It’s easy to just think of waste as piles and piles of packaging material - but it can actually be a lot more complex than that. Review and reduce waste to make your business more lean and increase profits.
Here are some examples of areas that can create unnecessary costs in your business 👇🏼
Excess manufacturing - Production of items before they are needed.
Production costs - When was the last time you negotiated prices with your supplier? Has the business/quantity grown since then? Try to re-negotiate.
Downtime - Delays between processes caused by inefficient workflows.
Transportation issues - Unnecessary movement of products leading to increased delays or expenses.
Unnecessary processing - Handling goods without adding value.
Extra inventory - Storage or management of excessive stock.
Suboptimal resource utilization - Failure to maximize the use of tools, technologies, or human resources.
Quality flaws - Issues that diminish the value of the product and increase returns and refunds.
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Review & Reduce Waste