Review on 7 Focus Areas for Eliminating Wastes
Originally Published 10.23.2013
I know that several times, you have heard about the 7 types of waste. If you reduce these wastes, then you make your processes lean. When you make your processes lean, you reduce the cost of delays which could help add to your bottom line.
More importantly, in this technological era of immediate gratification, where the patience level of customers is at an all-time low, cheaper product is no longer the king, but the service delivery speed of your products or services is.
How to do it the first time? Map out your processes with those who do the job every day. Then do a qualitative analysis on each step- in your customers' point of view, is this step a waste or a value-adding step (customers are willing to pay for it)?
Move over "cheaper products", we have a new King.
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