A new site gives perspective on the British Petroleum (BP) Oil Spill Disaster [1. In May 1901, William Knox D'Arcy was granted a concession by the
Positive Variance and Standard Work
Standard Work is a very misunderstood concept in Lean Thinking. It's not just about following a set of steps and a hard nosed manager holding his
Lean Manufacturing in Automotive Industry for Aftermarket Parts
This article shows a case study of how Kohlberg, Kravis, Roberts & Co. (KKR) was able to create value in one of their portfolio companies through
Visual Management Principles: Make it Obvious
In this post on Visual Management, we'll discuss the principle of Making Things Obvious. I don't remember who said it or how it goes, but that
Ring Fence 100 Days: Private Equity Operational Improvement
Many might argue against my claim, but I firmly believe that Private Equity and Leveraged Buyouts add value to the world economy. More and more,
Visual Management Principles: Make Problems Visible
There's a reason why Kindergarten and preschool classes work - everything is visible. As that famous book said about kindergarten, adults can learn
Everyday Poka-Yoke: Door Knob Safety
Poka-Yoke, or Error Proofing, Mistake Proofing is a helpful tool in Lean Thinking. But, like any tool, there's a method to how to implement the
Private Equity Lean Manufacturing Example and Approach
When a Private Equity firm considers buying a company, the role Lean Thinking plays depends on the stage of the buyout deal. But, Lean Thinking is
The Seven Wastes of Lean Product Development [video]
This article explains the Seven Wastes of Lean Product Development, as explained by our guest author, Tim McMahon. Pete's Note: I'm happy to