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Identifying and Eliminating Waste: One of the core principles of CI is the identification and elimination of waste. Waste, in this context, refers to any activity that does not add value to the customer. The Lean methodology categorizes waste into eight types: defects, overproduction, waiting, non-utilized talent, transportation, inventory, motion, and extra processing. By systematically addressing these areas, companies can significantly reduce operational costs. For instance, by improving process flow and reducing wait times, organizations can enhance productivity and minimize the costs associated with delays. Streamlining inventory management can reduce holding costs and prevent overproduction. By focusing on these and other wasteful activities, companies can achieve cost savings without impacting their workforce. www.opusworks.com #continuousimprovement #processimprovement #leadership

OpusWorks - Keeps People Learning, Doing, Working

OpusWorks - Keeps People Learning, Doing, Working

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