Visual Workplace Radio: Let The Workplace Speak

What went wrong? To gain market dominance, Company A offers customers endless choice. Gross sales soar but profits do not improve. The company re-groups and develops still more products. The result? Profits not only do not increase, sales on previous products plunge. What went wrong? This week, Gwendolyn Galsworth, your host, presents the second in her Smart Simple Design series on negative variety. Learn why Visual and Lean are simply coping mechanisms for the seemingly innocent introduction of “just one new part.” Costing a mere $0.35, it triggers a long causal chain of cost and complication. Why? Because: All costs adhere to the part! To help better grasp this, we walk through The Parts Index—a simple but shrewd yardstick for measuring product complexity and its corresponding organizational impact. Instead of simply counting each part on a bill on material, you multiply it by the number of times each part occurs across all products. The result: YIKES! Tune in and learn more.