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Cedric Chin
@ejames_c
I've been thinking about this more, and you have to admire them — whatever Toyota is, they're not dogmatic. "Oh, we have a supply shortage? Sure sure we could stick to our 'lean framework' and refuse to increase inventory. Or we could just do a rethink of JIT manufacturing."
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Cedric Chin
@ejames_c
This was apparently triggered by a chip shortage in 2011, after the Tohaku earthquake. So contrary to the lean manufacturing ethos of 'no inventory', Toyota had been increasing the amount of inventory they held for critical components for a decade now. bloomberg.com/news/articles/
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Cedric Chin
@ejames_c
In case you missed it, I did a whole thread on Process Power (competitive advantages from company processes) earlier today. This will all become a blog post at some point; using Twitter as a first draft.
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Cedric Chin
@ejames_c
Alright, let's talk about Process Power. I'm probably going to write a post titled 'People Don't Seem To Understand Process Power' soon, because people seem to take it to mean 'oh, processes that are difficult to copy'. Which, yes, but how difficult? twitter.com/ejames_c/statu
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