Open Secrets
Empowering Value Chain Know-How
It provides recommendations on how to deal with problems in the value chain that are difficult to solve.
Production and Inventory
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A continuous improvement culture protects waste throughout the manufacturing process
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Currently, 2.1 billion metric tons of waste are produced annually worldwide from manufacturing processes and 13.5% of today's waste is recycled. It is estimated to increase to 3.4 billion metric tons by 2050.
40% of waste generated worldwide is not managed properly. A culture of continuous improvement can turn waste into clear profits by increasing adaptability, productivity, and reducing the number of errors your business makes. Major businesses around the world have been trying to reduce the total cost and waste across their supply chain to remain competitive in the expanding global market. A culture of continuous improvement is vital for decreasing costs and waste and for providing effective services for customer demands. The impact of a culture of continuous improvement on manufacturing processes cannot be ignored. It enables companies' supply chains to be more flexible and more profitable.
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