Accelerate to Business Excellence
Use the tools of the Toyota Production System to achieve business operational excellence and subsequently, strive for perfection and create a corporate culture of greatness. Here I show how business excellence is achieved using the Toyota Production System as a model to improve business performance.
Toyota Production System Benefits include:
- FIRSTLY, CONSTANTLY ERADICATE FAT OR WHAT LEAN SIX SIGMA CALLS WASTE.
- CREATE UNIQUE BUSINESS VALUE THROUGH OPERATIONAL EXCELLENCE.
- CONSTANT DEFECT REMOVAL.
- SUBSEQUENTLY, INCREASED NET PROFIT.
- IF POSSIBLE, “PULL” WHERE POSSIBLE.
- ABOVE ALL, WHOLE COMPANY QUEST FOR PERFECTION.
- FOR EXAMPLE, LEADING TO A CORPORATE CULTURE OF GREATNESS.
- DIRECTION TO EXCELLENCE BY GUIDING PRINCIPLES.
- STRATEGIC SUPPLIERS DECREASE PRICES, YEAR OVER YEAR.
- SO MUCH MORE.
The Toyota Production System Applied to Improve Business Performance:
Businesses live in a world of cutthroat challenges. For instance, there is always a push to increase margins. That is exactly where the Toyota Production System comes into play. By implementing components of the Toyota Production System, companies achieve Operational Excellence consequently, they accomplish this through Profound Knowledge of their processes.
Improve Business Performance by Turning the Right Business Knobs
For instance Businesses are run with a set of operational knobs. For example, the size of the knob is relative to it’s importance and the range that it can be turned, is relative to your authority and capability to turn it. Above all, I suggest you turn up the Operational Excellence knob all the way. Have a look at this 5 minute video and see what knobs you would like to turn up:
Measuring the Value Delivered – The Power of a Value Stream
A Value Stream follows all the processes from customer order to customer delivery. Rather than a department by department view it give you a holistic view of your creation of value. I recommend you create Value Stream Maps for your most critical processes first then move to other processes as needed. This video shows you the power that a Value Stream can deliver. As a result, the Toyota Production System uses Value Streams to create Profound Knowledge and Operational Excellence of their Processes:
Use the Toyota Production System to improve business performance. For instance, Toyota enlists everyone in their company to reach for business perfection. They get better performance year after year. Shouldn’t your business acellerate to greatness year after year?
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