Manufacturing waste is something business owners often overlook, yet left unchecked, it can cost a business a significant amount......
Inventory shrinkage is a term used to describe the loss of inventory. It is the difference between the physical count of invento......
Inventory can account for a substantial chunk of your business’ assets. Therefore, optimal inventory management is crucial to ......
The food industry is known to be one of the largest producers of waste which makes it a good time to discuss how waste is genera......
Toyota’s model of production caused ripples throughout the manufacturing world when their introduced lean manufacturing an......
As the world shifts towards a sustainably viable means of producing and distributing, companies dealing with inventory are incre......
Every piece of inventory your business holds has a physical cost associated with it as well as less obvious costs. These costs a......
Inventory waste is considered one of the seven major wastes in lean manufacturing and does not just encompass damaged or obsolet......
The types of inventory waste found in a business are not solely limited to damaged or outdated stock. Waste can be encountered i......
Lean manufacturing began to gain ground around the 1990s with Henry Ford and it has caught on quickly ever since. A lean product......
Lean inventory involves minimizing excess stock; using more efficient processes to manage inventory and production are crucial t......
