Lean Thinking

In the expanded second edition of the landmark book Lean Thinking, the authors revisit the companies studied in the first edition to discover that the continuing application of lean thinking has permitted these firms to prosper.
In the first of two new chapters, the authors track the trend in inventory turns—the lean metric that cannot lie—across all industries, singling out one industry for special praise. Then they return to companies examined in the original book, reexamining the progress at Toyota, Wiremold, Porsche, Lantech, Pratt & Whitney, and Freudenberg-NOK. In this variety of companies and production environments, the authors find that lean thinking is more relevant than ever.
“We discover that as economies have gyrated, stock markets have crashed, and the poster companies of the 1990s hailed in other business books have flown a ballistic trajectory, our lean exemplars – led by Toyota – have defied the fate of most firms featured in successful business books,” observe the authors. “They have continued their methodical march from success to success and have done it the hard way by creating real and truly sustainable value for their customers, their employees, and their owners.”
In the second new chapter, the authors share what they themselves have learned about lean thinking and its successful application. For example, in updating the implementation Action Plan from the first edition, they add significant insights into the steps on value-stream mapping and spreading lean thinking to customers and suppliers. And they walk readers through “lean math,” a simple, new way to calculate whether moving from high-cost to low-cost regions really delivers the anticipated payoffs.
The Action Plan helps the reader develop and implement a lean conversion plan. It draws upon the experiences of the authors, as well as leading lean professionals. It breaks down the theory into real nuts-and-bolts language, because lean conversion is more than just techniques — it’s about changing mindsets to identify and eliminate waste.
New readers will discover that Lean Thinking is as relevant to solving their business problems today as it was when first published. A follow-up to the bestseller, The Machine That Changed the World, Lean Thinking revealed to executives and managers the benefits of lean manufacturing, so they can champion the lean transformation.