Sunday, June 23, 2013

"Lean" approach - waste reduction

According to "Lean" there are 7 types of "manufacturing wastes"
  1. Transport (movement that us really not required)
  2. Inventory (all components, work in process and FG not being processed)
  3. Motion (More than what is needed to perform the processing)
  4. Waiting (waiting for the next production step)
  5. Overproduction (production ahead of demand)
  6. Over Processing (poor tool /design)
  7. Defects (effort in inspecting and fixing)
Similarly According to "Marketing Lean" the wastes are 
  1. Features which do not create value for the customers
  2. Money spent in fighting wars which should not be fought
  3. Money spent in reaching / contacting customers who are not your prospects
  4. Money spent in unnecessary go to market activities 
  5. Value chain which does not create value for you or customer

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