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Publisher’s Note: You are the Quarterback. Lean is the Game Plan.
Anand Sharma, Co-founder & CEO, TBM Consulting Group
Lean is playing a pivotal role by providing a platform for improvement, achievement and sustainability that supports the vision and passion of talented leaders that we’re proud to work with. In this issue of Managing Times, learn how organizations are using lean to enable the best teams to execute with consistency, to be responsive and win.
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Case Study: Sigma Electric Beats Low Cost Competitors with a Focus on Service
By Tonya Vinas, Freelance Editor
By transforming into a unique provider with a low-cost, high-responsiveness, high-quality model, Sigma Electric (SEMCO) has been able to achieve a 20 percent compound annual growth rate. The company’s lean foundation also streamlines growth through acquisition and furthers substantial efficiency gains achieved during the past four years at its Indian plants, such as doubling productivity with the same assets.
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Strategic Visioning: Making Friends with Risk
By Carl Deeley, Director, TBM Consulting Group
Carl challenges us to get out of our comfort zone in this provocative article about getting comfortable with risk—calculated risk that is. Executives worry about taking a chance on something new. He defines “chance” as something unpredictable that prevents us from making an educated decision due to a lack of essential information that would make the outcome favorable. Instead, he encourages us to take on “risk”. With calculated risk we have information about both the danger AND the reward and we can make an educated leap.
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Leadership Insights: Q&A with Don Maier, Senior Vice President of Global Operations and Supply Chain at Armstrong World Industries
By Tonya Vinas, Freelance Editor
In this one-on-one interview with Don Maier, learn how Armstrong is leading a lean transformation to prepare for a market rebound in the struggling building products industry. Armstrong is owned by private-equity giant, TPG Capital. The company has embraced a rapid-transformation model to improve productivity and reduce working capital. Executives who wish to learn more about the Armstrong model and how to drive cultural transformation should consider attending CEO Boot Camp in June 7-9, 2011. CEO Boot Camp will feature Armstrong Industries and attendees will have the opportunity to speak directly with Don Maier and the Armstrong Leadership team.
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Tech Talk: At Vermeer Lean Process Improvement Methods Naturally Support Green Objectives while Simultaneously Lowering Operating Costs
By David Drickhamer, Independent Business Journalist
By combining its operational excellence initiatives with a proactive environmental program, Vermeer Corporation has found a way to leverage lean for eliminating wasted energy, water, trash and emissions. Vermeer also leverages its focus on operational excellence to transform the company and dramatically improve production, efficiency and quality, reduce lead times, improve safety, minimize inventory and boost profit margins.
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Giving Back: It Takes a Village to Catch the Rain
By Gary Rascoe, Senior Management Consultant and Trainer, TBM Consulting Group and the LeanSigma Institute
Enjoy this special interest story and learn how the Watershed Organization Trust (WOTR) and TBM worked together in drought-prone regions of India to restore the water supply and reduce the need for people to migrate to the cities during the dry season. TBM co-founder, Anand Sharma, serves on the WOTR board of directors.
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Lean Champions: TBM Names Milbank Manufacturing Company Seventh Annual “Perfect Engine” Site Award Winner
TBM Presented Milbank Manufacturing Company with the seventh annual Perfect Engine Site award for its commitment to lean excellence in manufacturing. Milbank is now using liberated cash and space to invest in a new alternative energy solutions business. Learn more.
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Accelerated Learning: Why Lean Programs Fail
By Joe Panebianco, Director, TBM LeanSigma Institute
The lure of continuous improvement is irresistible. When done right, such programs can deliver revenue growth and income three to fives times the competition. Unfortunately, many programs fail to yield significant results or gain traction. Read this article to learn about the five reasons a lean program is likely to fail. Make sure you’re prepared to overcome these obstacles and beat the odds.
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Events Calendar: Upcoming Events Sponsored by TBM and the LeanSigma Institute
Be sure to check the TBM website to learn more about the broad array of services available from the TBM LeanSigma Institute. We have several upcoming events that may be of interest to your organization. Download the most recent TBM LeanSigma Institute Global Calendar. Visit the events section to see the conferences, webinars and speaking engagements where TBM associates will discuss important topics relevant to your lean journey, your business performance, and your business management system.
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