Producing Too Much Creates Waste!
More! Sooner! Faster! When these expectations begin to drive processes, companies are likely to slip into overproduction. As a result, they end up with more product than needed. Accumulating inventory before it is needed is an unwise use of resources. It ties up cash that could be used more effectively. It also causes other wastes such as extra transportation and motion. Additional...
Read MoreToo Much Inventory Will Destroy Your Operation!
Inventory is a waste that plagues every organization and usually hides a multitude of sins. In fact, inventory has been called the root of all evil. Excessive inventory occurs when material is pushed through a process rather than being pulled by customer demand. Excessive inventory occurs in all organizations in the form of raw material, supplies, spare parts, work-in-process (WIP), finished...
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