Toyota Way Principle #3: “Pull” Systems TAGS: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (This is the fourth post looking at the 14 lean principles of The Toyota Way.) The third lean principle of The Toyota Way is a follow-up to the second lean …Continue reading →

Example of Investment and Return with Lean

Lean and the Profit Equation TAGS: | | | | | | | | | | | | | | | | | | | | | | To examine the impact lean implementation can have on a business, let’s look at the high-level super-simplified equation for profit. PROFIT = REVENUES – EXPENSES Components of the revenue term …Continue reading →

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