I don’t portray myself to be either a statistician or an actuary but I do have the (mis)fortune of having some idea about how probabilities and odds work and often in risk management you have to evaluate the likelihood of…
Please leave Toyota alone
It is hard for anyone who is trained in Lean Six Sigma to understand the latest Toyota recall. Toyota wrote the book on quality after all. Really. Look up The Toyota Way. Six sigma is a process improvement methodology that…
Economist: Toyota’s overstretched supply chain
Here is a very good story about Toyota, it’s supply chain and managing its risks, from the February 25, 2010, issue of The Economist. http://www.economist.com/business-finance/displaystory.cfm?story_id=15581072 In light of its recent troubles I am not really troubled by Toyota. Perhaps I…
The de-risking of Toyota
First of all, let me say, I love Slywotzky, so here is an article he co-wrote in 2007 where he explains the de-risking methods developed by Toyota, Coach, Target and others that can help you to design a more flexible…