Business – 9.3 Operations strategy – Lean production | e-Consult
9.3 Operations strategy – Lean production (1 questions)
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Waste elimination seeks to remove activities that consume resources without adding value, thereby reducing costs, shortening lead times and improving quality.
- Over‑production – Producing more than is needed leads to excess inventory and higher storage costs.
- Waiting – Idle time for workers or machines slows the flow and increases lead time.
- Defects – Faulty products require rework or scrap, raising costs and damaging reputation.
- Excess motion – Unnecessary movement of people or materials wastes time and can cause fatigue.
By targeting these wastes, lean production streamlines processes, enhances efficiency and improves overall profitability.