lean production and value Re: blind leading the blind Re: [LINK]
Airport to tag passengers
Deus Ex Machina
vicc at cia.com.au
Wed Oct 18 11:42:50 EST 2006
Frank O'Connor [foconnor at ozemail.com.au] wrote:
> Brilliant ... My Economic God!
> So there's absolutely no discipline, no standards you submit to when
> using expressions and ideas.
> Words can mean whatever you say they mean ... and the rest of us can
> interpret them as we like.
this is the language of business frank. clearly you are not in business
or at best you are self employed.
> And you keep coming back to the notion of 'value' - a highly
I think that was a point I made.
> I mean ... you value crap, whilst the rest us us don't.
> You are an economic neophyte, Vic - flouncing around reading whatever
> That's why you're a weasel Vic. That's one reason you're so objectionable.
5th insult. 6th insult.
> If you want to talk about value, Vic ... you don't add any to any
> discussion or thread I've seen you in.
> ... you and your 'ideas' are not worth serious attention.
now this is the good bit, the toyota lean production model of value
chain management is the most widely used business paradigm in operation
today. it is also the most successful. in this model profit and value add
are one and the same. value is what the customer is paying for. therefor
profit is the value add that a business applies to its inputs to create
the total value the customer is prepared to pay for.
I find it strange the frank dismisses lean production or kayzen as
comming from a conservative source or "not worth serious attention".
lean production is also know as "just in time" production.
all large and successful companies take it very seriously. in fact
every business should take it very seriously. its applicable not just to
goods but to services as well.
to understand business requires a clear understanding of "value". not
understanding what is meant by "value" means talking about business is
like talking with a chemist and not understanding what is meant by atoms and molecules.
so frank are you going to respond with yet another string of insults or
are you prepared to make an effort to understand?
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