Wiremold's Success With Lean Manufacturing
Evaluating Wiremold's Success with Lean Manufacturing
Wiremold successfully transformed itself from highly inefficient production and manufacturing processes that had centered on batch-and-queue methods of scheduling to be one of the acknowledged global leaders in lean manufacturing. So great were there accomplishments that they were mentioned in the book Lean Thinking and have consistently been used as a case study of how the adoption of lean manufacturing frameworks and principles can transform the financial performance of a company (Fiume, 2004). Previously to implementing lean initiatives, the company earned $100M in revenues and had an enterprise value of $30M. Within just ten years of operating with lean manufacturing processes in place the company had revenues grow to $450M and a value of $770M, which is the price the company was sold at in that year. For a transformation to be this successful and pervasive, a cultural shift is involved in how a company views itself as part of its broader value chain, including a complete shift in the expectations and actions of subordinates as well (Day, 1995).
What Wiremold did was make lean a strategic initiative, not a tactical one. This ensures that their CERO would lead the lean initiative and show through example why making significant changes in daily processes and procedures, when taken over time, could lead to exceptionally...
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