TIMWOODS sounds like a name that can do you no harm whatsoever! Guess again, this is the direct opposite of that. The TIMWOODS we’ll be talking about in today’s posts can eat up your business Naira by Naira, Dollar by Dollar and Euro by Euro.
I am talking about the 8 dangerous wastes found in businesses today; and each of them have their unique dangers and consequences when left unattended to in your business.
The aim of today’s post is to create an awareness of these wastes and help you identify them in your business. Identifying is the first step; resolving is the next; but in today’s post we’ll be focusing on identifying TIMWOODS.
T – Transport waste– Moving people, products & information
I – Inventory waste– Storing parts, pieces, documentation ahead of requirements
M – Motion waste– Bending, turning, reaching, lifting
W – Waiting waste– For parts, information, instructions, equipment
O – Over production waste– Making more than is IMMEDIATELY required
O – Over processing waste– Tighter tolerances or higher grade materials than are necessary
D – Defects waste– Rework, scrap, incorrect documentation
S – Skills waste– Under utilizing capabilities, delegating tasks with inadequate training
How can you identify these wastes in your business?
Two words! Process Mapping; all that we have said regarding business productivity cannot be achieved except first, by mapping out your processes.
What’s Process Mapping or Process Modelling?
Process Mapping is the practice of mapping your business processes from start to finish. Of course, technically, it is much more than this when you involve all the technical jargon.
Process mapping, unlike bottlenecks, are more effective when spoken of or done in regards to the sum of your business process. We used an example of a restaurant to explain this by saying a restaurant’s business is to sell food and create an experience –this is the sum of all other sub-processes like but food materials, prepare food materials, clean restaurant and so on.
For process mapping to be effective, you need to take every single process into account; from ordering of raw materials or products to selling to your end user, and you can go further by including your customer retention tactics.
How do I map my processes?
Easy! For an SME or start up business, as much as a pen and paper would do. You don’t need to, at this stage, get into the different type of flowcharts, diagrams, boxes and so on, just map out the processes.
- Know your product / service.
- Identify the first and last things that happen from you receiving your product to selling it.
- Identify and map out every other process in between.
For the bigger enterprises, same thing applies, except you may need business process modelling solutions because of the complexity of your business processes.
So, now you know this, go ahead and map put your processes, find and identify the legitimate bottlenecks (read post on Bottleneck here), link what kind of waste it is that is occurring in the bottleneck and see how you can reduce the waste.
Of course, if this is still too complicated for you, you can always contact Ya’ats Advisory Services via our contact page on our website. We can help you!
For more advice and tips on today’s post, you can contact us via the contact us page.
You can also contact us regarding questions about any other ICT in Business related problems.
We are Ya’ats Advisory Services and we’re here to bring customer satisfaction your way.