Monday, March 5, 2012

February's P4 Blog Posts in 5 Minutes!!

Before moving on to what the heck P4 is, i thought it would be a good idea to bring everyone up to speed regarding what's been covered in the last 10 P4 Blogs.

The first 6 blogs were a look at the target condition of a Lean organization based on what happened at my company:
1. Strong during tough economic times (sales down 21% in 2008, no layoffs, small profit!)
2. Little or no people turnover (people don't leave companies that are learning organizations)
3. MIND set change: more ownership (figure out how to get it done)  than employee-ism (I just work here)
4. There is greater prosperity for all stakeholders (people make more because we don't throw bodies at spikes in demand).
5. We're becoming market disruptive-customers (happy!) and competitors (not happy!) are talking about what you're doing.
6. Trust and Respect for People is demonstrated between "managers" and "employees"-the walls come down.
7. There is little or no operational chaos and very little of the emotion that comes with it. People can do many different jobs.
8. There is less scoreboard watching and you are driving your car using your dashboard. (Monthly financials are like driving your car using the rear view mirror).

Then, blogs 7-10 were dedicated to metrics and what to measure on those dashboards.
5 common dashboard data point mistakes:: too many, no connection to the process, people don't know why, they are written in stone, or the wrong units are used.  Next, in the past 3 blogs, a "starter kit" of metrics was suggested based on thorough-put, inventory and operational expense (stolen from the book, The Goal).

 That was February! They say (here in New England) that March "comes in like a lion and goes out like a lamb". The P4 blog, it will come in like a lion and go out like a charging rhinoceros! Next up is the P4. What is it and why should I care? Have a great day & thank you as always for following!!

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