About VMG, the company that created Velocity

About VMG, the company that created Velocity

VMG, or Velocity Management Group AB, focuses on supporting companies with multi-project activities who wish to improve their competitiveness and their capacity for increasing profitability. Since the start of the company in 1999, VMG has developed an expertise regarding how to shorten lead times, increase delivery precision, and lower costs by means of increasing the total flow of projects.

VMG has worked with flow-based methods like TOC, Lean, and Agile. TOC, or Theory of Constraints, is a methodology for increasing flow with the help of a system. Originally, it was developed by Dr. Eliyahu M. Goldratt and has been described in books such as The Goal (1984), It is not Luck (1994). Critical Chain (1997), The Choice (2008), and Isn't it Obvious (2009). In the literature on Lean, TOC is often referred to as the Physics of Lean.

VMG has its offices at Medicon Village in the university town of Lund, Sweden. VMG serves clients internationally, and a few examples of our customers are Ericsson, Saab, Novo Nordisk, ABB, RUAG, Festo, Hasselblad, Blanco, and Schneider Electric.

The creation of Velocity was started in 2008 and version 1 was released to a limited number of companies in 2009. Today version 5 is the valid one and there are thousands of daily users of Velocity, mainly in Sweden and Germany, but also in several other countries in Europe, United States, and Asia.

VMG is a partner of Goldratt Implementation Group Europe and is also part of the international TOC, the Theory Of Constraints network with colleagues in some 50 countries.

VMG works with all flow-improving methods, like for example Critical Chain (CCPM), Scrum, Kanban, and other Lean-inspired or "pull-based" methods.

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