People Innovation Excellence

Lean Leads The Way

on_the_way_1_h

Picture source: http://elitetrack.com
INDUSTRIAL ENGINEER – VOLUME 43: NUMBER 04

Two investment bank managing directors contend that state-of-the-art lean practices have helped German plants thrive even as the U.S. has lost millions of manufacturing jobs.

Writing in Manufacturing Business Technology, Robert P. Wudjtowicz of Chicago-based Inter Ocean Advisors LLC and Carsten Lehmann of German-based Lampe Corporate Finance GmbH noted that Germany has positive trade and current account balances and strong demand for its products. Its unemployment is at a 20-year low, and German manufacturers now face labor shortages.

Some of Germany’s success came because real wages declined between 2000 and 2008. But Wujtowicz and Lehman reviewed several analyses of German business models to find the basis of their success. One study identified six key factors for the German model: specialization, innovation, strong customer service, flat organizational structures, professional management and operational excellence. Many successful German companies had these factors in common.

For operational excellence, the authors report, most employed advanced lean manufacturing processes. They strove for operational effectiveness, “continuously assimilating, attaining and extending best practices.” They aggressively managed costs, even off shoring lower value-added activities. They didn’t seek strategic alliances, and few pursued large acquisitions or other game-changing strategic moves fraught with risk.


Published at :
Leave Your Footprint

    Periksa Browser Anda

    Check Your Browser

    Situs ini tidak lagi mendukung penggunaan browser dengan teknologi tertinggal.

    Apabila Anda melihat pesan ini, berarti Anda masih menggunakan browser Internet Explorer seri 8 / 7 / 6 / ...

    Sebagai informasi, browser yang anda gunakan ini tidaklah aman dan tidak dapat menampilkan teknologi CSS terakhir yang dapat membuat sebuah situs tampil lebih baik. Bahkan Microsoft sebagai pembuatnya, telah merekomendasikan agar menggunakan browser yang lebih modern.

    Untuk tampilan yang lebih baik, gunakan salah satu browser berikut. Download dan Install, seluruhnya gratis untuk digunakan.

    We're Moving Forward.

    This Site Is No Longer Supporting Out-of Date Browser.

    If you are viewing this message, it means that you are currently using Internet Explorer 8 / 7 / 6 / below to access this site. FYI, it is unsafe and unable to render the latest CSS improvements. Even Microsoft, its creator, wants you to install more modern browser.

    Best viewed with one of these browser instead. It is totally free.

    1. Google Chrome
    2. Mozilla Firefox
    3. Opera
    4. Internet Explorer 9
    Close