Losses, waste & cost: connections and visibility

 23/02/2016
By Dr. Alin Posteucă

One of the major challenges of sustaining the continuous improvement culture is visible connections between losses, wasteand process cost level. In this context, what are the most common methods of transforming losses and waste into costs?

Follow all discussion on LinkedIn.

Dr. Alin Posteucă is the founder and CEO of Exegens®, a global consulting firm specializing in operational excellence, cost improvement and business performance improvement. He helps his customers create and implement profitable strategies and cost improvement programs that ensure a unit cost improvement of at least 6% per year for each of the next 5 years by maximizing the efficiency and effectiveness of operations.

He is the author of the Manufacturing Cost Policy Deployment (MCPD) concept published in three books at Productivity Press - Routledge/CRC. The latest, Manufacturing Cost Policy Deployment (MCPD) Profitability Scenarios, centers on his core belief that annual and multiannual target profit can be achieved regardless of the evolution of sales volumes, increasing or decreasing.