Waste’s final foothold

Authors: Ryan Hale and Dan Kubiak

Source: Industrial Engineer

Issue: August 2007

Abstract: Every minute that produces 50 instead of the possible 60 parts has demonstrated lost potential. The value of this opportunity can be higher in businesses with relatively low ratios of unit marginal cost to asset value. So dust off that old value stream map and re-evaluate it according to the guidelines above. Chances are you will find yourself surrounded by potential.

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