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Lean Math: Figuring to Improve

Lean Math: Figuring to Improve
Author: Mark R. Hamel
Publisher: SME
Total Pages: 466
Release: 2017-01-25
Genre: Business & Economics
ISBN: 0872638812

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Lean transformations are decidedly more challenging when the math is inconsistent with lean principles, misapplied, or just plain wrong. Math should never get in the way of a lean transformation, but instead should facilitate it. Lean Math is the indispensable reference for this very purpose. A single, comprehensive source, the book presents standard and specialized approaches to tackling the math required of lean and six sigma practitioners across all industries—seasoned and newly minted practitioners alike. Lean Math features more than 160 thoughtfully organized entries. Ten chapters cover system-oriented math, time, the “-ilities” (availability, repeatability, stability, etc.), work, inventory, performance metrics, basic math and hypothesis testing, measurement, experimentation, and more. Two appendices cover standard work for analyzing data and understanding and dealing with variation. Practitioners will quickly locate the precise entry(ies) that is relevant to the problem or continuous improvement opportunity at hand. Each entry not only provides background on the related lean principles, formulas, examples, figures, and tables, but also tips, cautions, cross-references to other associated entries, and the occasional “Gemba Tale” that shares real-world experiences. The book consistently encourages the practitioner to engage in math-assisted plan-do-check-act (PDCA) cycles, employing approaches that include simulation and “trystorming.” Lean Math truly transcends the “numbers” by reinforcing and refreshing lean thinking for the very purpose of Figuring to Improve. REVIEWER COMMENTS “Hamel and O’Connor provide both the novice and experienced lean practitioner a comprehensive, common-sense reference for lean math. For example, I know that our Lean Support Office team would have gladly used dozens of Lean Math entries during a recent lean management system pilot. The concepts, context, and examples would have certainly helped our execution and provided greater clarity during our training activities. Lean Math is a must have book for Lean Support Office people!” —Dave Pienta, Director, Lean Support Office, Moog, Inc. Aircraft Group “A practical math book may sound like an oxymoron, but Lean Math is both pragmatic and accessible. Hamel and O’Connor do an excellent job keeping the math as simple as possible, while bringing lean principles to the forefront of the discussion. The use of insurance and healthcare industry examples especially helps simplify the translation for lean practitioners in non-manufacturing industries. Readers will be able to use the numerous tables and figures to clearly illustrate and teach lean concepts to others. Lean Math is a reference book that every lean practitioner or Black Belt should have in their library!” —Peter Barnett, MBB, Liberty Management System Architect, Liberty Mutual Insurance “Lean Math is a comprehensive reference book within which the lean practitioner can quickly find straightforward examples illustrating how to perform almost any lean calculation. Equally useful, it imparts the importance of the relevant lean principal(s). While coaching some recent transformation efforts, I put Lean Math to the test by asking several novice practitioners to reference it during their work. They were promptly rewarded with deeper insight and effectiveness—a reflection of this book’s utility and value to the lean practitioner.” —Greg Lane, international lean transformation coach, speaker, and author of three books including, “Made-to-Order Lean: Excelling in a High-Mix, Low-Volume Environment” “While the technical, social, and management sciences behind lean must be learned by doing, their conceptual bases are absolutely validated by the math. This validation is particularly crucial to overcoming common blind spots ingrained by traditional practice. Hamel and O’Connor’s text is a comprehensive and readable resource for lean implementers at all levels who are seeking a deeper understanding of lean tools and systems. Clear diagrams and real-world examples create a bridge for readers between theory and practice—theory proven by practice. If math is the language of science, then Lean Math is indeed the language of lean science.” —Bruce Hamilton, President, Greater Boston Manufacturing Partnership, Director Emeritus for the Shingo Institute “Mark and Michael have done a tremendous service for the lean community by tackling this daunting subject. There are so many ways to quantify value, display improvement, and define complex problems that choosing the right methods and measures becomes an obstacle to progress. Lean Math helps remove that obstacle. Almost daily, operations leaders in every industry need the practical math and lean guidance in these pages. Now, finally, we have it in one place. Thank you.” —Zane Ferry, Executive Director, National Operations, QMS Continuous Improvement, Quest Diagnostics “Too many lean books dwell on principles, but offer little to address critical how-to questions, such as, ‘How do I use these concepts to solve my specific problem?’ With plain English explanations, simple illustrations, and examples across industries, Lean Math bridges a long-standing gap. Hamel and O’Connor’s Lean Math is sure to become a must-have reference for every lean practitioner working to improve performance in any modern workplace.” —Jeff Fuchs, Executive Director, Maryland World Class Consortia, Past Chairman, Lean Certification Oversight Committee “Lean Math fills a huge gap in the continuous improvement library, helping practitioners to translate data, activities, and ideas into meaningful information for effective experimentation and intelligent decisions. This reference comes at a critical time for the healthcare industry as we struggle to improve quality, while controlling costs. Though we don’t make widgets, our people, processes, and patients will benefit from the tools provided in this reference. The numerous examples, as well as the Gemba Tales scattered throughout the book, bring life to the principles and formulas. Lean Math is impressive in both scope and presentation of content.” —Tim Pettry, Senior Process Improvement Specialist, Cleveland Clinic “Lean Math is a great book for those times when only the correct answer will do. The math, along with the Gemba Tales, are helpful for those in the midst of the technical aspects of a transformation, as well as those of us who once knew much of this but haven’t used it in a while.” —Beau Keyte, organization transformation and performance improvement coach, author of two Shingo-Award winning books: “The Complete Lean Enterprise” and “Perfecting Patient Journeys” “Math and numbers aren’t exclusively the domain of six sigma! Toyota leaders describe lean as an organizational culture, a managerial approach, and a philosophy. They also maintain that the last piece of lean is technical methods, which includes the math we need for properly sizing inventory levels, validating hypotheses, gauging improvement, and more. Lean Math is a useful book that compiles important mathematical and quantitative methods that complement the people side of lean. Hamel and O’Connor are extremely qualified to deftly explain these methods. Lest you think it’s a dry math text, there are Gemba Tales and examples from multiple industries, including healthcare, which illustrate these approaches in very relatable ways.” —Mark Graban, Shingo-Award winning author, speaker, consultant, and blogger “When you begin a lean journey, it’s like starting an exercise regimen—the most important thing is to start. But as you mature, and as you achieve higher levels of excellence, rigor becomes increasingly important. Lean Math provides easy, elegant access to the necessary rigor required for effective measurement and analysis and does so in practical terms with excellent examples.” —Misael Cabrera, PE, Director, Arizona Department Environmental Quality


Concepts, Applications and Emerging Opportunities in Industrial Engineering

Concepts, Applications and Emerging Opportunities in Industrial Engineering
Author: Gary Moynihan
Publisher: BoD – Books on Demand
Total Pages: 272
Release: 2021-01-07
Genre:
ISBN: 183880935X

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From their initial focus in manufacturing, the industrial engineering principles, tools, and techniques have spread across a spectrum of application areas. Topics covered in this book apply to this continuum of application, including operations planning, safety, quality, production control, inventory management, operations research, supply chain management, and continuous improvement. This edited book comes at an opportune time. It incorporates new knowledge and expertise in a rapidly changing engineering discipline that is a vital force in a wide range of manufacturing, service, educational, and government organizations. Such concepts as lean systems, sustainability, systems thinking, data analytics, and additive manufacturing, as well as utilization of advanced computer software, have further expanded industrial engineering's breadth. Each chapter reflects important aspects of these advances.


The Lean CFO

The Lean CFO
Author: Nicholas S. Katko
Publisher: CRC Press
Total Pages: 152
Release: 2023-02-06
Genre: Business & Economics
ISBN: 1000828271

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This book is not about debits, credits, or accounting theory. It’s about how a chief financial officer (CFO) becomes a Lean CFO to lead the transformation of a company’s management accounting system into a lean management accounting system. It’s been well established in lean companies that traditional management accounting systems do not provide relevant and reliable information to decision makers. The CFO, as steward of a company’s management accounting system, must provide the leadership to improve the quality of the information produced by a company’s management accounting system so it is aligned with a company’s lean strategy, lean operations, and continuous improvement. The integration of a lean management accounting system with a company’s lean strategy will lead to improved decision making by all users and drive long-term financial success. Lean management accounting helps all users, from executives to line managers, better understand the relationships between lean operating performance and financial performance. Written in the style of a practice guide, The Lean CFO is written not just for CFOs, but for all stakeholders of a company’s management accounting system, such as executives and owners, lean leaders, functional managers, and accounting professionals.


The Lean Six Sigma Guide to Doing More With Less

The Lean Six Sigma Guide to Doing More With Less
Author: Mark O. George
Publisher: John Wiley & Sons
Total Pages: 352
Release: 2010-01-28
Genre: Business & Economics
ISBN: 0470606568

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Create New Profits in Any Economy In this difficult economic climate, it's vital to cut waste that can eat at a company's bottom line and boost efficiency at every organizational level. The traditional business solution in a crisis is to slash away non-critical talent and resources, often doing more harm than good. There is a far better systematic approach to doing more with less. As a leading expert on Lean Six Sigma and business transformation, with a deep knowledge of its application in countless areas of business, author Mark George can help you use Lean Six Sigma to analyze your operational needs, identify high-impact opportunities, design and rapidly implement solutions, and create a system that will build efficiency and high performance in every area of your business. The Lean Six Sigma Guide to Doing More with Less can help you: Improve operating margins by as much as 20%, ROIC by as much as 10%, and reduce the costs of goods sold by as much as 5% or more Create "cost intelligence" that uncovers root causes allowing cost reductions without jeopardizing customer service levels and quality Use enterprise speed, agility, and flexibility to drive step-change reductions in cost and enable competitive advantage Identify and eliminate the costs of complexity in your business Supercharge your legacy Six Sigma program, improving speed to results, increasing project values, and shortening completion times With case examples from a wide array of industry, encompassing decades of experience implementing Lean Six Sigma in every economic climate, in companies of every size, The Lean Six Sigma Guide to Doing More with Less will give your business an intelligent edge in lean times.


The Focus and Leverage Improvement Book

The Focus and Leverage Improvement Book
Author: Bob Sproull
Publisher: CRC Press
Total Pages: 292
Release: 2018-09-03
Genre: Business & Economics
ISBN: 0429815131

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Companies all over the world try their best to improve their business by implementing efforts such as Six Sigma, Lean Manufacturing, or a combination of the two methodologies. Logic would tell you that these two methods would be the right approach because you would have an improvement method that, through Lean, reduces waste and make value flow, while Six Sigma reduces and controls variation. If this were true, then why is it that many of these initiatives simply aren’t delivering quantifiable bottom-line results? After having studied many of these on-going improvement efforts, the author believes that these efforts are missing an important focusing mechanism. That is, most of these improvement efforts attempt to improve "everything" rather than finding that key part of the system that should be assessed and improved, the constraining factor, and then focusing the improvement efforts there and only there. The hallmark of this book is how to first locate this constraining factor and then determine the best way to exploit it to generate extreme profits, radically improve on-time delivery of products or services and increase market share by outperforming your competition at rates you never expected possible. How do we do this? By combining Lean and Six Sigma with the Theory of Constraints. This book demonstrates both the basics of improvement (i.e. results) with the "how to" (i.e. the methodology) in a very simple format that everyone within your organization will understand.


Mental Math

Mental Math
Author: Thomas Scofield
Publisher:
Total Pages: 70
Release: 2020-11-16
Genre: Education
ISBN: 9781513673196

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Learn Tricks And Strategies To Solve Everyday Math Problems Easily Will you pay more a $19.99 shirt with a 20% discount or a $24.99 shirt with a 30% discount? Can you quickly calculate how many eggs you'll need to make 100 pancakes, if your recipe says that 2 eggs make 20 pancakes? Can you reckon how much will a $30/month gym membership cost over the course of 24 months without writing anything or pulling out a calculator? The truth is, most of the math you find yourself doing on a day to day basis it's usually done in your head, that's why improving your mental math skills is always useful. If you've grown up hating math, that's probably because you've been taught with the wrong approach. Math isn't just boring formulas and pointless calculations, it can actually be a really useful skill. It can help you calculate a discount on the fly, easily multiply big numbers or quickly figure out how much dough packs you'll need to make 50 cookies if one pack will be enough for 20. In this book you'll find many tricks and practical strategies to improve your math skills, learn how to make calculations faster and solve everyday math problems more easily. And don't worry... This isn't your average and boring book on math theory. You'll find helpful, to-the-point tips and tricks that will actually help you speed up and simplify the calculations you do in your everyday life. Here are some practical tricks you'll learn: How To Quickly Multiply Any Number By 3, 4, 5, 6, 9 And 10. Practical Math Strategies That Will Help You Solve Everyday Math Problems More Easily How To Use The Plugging In Numbers (PIN) Technique To Make Calculations Without Any Calculator The Right Way To Calculate Discounts On The Fly And Save More While Shopping Tips And Tricks To Add And Subtract Fractions Faster What Is Trigonometry And How It Can Be Helpful In Physics, Marine Biology, Criminology And Surveying How To Quickly Determine Mean, Median And Standard Deviation In Everyday Life A Complete List Of Conversion Factors To Easily Switch Between Different Units How To Mentally Determine Your Mortgage And Down Payment Amount And Much, Much More Solve Everyday Math Problems More Easily Scroll to the top and select BUY!


Standard Work for Lean Healthcare

Standard Work for Lean Healthcare
Author: Thomas L. Jackson
Publisher: CRC Press
Total Pages: 120
Release: 2017-07-27
Genre: Business & Economics
ISBN: 1466503254

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Proven to increase efficiencies in the manufacturing sector, Standard Work has become a key element in reducing process waste, ensuring patient safety, and improving healthcare services. Part of the Lean Tools for Healthcare Series, this reader-friendly book builds on the success of the bestselling, Standard Work for the Shopfloor.Standard Work for


Practitioner's Guide to Statistics and Lean Six Sigma for Process Improvements

Practitioner's Guide to Statistics and Lean Six Sigma for Process Improvements
Author: Mikel J. Harry
Publisher: John Wiley & Sons
Total Pages: 827
Release: 2011-09-20
Genre: Technology & Engineering
ISBN: 1118210212

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This hands-on book presents a complete understanding of Six Sigma and Lean Six Sigma through data analysis and statistical concepts In today's business world, Six Sigma, or Lean Six Sigma, is a crucial tool utilized by companies to improve customer satisfaction, increase profitability, and enhance productivity. Practitioner's Guide to Statistics and Lean Six Sigma for Process Improvements provides a balanced approach to quantitative and qualitative statistics using Six Sigma and Lean Six Sigma methodologies. Emphasizing applications and the implementation of data analyses as they relate to this strategy for business management, this book introduces readers to the concepts and techniques for solving problems and improving managerial processes using Six Sigma and Lean Six Sigma. Written by knowledgeable professionals working in the field today, the book offers thorough coverage of the statistical topics related to effective Six Sigma and Lean Six Sigma practices, including: Discrete random variables and continuous random variables Sampling distributions Estimation and hypothesis tests Chi-square tests Analysis of variance Linear and multiple regression Measurement analysis Survey methods and sampling techniques The authors provide numerous opportunities for readers to test their understanding of the presented material, as the real data sets, which are incorporated into the treatment of each topic, can be easily worked with using Microsoft Office Excel, Minitab, MindPro, or Oracle's Crystal Ball software packages. Examples of successful, complete Six Sigma and Lean Six Sigma projects are supplied in many chapters along with extensive exercises that range in level of complexity. The book is accompanied by an extensive FTP site that features manuals for working with the discussed software packages along with additional exercises and data sets. In addition, numerous screenshots and figures guide readers through the functional and visual methods of learning Six Sigma and Lean Six Sigma. Practitioner's Guide to Statistics and Lean Six Sigma for Process Improvements is an excellent book for courses on Six Sigma and statistical quality control at the upper-undergraduate and graduate levels. It is also a valuable reference for professionals in the fields of engineering, business, physics, management, and finance.


Agile Manufacturing Systems

Agile Manufacturing Systems
Author: K Hans Raj
Publisher: ALPHA SCIENCE INTERNATIONAL LIMITED
Total Pages: 916
Release: 2011-12-17
Genre: Technology & Engineering
ISBN: 8184875304

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Agility has become very important for the industries today as the lifetimes of the products are continuously shrinking. This book provides an excellent opportunity for updating understanding of agile methods from the design, manufacturing and business process perspectives, whether one is an industrial practitioner, academic researcher engineer or business graduate student. This volume is a compilation of various important aspects of agility consisting of systemic considerations in manufacturing, agile software systems, agile business systems, agile operations research, flexible manufacturing systems, advanced manufacturing systems with improved materials and mechanical behavior of products, agile aspects of design, clean and green manufacturing systems, environment, agile defence systems.


Lean Aviation Blueprint

Lean Aviation Blueprint
Author: Anish Kumar Pandey
Publisher: Blue Rose Publishers
Total Pages: 237
Release: 2021-11-16
Genre: Business & Economics
ISBN:

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The book is about the lean methodology which is developed and implemented by Toyota can equally be applicable in aircraft maintenance and engineering to reduce waste and improve productivity for cost-effectiveness. Proactive approach, ownership and situational awareness played a vital role in cost reduction. “A stitch in time saves nine”. This book consists of areas and methods by which cost reduction can be achieved in order to make the industry profitable. This book will create a sense of cost-saving and ownership which helps in curtailing the operating costs. We frequently hear a lot about Airlines going into financial distress, thanks to the challenging business model. Also, primarily the reason behind every Airliner taking a keen interest in LEAN Business Model. Now, this has a massive and complex application on Airlines Management considering the Safety aspect. In this book, based on his Aircraft Maintenance experience Anish has made an honest attempt to outline proven measures which will eliminate the wastage without compromising the safety aspect. It is a mine of information, demonstrating simplicity and effectiveness in a one-stop. So, Airlines do not necessarily have to waste any further time in amassing the data. apart from lean methodology, this book will give a brief idea of Aviation leaders thinking, strategies to adopt while selecting the external repair agency, Contract strategy that airlines should follow. and many case studies that changes the fortune of aviation.