Discover hidden revenue streams – the 8 wastes of lean (DOWNTIME)

Author
Irene Legiec
Published
May 7, 2024
Post Tag

Is your small- or mid-sized company experiencing rapid growth but struggling to maximize potential? Are you unsure how much better your revenue could be?

Discover your hidden revenue streams and transform inefficiencies into profit-generating opportunities.

Using the methods in Lean Manufacturing, work to understand what wastes you have in your systems. The 8 types of waste can be remembered by the acronym DOWNTIME.

D - Defects

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Are you wasting money by producing too many defects? How much money are you throwing out the window?

O – Overproduction

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Are you producing too much to meet current demand?

W – Waiting

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Are there times that you are waiting for the process to catch up? How can you optimize your process cycle time?

N – Non-utilized talent

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What is the hidden talent in your organization? How do you ensure that you have a strong bench of talent that is focused on the right issues?

T – Transportation

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Waste regarding movement of materials and products?

I – Inventory

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Inadequate inventory management or excess?

M – Motion

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Suboptimal layout and movement by the process or employees?

E – Extra processing

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Are you wasting time in rework or have extra processing steps?

It does take some time to study the process, identify areas of opportunities, and prioritize to maximize return in a short period. You may not have the bandwidth, resources and experience to start this process, and this is where I can help.

IALS Consulting can find the untapped potential in your business and manufacturing operations, so you can focus on continuing to drive business growth.

Let us show you the path to exceeding your goals.

To learn about the 8 Types of waste and other lean topics, IALS Consulting can provide training for your organization.

Contact IALS Consulting at Legiec.IALS@gmail.com and schedule your first consultation for free.

Scale without overstaffing

No need to hire for short-term projects or stratgeic growth

Unleash leadership potential

Free up your executives to drive business growth

Discover hidden revenue streams

Transform inefficiencies into profit-generating opportunities

Optimize your operation

Maximize output and efficienecy in your processes

Forge a cohesive team

Strengthen your workforce and foster collaboration

Tailored continuous improvement

Simplified strategies customized for your business

IALS Consulting draws on over three decades of industry leading experience in Engineering, Operations, and Six Sigma to help you find untapped potential in your business and manufacturing operations, so you can focus on continuing to drive business growth.