READ AND LEARN
How to Fix a Factory
Reading Pick of the day! How to fix a factory - by Rob Tracy.
Today’s reading pick:
How to fix a factory
All factories have problems, writes manufacturing executive Rob Tracy. Sooner or later, your plant will fall behind in on-time delivery, your workforce will lose morale and the production calendar will fill up with emergency “hot list” scheduling. Tracy points out that getting a factory back in shape may be hard, but it’s not complicated. He explains step-by-step how to identify weaknesses, set attainable goals, get the cooperation of the whole organization and make improvements that last.
Key Take Aways of this Book
Tracy puts the repair of a factory in 5 Steps
Lay the groundwork.
Identify the factors undermining performance.
Adjust stakeholders’ expectations.
Make sure the factory’s 10 central processes function well.
Put the change plan into action.
If you are struggling with your factory read this book and get some guidance.
Enjoy reading and improving!
Monetizing Innovation
Reading Pick of the day! Monetizing Innovation - by Georg Tacke and Madhavan Ramanujam.
Today’s reading pick:
Monetizing Innovation
Consultants Georg Tacke and Madhavan Ramanujam offer a zero -nonsense path for successful product design. Most companies go directly from scratch towards product design. They usually don’t know whether customers want and will pay for the product until launch is done. The authors describe “nine rules” for products and services designed to meet client demands and “willingness-to-pay.”
Key Take Aways of this Book
Don’t start designing a new product or service until after you learn what your customers want, what they are willing to pay for and how much they’ll pay.
Designing blindly often results in lost opportunities and unwanted products.
Investigate your customers’ “Willingness-to-Pay” (WTP).
Segment customers. Bundle features and tools to appeal to their varying needs and WTP.
Carefully determine your “monetization strategy,” whether “subscription, dynamic, freemium” or another option.
Let your goals determine your pricing strategy. For example, will you target early adopters, prioritize maximizing profits or focus on increasing your market share?
Packing more feature into your core product may seem easy, but resist giving things away for free that a segment of your customers will pay extra to have.
Develop a business case that feels dynamic from the customer’s perspective.
Communicate customer benefits concisely and compellingly.
Avoid lowering your price at the first sign of trouble.
Enjoy reading and improving!
Objectives and Key Results
Reading Pick of the day! Objectives and Key Results - Driving Focus, Alignment, and Engagement with OKRs - by Paul R. Niven and Ben Lamorte.
Today’s reading pick:
Objectives and Key Results
This thorough guide will help you decide whether to use objectives and key results (OKRs), and will teach you to do so effectively. OKR master Paul Niven and Ben Lamorte provide details, definitions and examples, as well as the types of objectives, the right number of key results, how to score and grade your progress, when to meet and how often, and even what features to seek in OKR software. More than 200 pages about OKR may seem like a stretch – and there is a bit of extraneous material – but those who must lead an OKR initiative, especially novices, will value this substantive guidance.
Key Take Aways of this Book
Objectives and key results (OKRs) have spread throughout all parts of industries.
Objectives describe what you want to do. Key results tell you whether you did it.
OKRs give employees a common language, knowledge of what’s important in the organization and shared purpose.
Before starting with OKRs, know exactly why you want to use them.
Every OKR initiative requires a committed, determined executive sponsor, and alignment up, down and across the company.
Develop and deliver an OKR academy.
Create OKRs, starting with objectives. Objectives deliver incremental business value; they inspire collaboration and greater effort.
Create two to five measurable key results for each objective.
Track progress against your OKRs.
License an OKR software to help manage the process.
OKR goes on indefinitely and becomes a part of your culture.
Enjoy reading and improving!
Six Sigma and Lean
Reading Pick of the day! Implementing Six Sigma and Lean - by Ron Basu.
Today’s reading pick:
Implementing Six Sigma and Lean
Experienced manager and lecturer Ron Basu lists tools and techniques you can implement to make the best use of Six Sigma and Lean Manufacturing, two main quality-control programs. He covers the basics for the phases of quality control and defines ongoing measurements you can use to have sustainable improvements. Basu provides a good catalog of tactics, including definitions, instructions, training requirements and precautions. He also cites case studies and a useful history of quality programs. Basu emphasizes his own “Fit Sigma” technique, more as a supercharger for Six Sigma than as a replacement. As helpful as the book is, its list-oriented structure and poor editing create stumbling blocks. You may need to reread some passages to figure out the meaning (not that this is a book you would speed read anyway).
Enjoy reading and improving!
Toyota KATA
Reading Pick of the day! TOYOTA KATA - by Mike Rother.
Today’s reading pick:
Toyota KATA
Engineer and continuous improvement expert Mike Rother explains that “improvement kata” and “coaching kata” form the invisible bonds that make Toyota successful.
He explains essential improvement concepts like “PDCA” and “mentor-mentee dialogue” in detail, complete with case histories and examples. His text is dense, yet easy enough to digest if your background is in manufacturing. Fortunately, he loves schematic figures and explanatory drawings and they help guide the way. We from Operations Insider recommend Rother’s insights to leaders in manufacturing eager to explore behavioral patterns and techniques that go beyond the known Lean Manufacturing toolkit.
And yet before we forget: KATA stands for the Japanese term of a routine or pattern that improves your practice. Coming from martial arts and repeat a certain sequence of exercises.
Enjoy reading and improving!
Learning to See
Reading Pick of the day! Learning to See - by Mike Rother and John Shook.
Today’s reading pick:
Learning to see
Learning to see is a lean must have and you can call it a real classic in the lean world. This is the holy book of value stream mapping. With value stream mapping you are very fast on describing a process and find out where MUDA appears and how to eliminate it. With VSM you have a great tool to show your given process, analyze it, smooth it out and test some options, before you even touch machinery or equipment. It gives you a blue print of your future process.”
The book Learning to See - using Value Stream Design to Increase Value Creation and Eliminate Waste. The method of value stream design has proven to be an easy to apply and at the same time very effective tool for designing highly efficient and customer-oriented value streams in the production of products and services. The workbook: Learning to See - conveys the method in a practical way with the help of a continuous example and numerous illustrations.
This book is a real classic and should be standing in every shelf of a person that wants to go deeper in the lean world.
Enjoy reading and improving!
Customer Innovation
Reading Pick of the day! Customer Innovation: Delivering a Customer-Led Strategy for Sustainable Growth - by Marion Debruyne and Koen Tackx
Today’s reading pick:
Customer Innovation
This reading pick is awesome when you need a kick in the butt to turn outside-in. The focus is on the so called “reverse value chain”. Everything starts with customer wishes and based on those you develop innovative products or services.
No matter if you are a business student or manager and have to develop a company strategy, this book is just right. Not always easy to read but in summary it is all about connecting, converting and collaborating with your customers.
Focus on being a solution provider! It is well known that the salesperson will be more successful by finding out what their customer really wants. Go the extra mile and offer full pack solutions with added features and services, but be aware with these features the price will increase and this might have the effect that the customer turns away.
4 things are crucial:
Everything is one package - one sale one package.
With the purchase of the package your customers have upgrades or service included.
Training or advising your customer is already included.
Your offer comes with different financing possibilities.
Enjoy reading and improving!
2 Second Lean
Reading Pick of the day! 2 Second Lean - by Paul A. Akers.
Today’s reading pick:
2 Second Lean
The author Paul A. Akers an entrepreneur and business writer brings in this book all his experience from transforming his own business into a “2 Second Lean” culture.
This book is written like a manual for everyone who wants to know the before and after effect of lean transformation. The good part of it, which makes it easy to read, is that he avoids discussing theories and the engineering language of the manufacturing industry.
If you want to improve yourself or simply getting things done the lean way, on the shop floor as well as in your organization, this book is the right choice.
Enjoy reading and improving!
Living the 80/20 way
Reading Pick of the day! Living the 80/20 way - by Richard Koch.
Today’s reading pick:
Living the 80/20 Way
This book brings it all together. It shows that you really don’t need much to be happy. Trying to bring it in a nutshell it says focus on the first three levels of Maslow’s hierarchy of needs, everything else is unnecessary. Use your time efficiently and get rid of the obstacles to happiness.
Richard Koch applies the 80/20 rule in almost all facets of life - really a refreshing book on how to look at things.
Enjoy reading and learning!
5S Project
Reading Pick of the day! How to carry out a 5S project - by Mickaël Réquillard.
Today’s reading pick:
How to carry out a 5S project
5S is mainly common sense, really simple and when you are strict a very powerful tool! Before you think about starting any improvement process or workshop start with a 5S session, it’s the perfect starting point for following continuous improvement processes. The best part > it requires only a few resources, everyone can join and afterwards you have visible results. The charming thing about 5S is that you will be able to improve in small steps in all areas like quality, performance, safety and the complete work environment.
This reading pick will show you the methodology as well as real doing and conducting of 5S Sessions. It is a great guidance and a step by step instruction with lots of advices and practical tools that will allow you to conduct your 5S project from A-Z.
5S is relevant everywhere - on the shop floor, at the office or even at home!
Enjoy reading and learning!
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