Waste is any activity that does not provide value to the product. A worker walking long distances across the production line to move a credit application to the next stage of the process wastes time. Unnecessarily, large buffer stocks waste working capital. Production bottlenecks that idle downstream workers waste human resources. Above all, waste wastes money. Customers don’t want to pay for your waste, which increases the cost of the product.
Everywhere work is occurring, waste can be found. Sending an installation team to an installation site twice to install a high-speed line because the information ...
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