Cycles of lean: Findings from the leanness studies--part 1

Improving leanness should show up as quicker response times, better quality, lower costs-and, prominently, rising inventory turnover. Yet research involving more than 1,500 global companies finds long-term value-chain inventory turns falling, rising, falling, etc., in multiyear cycles with nearly al...

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Bibliographic Details
Published in:Management accounting quarterly 2016-06, Vol.17 (4), p.21
Main Author: Schonberger, Richard J
Format: Article
Language:English
Subjects:
Analysis
Annual reports
Business cycles
Business logistics
Costs
Decision making
Flow velocity
Forecasts and trends
Interest rates
Inventory
Inventory control
Management decisions
Manufacturers
Manufacturing
Methods
Reshoring
Stock exchanges
Supply chains
Trends
Turnover
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Summary:Improving leanness should show up as quicker response times, better quality, lower costs-and, prominently, rising inventory turnover. Yet research involving more than 1,500 global companies finds long-term value-chain inventory turns falling, rising, falling, etc., in multiyear cycles with nearly all regions showing worsening inventory turns in the new millennium. Looking beyond the numbers, the research tends to suggest durable leanness as a catchall indicator of management effectiveness.
ISSN:1528-5359
2577-8811