GA 266 | The True Value of Cost Reduction with Amery Williams

This week’s guest is Amery Williams. Ron and Amery discussed cost reduction and its role in continuous improvement, which can sometimes be controversial. An MP3 audio version of this episode is available for download here.

In this episode you’ll learn: 

  • Amery’s favorite quote (1:28)
  • How Amery got started with lean (3:12)
  • What Amery is up to these days (4:57)
  • How cost reduction makes a difference (6:01)
  • How Amery identifies where to cut costs (9:10)
  • Achieving a balance (11:05)
  • Quantifying the cost of poor quality (13:15)
  • The lean tools Amery finds helpful (16:46)
  • Practical tips for unearthing areas of financial waste (18:06)
  • About fishbone diagrams (19:41)
  • The value of video work instructions (21:44)

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What Do You Think?

How do you feel about cost reduction in the context of a lean initiative?

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