Identify Value and Waste

Overview

You might be surprised to hear that, in most businesses, often no more than 10% of the entire process is of value to the customer. The remaining 90% adds very little customer required value.

Imagine you could identify and remove all the waste from your business process.

How much value can you add to your business? You will be able to

• reduce costs
• increase capacity
• enable quicker delivery

for your business.

Understanding the difference between value and waste in all business processes is fundamental to making improvements, serving both your customers and your business. It’s a necessary skill for leaders in business.

In this course, you will learn how to differentiate value and waste and how to identify and remove waste in your business.

You will learn the different types of activities – Value adding, Non-value adding and Business value adding.

You will learn the 8 types of wastes within the non-value adding activities.

 The 8 wastes of lean are

1. Defects
2. Overproduction
3. Waiting
4. Non-Utilized Talent
5. Transportation
6. Inventory
7. Motion
8. Extra Processing

Vative academy’s value and the waste course are one of the best and most recognised waste management courses in Australia not only for manufacturing organisations but for companies in any industry.

Learning outcomes

This module will provide you with the skills required to identify improvement opportunities within your business processes.

You will understand how to improve customer value by way of eliminating waste and save time and costs as a result.

Knowing the difference between what is of value and what is pure waste, is foundational to Lean and Continuous Improvement.

Enrol into this module to learn how to identify waste and improvement opportunities.

Level of difficulty

✓ Easy (All Levels)

    Intermediate

    Advanced

Assessment Options

✓ Learning and Statement of Knowledge

 Certification for Skills and Knowledge

How it works

The module contains a range of learning options such as video, interactive, case studies and downloadable resources, templates and tools for application of knowledge.

We recommend you progress your learning through all these resources in this order.

The Learning & Statement of Knowledge assessment option requires you to:

1. study the course content using the video, interactive and case studies
2. complete an examination of 20 questions and achieve 75% or higher

Once you have passed the examination satisfactorily, you will receive a downloadable Statement of Knowledge as a recognition of your understanding.

Pre-requisites

None