Why We Should Think about Cost Benefit Analysis in Different Way?
How many time have you witnessed still unformed idea quickly killed with question, “Is there a financial benefit to that?” How the Misuse of Cost Benefit Analysis Affected Your Lean/Improvement Journey? Please share your thoughts and experience in this article! Read here on LinkedIn List of Recommended Books that Will Develop Your Career! My Amazon Page
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ReplyDeleteLean is a philosophy, not a method. It's more akin to a philosophical discussion. Its primary goal is to provide "value" to the user, rather than to eliminate waste. You need to bring flow to processes in order to produce value, and you need to detect and reduce wastes or NVAs between activities in order to provide flow. After then, a Pull system may be required to enable just-in-time production or processing.