“However, what appears to be efficient to individual companies along the stream—for example, purchase of one of the world’s fastest canning machines, operating at fifteen hundred cans per minute, to yield the world’s lowest fill cost per can—may be far from efficient when indirect labor (for technical support), upstream and downstream inventories, handling charges, and storage costs are included. Indeed, this machine may be much more expensive than a smaller, simpler, slower one able to make just what the next firm down the stream needs (Tesco in this case) and to produce it immediately upon receipt of the order rather than shipping from a large inventory.”
― Lean Thinking: Banish Waste And Create Wealth In Your Corporation
― Lean Thinking: Banish Waste And Create Wealth In Your Corporation
“We wanted flying cars, instead we got 140 characters”
― Elon Musk: How the Billionaire CEO of SpaceX and Tesla is Shaping our Future
― Elon Musk: How the Billionaire CEO of SpaceX and Tesla is Shaping our Future
“One thing that Musk holds in the highest regard is resolve, and he respects people who continue on after being told no.”
― Elon Musk: Inventing the Future
― Elon Musk: Inventing the Future
“He points out that one of the really tough things is figuring out what questions to ask,” Musk said. “Once you figure out the question, then the answer is relatively easy. I came to the conclusion that really we should aspire to increase the scope and scale of human consciousness in order to better understand what questions to ask.” The teenage Musk then arrived at his ultralogical mission statement. “The only thing that makes sense to do is strive for greater collective enlightenment,” he said.”
― Elon Musk: Inventing the Future
― Elon Musk: Inventing the Future
“Most Business Processes Are 90% Waste and 10% Value-Added Work”
― The Toyota Way: 14 Management Principles From the World's Greatest Manufacturer
― The Toyota Way: 14 Management Principles From the World's Greatest Manufacturer
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