The machine that changed the world
Today’s reading pick:
The machine that changed the world
The machine that changed the world by James P. Womack, Daniel T. Jones and Daniel Roos is a management classic. Not only taught in worldwide leading business schools, this book remains relevant since first published in 1990. It’s about the never ending cycle of disruption, innovation and change in markets and technologies. This book offers you great lessons of the lean revolution itself as well as the transformation trough digitization and advanced computing technology.
Key Take Aways of this Book
Coming from Toyotas lean manufacturing process - two main roots > mass and best of class production.
The price to quality ratio got Toyota on the top of the industry.
Lean production beats mass production across all process steps in car manufacturing.
In the west distribution of cars is still set up as it was during Henry Ford’s time (outdated).
The market you want to compete in is the market you have to produce.
Lean production faces the same obstacles in acceptance like mass production once did.
Lean production will develop to the mainstream format of industrial manufacturing of goods in the 21st century.
The big question after reading this book is if the western countries will be able to find their own way in lean manufacturing or if the Japanese will drive the market?
Enjoy reading and improving!
