful Lean transformation; Lean accounting practices that promote Lean behaviors; How to identify and deal with Lean naysayers; Why LEAN does not mean "Less Employees Are Needed"; What and why to benchmark; The Lean formula for setting prices; How to deploy strategy in a Lean environment.
Great companies continuously improve everything they do to increase shareholder returns. If you're new to lean or already using Lean practices, Turn Waste into Wealth will help you make your company great.
Mark DeLuzio is the CEO of Lean Horizons Consulting. Prior to founding Lean Horizons, he was Corporate Vice-President of the Danaher Corporation, where he was the principle architect of the vaunted Danaher Business System, the primary reason for that company’s decades-long, world-class performance. Mark is the pre-eminent thought leader in the Lean industry, noted for numerous Lean innovations. In 2007 he was inducted as a Life Member of the Shingo Prize Academy (the Lean Hall of Fame). He is a popular speaker sought by corporations, conferences, and noted higher-learning institutions.
Jeffrey J. Fox is the author of twelve books, including the bestsellers How to Become a Rainmaker and How to Become CEO. Founder of Fox and Company, he works with companies such as General Electric, IBM, and Ametek, among others. He is a graduate of Harvard Business School.
Table of Contents
Foreword by Jeffrey J. Fox
Part One: Lean Purpose 1. Mountains of Money 2. Lean 3. The Lean Journey 4. The Lean Transformation 5. Lean’s Good Numbers 6. The New Cost Reduction Frontier: Using Lean to Cut Administrative Waste 7. How to Enhance Your Culture with Lean 8. Change from Problem Hiding to Problem Solving 9. The 10%-80%-10% Population Rule 10. How to Identify a Naysayer 11. Ours Not to Reason Why, Ours But to Waste and Die.
Part Two: Lean Principles 12. The Eight Deadly Sins of Waste 13. The Leadership Rules of Lean 14. Lean Transformations Are Not Pain Free 15. LEAN Does Not Mean Less Employees Are Needed 16. Never Tie Headcount Reductions to Lean 17. Continuously Grow with Continuous Flow 18. Customer Will Not Pay for Non-Value Activity 19. Accounting for Lean 20. How Traditional Accounting Promotes Accounting Waste and Costly Behaviors 21. Don’t Employ Purchase Price Variance 22. New Lean Rules for Capital Expenditures 23. You Can Teach an Old Dog New Tricks 24. What and Why to Benchmark
Part Three: Lean Process 25. The Five Whys: Too Much Pigeon Poop 26. Standard Work is the Gold Standard 27. TAKT Time is Money Time 28. She Walked from San Diego to Saint Louis in One Year and Never Left the Factory Floor 29. The Blue Parts Cart: Or, Minutes Mean Big Money 30. Don’t Blame Manufacturing: Three Days Process Time, Eighteen Weeks Lead Time 31. A Hospital Without Waste 32. Don’t Cherry-Pick Lean Tools 33. Kaizen 34. Kaizen Event Rules 35. Lean Trumps Six Sigma 36. The Problems with Kanban
Part Four: Lean Profits 37. The Lean Profit Formula 38. Lean Distribution 39. The Wallet 40. The High Cost of Carrying Inventory 41. Cross-Functional or Dysfunctional: There is No Choice 42. Waste Mapping: Where to Deploy Value Streams 43. Strategy Deployment 44. Using Strategy Deployment to Save the Shad (a Metaphor) 45. The Difference Between Strategy Deployment and Policy Deployment . . . And Why It Matters! 46. The Dees and Rees
Appendix A. The Lean Horizons Lean Sustainability System (LSS) Appendix B. The Lean Horizons Wealth Creation Process Appendix C. Lean Horizons Benchmarking Index About the Author