Did you know about the Waste ?
To produce sooner,
faster or in greater quantities than the absolute customer demand. Overproduction
discourages smooth flow of goods or services and lead to excessive inventory.
Over production
·
Costs money
·
Consumes resources
ahead of plan
·
Hides inventory and
defects
·
Utilizes space which
makes it the biggest waste of the seven waste.
Inventory
Any raw material, work in progress or finished goods which are not having value added to them and is not directly required to fulfil current customer orders come under inventory.
Inventory leads to
·
High costs and
damages
·
Extra storage space
and resources
·
Hiding shortages and
defects
Motion
Movement of people. This
becomes a waste when individuals move more than is necessary for the process to
be completed. It becomes a waste as it
·
Interrupts production
flow
·
Increase production
time
·
Causes injuries/fatigue
Waiting
Refers to the periods
of inactivity in a downstream process that occur because of an upstream
activity does not deliver on time. Waiting results in
·
Stop/start production
·
Poor workflow
continuity
·
Bottlenecks
·
Long lead times and
delivery failures
Transportation
Unnecessary movement
of material. Transportation
·
Increases production
time
·
Consumes resources
and floor space
·
Increases work in
progress (WIP)
·
Causes damage to
products
Over processing
Processing beyond the
standard required by the customer.
·
Consumes resources
·
Increases production
time
·
Can reduce life of
component
Defects/Rework
Defect is a component
which the customer would believe unacceptable to pass the quality standard.
Defects
·
Add costs
·
Interrupts the
schedule and consumes resources
·
Reduces consumer
confidence