Improving Productivity Through Waste Minimisation (VCE SSCE Business Management): Flashcards
📚Flashcards
Practise the cards
10 cards from this deck
ShowHide
Practise the cards
10 cards from this deck
Waste definition
Waste definition
Activity that doesn't add value for customer
TIMWOODS
TIMWOODS
8 types of waste mnemonic
Transportation waste
Transportation waste
Unnecessary movement of items/info/people
Inventory waste
Inventory waste
Excess stock costs: storage, insurance, obsolescence
Most serious waste type
Most serious waste type
Overproduction (leads to other wastes)
Skills waste
Skills waste
Underutilising employee potential/capabilities
4R principle
4R principle
Reduce, Reuse, Recycle, Recover
Most important R in 4R principle
Most important R in 4R principle
Reduce (prevents waste at source)
Waste minimisation benefit: disposal
Waste minimisation benefit: disposal
Lower fees for collection, transport, disposal
Revenue from waste minimisation
Revenue from waste minimisation
Selling recyclable materials
