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How is Inventory Waste Measured and Reduced?

How is inventory measured? Click To Tweet It is quite simple: number of items, space required for storage (count storage units, measure length or volume, calculate storage cost), cost of the items (buying or renting), or any combination of these.

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Buffers. A Special Kind of Inventory Waste

A special kind of inventory are buffers, which you can also call temporary inventory. Dirty clothes are a good example for this type of inventory. You need to collect it, until you have enough to fill the washing machine. So

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How to Reduce Waiting Waste (Exercise)

The first step to reduce waiting waste is to get a useful to-do list. Having an inventory of to-dos in your mind will never allow you to manage it properly. Exercise 14: Make a small list of to-dos, between a

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What is Inventory Waste?

We all possess things, some more, some less. The typical mindset today is that possession equals wealth. Having more things, having bigger things, having more expensive things, having cooler things is what makes you a wealthy person. This mirrors our

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How do You Measure Waiting Waste?

Waiting waste is one of the most prominent and important types of waste. Why? Because waiting reflects the scarcest resources of our lives: time. If we want to reduce spoilt time, we need to reduce waiting waste. Measuring it is

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