A Focus on Waste: Eliminating Nonvalue-Added Activities
A man cannot be paid much for producing something which is wasted.
Henry Ford1
Waste is something that no human being enjoys creating. To waste resources is to potentially create a resource shortage in the future. To do work that is deemed to be wasteful is demoralizing. Waste destroys profit and current and future opportunities to create value. A company has to recognize, measure, and eliminate waste if it is to achieve its profit potential.2 Waste occurs throughout the organization, in every activity and every function. The goal in measuring waste is to make it visible so it can be eliminated.
The Many Faces of Waste
Waste is an insidious part of every organizational activity. ...
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