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Must-have information, especially for companies struggling to improve profitability--or avoid bankruptcy
Many books on the subject are theoretical--this one is completely hands on and action oriented
One-stop coverage of where to eliminate waste. Authors cover typical "lean" categories like operational processes, product development, and inventory management, but also many other money wasters like ineffective staffing, inefficient meetings, etc.
Not your grandma's cost-cutting book--heavy emphasis on how technology and the newest thinking on corporate reorganization/rethinking can save an enormous amount of money.
Covers things other lean books don't, like finance and marketing
Linda M. Orr, an expert in sales and marketing, is a regular speaker and blogger on sales and marketing topics
Possible use in MBA programs
Dave J. Orr is a Six Sigma Black Belt and expert in improving operations
Redundant employees. Storerooms full of extra stock "in case we need it." Marketing money sprayed in all directions in the vain hope it will create customers. Duplicate IT systems. HR policies that fatten the corporate waistline rather than keeping it trim. Budgeting exercises that result in "more of the same, plus 2%."
Nearly every corner of most established businesses harbors waste—wasted money, time, effort, or all three. As any runner can tell you, a lean body runs faster and wins races. The same goes when it comes to the competitive race all businesses engage in. Lean companies innovate faster, market more effectively, operate more smoothly, and achieve greater profitability.
Eliminating Waste in Business: Run Lean, Boost Profitability highlights common ways that businesses across all industries waste money without realizing it. Taking an analytical, hands-on view, this book challenges universally accepted business practices—some even taught in business schools—by pointing out how these practices drive waste, and then showing how to eliminate it and reap the benefits.
In eight meaty chapters, operations expert Dave J. Orr, and sales and marketing authority Linda M. Orr, tackle some of the obvious and easy-to-get-rid-of organizational fat and time wasters (meetings, anyone?) that for whatever reason many managers are blind to. They'll also show you how to employ lean six sigma and other methods to improve operational processes, inventory management, and more. But this book goes beyond these things and covers such areas as marketing and advertising spending, headcount and personnel administration, finance, and the many categories that make up what is in many companies a bloated monster: overhead.
With an emphasis on employing technology and smart management to drive down costs, this book will take a comprehensive view of the broad spectrum of money and time wasters and show you how to get rid of them once and for all.