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What is the Lean Approach in Construction Contracting?
In a phrase, we define it as asset productivity. (Current and fixed assets along with people) Productive assets means higher ROI. Healthy financial results bode well for construction contractors and their staffs. As you know, cash in the bank can determine whether your business future will be a) troubled b) robust or c) extinct. The bank does not have an opinion about your balance; it is not debatable. That balance allows you to take a long-term view or forces you focus only on the short term. Greater asset productivity is what most contractors desire. It beats the alternatives.
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Favorite Book 2007
The Toyota Way is my favorite book for 2007. It had so many good ideas that I could not keep up and ended up reading it again and even buying the Field Book to go along with it.
Download Elegant Solutions from Change This which provides some highlights of the Toyota Production System. Too many ideas that are applicable to contractors to even count!
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