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.
6 steps to a steep learning curve after project start-up
You have made it through to project start-up and, while it feels like the finish line is in sight, there is still the important matter of making the project pay. The financial success of a project is very sensitive to how quickly it starts to repay the capital outlay. For complex production projects, this means … Read more