Welcome to 2020. In a world where most business’ are being run like it’s pre 2010, this article from 2018 should seem futuristic. Except it already happened.
Link to article: https://techcrunch.com/2018/10/07/the-next-big-restaurant-chain-may-not-own-any-kitchens
An easy comparison with something tangible help you quantify your management gap:
in the same way datacenters are on the cusp of adopting liquid cooling - businesses are on the cusp of adopting Lean.
Tangible Example: Datacenters & Liquid Cooling Technology
The following comparison from CoolIT Systems shows Liquid Cooling Technology typically produces the following results compared to conventional datacenter air cooling:
Capital expenditure 25% decrease
Operating expense 22% decrease
Rack density 80% increase
Intangible Example: Businesses & Management Technology
The following comparison from A. Ward’s work shows Lean Product and Process Development potential compared to conventional business:
Development time 75% decrease
Quality problems / Schedule & Cost overruns / Failed products: 90% decrease
Innovation 90% increase
I charted his data to make this visual:
Example “5 years ago, it took us 14 weeks to introduce a new chip to our factory; now it takes 10 days” - the first Intel factory to achieve these times using Lean principles.
Similar to CoolIT Systems products like Revelstoke whose parts are available to anyone, but the success was due to how it was put together;
Lean Product & Process Development is also available to anyone, your success is due to how you work together.
With many companies playing catch up to where their industry is in the transition, where do you stand:
are you holding on to obsolete management practices and falling behind?
or learning current methods and staying competitive?
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#Lean #ContinuousImprovement #CoolIT #LiquidCooling #Datacenters #LeanProduceandProcessDevelopment #intel #Computing #Technology