This riff is another preview of the upcoming BMH. Just to get the ball rolling, eh?
Toyota is the leader in automobile industry, even surpassing GM in worldwide vehicle sales – a feat that marks the end of one of the longest runs of dominance in all of global industry.
How Toyota achieve that?
The 3rd principle of The Toyota Way is use “pull” system to avoid overproduction. Now, what’s that mean?
This is “pull” system. No, kidding!
This is what “pull” system looks like
What it really means is: producing only what’s needed and transferring only what’s needed. The “pull” system produces only the required material after the subsequent operation signals a need for it. If there’s a need, they’ll produce it. Otherwise, they do nothing. No wasted effort. No wasted resources. That’s no surprise since the objective of the “pull” system is to maximize value by eliminating waste.
Why is it relevant to you?
You can adopt this strategy and get what you want. Only do what you really need to achieve what you really want (in Toyota’s case: cars, lots and lots and lots of cars). No wasted effort. That’s ultimate productivity, folk!
The only problem is: you couldn’t possibly know what you need to do in order to achieve what you want if you don’t know what you want in the first place. Which brings us back to – what do you really want?
The Toyota Way: 14 Management Principles from the World’s Greatest Manufacturer, McGraw-Hill.