Wastes exist in many types and forms that hinder the business from operating in an optimum way. Waste management is one of the most effective ways to increase the productivity of any business while It is important to understand exactly what waste is and where it exists to eliminate it.
The waste can be defined as any action or step in a process that does not add value to the customer.
To identify these waste actions or steps, we need to understand how the business work to achieve its goals and objectives. Each business can be modeled through its services, products, capabilities, and skills that are important factors that shape the different business processes to provide those services or products and utilizing the business capabilities and skills. The process itself can add value or waste to the business.Read more