By Paul Whimp
Where there is a process, there is waste.
Toyota spent decades studying and eliminating wastes from all aspects of their businesses. The result of their focus was the identification of seven wastes which are the most prevalent types of waste that exist in any business or process.
By understanding these wastes and investigating their existence in your business you are able to then identify those high priority wastes that are causing unnecessary costs.
The information in this blog is intended only to provide a general overview and has not been prepared with a view to any particular situation or set of circumstances. It is not intended to be comprehensive nor does it constitute advice. While we attempt to ensure the information is current and accurate we do not guarantee its currency and accuracy. You should seek professional advice before acting or relying on any of the information in this blog as it may not be appropriate for your individual circumstances.
Today’s financial environment demands a regular review of strategy and a focus on execution.
