Identify Improvement Opportunities
… You can waste time, you can waste labor, and you can waste material—and that is about all. You cannot waste money. You can misuse money, but you cannot waste it; it is still somewhere. ... Time, energy, and material are worth more than money because they cannot be purchased by money. Not one hour of yesterday, nor one hour of today can be bought back. Not one ounce of energy can be bought back. Material wasted, is wasted beyond recovery. These things are in the front of values. They are the precious elements out of which all wealth is made. …
—Henry Ford [135]
As introduced in Chapter 5, the fourth tool to make resource productivity visible is through a resource audit. The primary function of an ...
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