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Lean Principles
Competitive organizations have a lean-based mentality and strategies that cut across
their companies to eliminate “waste ”. Their management teams:
- Focus on eliminating customer complaints.
- Facilitate employee learning and development.
- Improve management processes and metrics.
- Correct employees’ work conditions.
- Resolve critical supplier problems.
- Prevent recurring errors, rework and lost time.
Simplify, Streamline, Standardize
FarLook’s processes and tools helps management to:
- See and then gauge the better opportunities.
- Make more informed and timely decisions.
- Motivate employees to support change.
- Reduce waste and eliminate avoidable costs.
- Minimize non-value-added activities.
- Question the status quo and innovate.
Maximizing Asset Performance
Operations are the recurring activities that produce value for the stakeholders -
suppliers, employees, customers, the owners and others.
These activities can include
projects, processing, manufacturing, fabrication, maintenance, distribution, transportation,
services and others.
Consistent, Better, Sustainable
The objective is to manage a consistent flow of goods or services that adds value
for customers.
A company’s competitive position, growth and net profitability are improved:
- By achieving consistently higher and quicker rates of throughput from its assets;
- According to safe, ethical work practices;
- In an environmentally responsible manner;
- At the required level of quality; and,
- At the lowest total economic cost.
High-performance
These companies depend on the correct design, execution and optimization of their
supply chains.
Missed and Hidden Opportunities
The major sources (root causes) of customer dissatisfaction, time delays, added costs,
waste and reduced net profitability can usually be traced to:
- A faulty supply chain network.
- Weak value management process.
- Poor relations with suppliers.
Waste-
- Defects
- Overproduction
- Waiting
- Transportation*
- Inventory
- Motion *
- Extra Processing
- Underutilized Talents
* in the broader sense
business improvement - solution and results
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