Episode B.015 Lean It Up Now!

Author's Notes
We are introducing a new format to our Show Notes and Broadcasts. We received feedback our podcasts are too long (average 26 minutes). The shows have been restructured into 13 minute segments - each with a specific objective. Segment 1: What the show will cover and why it is important. Segment 2: What do you need to know to take action. Segment 3: How do you apply it and the tools available, and Segment 4: Tips and Insights from our experience. Thanx for the Feedback and keep it coming.

What are Today's Topics & Why is it Important?​
There is no better time than now to start - loss of significant revenue and the potential of only clawing back 35% of lost revenue over the next 4 months. means can you return to profitability? If we accept this range of economic projects your challenge is to at least achieve break even and perhaps profitability.

Today's show will cover (1) Where to look for cost reductions and (2) How to achieve it.

Knowledge to Take Action
​We have covered Lean from several perspectives and you can search those earlier articles in the Search Bar. A great place to start is looking at Lean as a process of over time:
Lean Issues:

• Lean as a fixed state or goal (Being Lean);
• Lean as a continuous change process (Becoming Lean);
• Lean as a set of tools or methods (Doing Lean/Toolbox Lean);
• Lean as a philosophy (Lean thinking).

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The Lean Quick Starter (Being Lean):

• Improve quality - understanding customers' wants and needs and design processes to meet their expectations and requirements;
• Eliminate waste - eliminate any activity that consumes time, resources, or space but does not add any value to the product or service;
• Reduce time - reducing the time it takes to finish an activity from start to finish is one of the most effective ways to eliminate waste and lower costs;
• Reduce total costs - minimize cost by producing only to customer demand, overproduction increases a company’s inventory costs because of storage needs.     

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​What You Need to Do
We are down to the 'Critical 1', what is the 1 thing you can in each of the following categories to Be Lean.

• Lean Goals: Customers, Production, and Talent - 1 improvement in each;
• Focus on Variable Costs;
• Process Mapping & SOP's;
• Mapping/SOP Job App to increase or remove Quality, Waste, Time, and Costs.

​Next Show: Reducing Costs is Found Money

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