There is a view that all buffers are waste, particularly from some Lean practitioners. “If you see inventory waiting anywhere in a supply chain then it should be reduced to zero”. However, businesses should be Lean not Anorexic and buffers can be used to increase the flow of product and profit.
The 5 steps to assessing project risk & complexity
Project complexity is increasing, particularly in manufacturing, and using project cost as the only indicator of risk is getting less helpful. How then do we take a broader supply chain view when assessing project risk? The definition of risk is different from one business to the next. Also an aggressively competitive business context can make … Read more