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What is the concept of loss in manufacturing?
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In conversations about operational excellence, a question that often arises is: What is a loss? It’s an insightful question, as the concept of loss is also an opportunity. Often referred to as waste, the term underscores a reality: up to 30% of our efforts—whether in materials, time, energy, or resources—don’t generate value. That 30% represents the gap between where you are and where you could be.
Key Highlights:
- Loss is opportunity: Up to 30% of efforts—materials, time, and energy—are often wasted, signaling the gap between current performance and the ideal state.
- Observation drives change: Hidden losses persist because we overlook them. Leaders who model curiosity awaken teams to inefficiencies.
- Turn gaps into value: Identifying and addressing hidden losses leads to sustainable value creation, not just temporary fixes.
Would you like to know more about ways to unlock hidden value in your manufacturing operations?
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