Many manufacturers rely on outdated approaches to establishing and achieving performance targets — and never reach their true potential. Most performance improvement initiatives are too focused on current problems rather than long-term objectives that drive sustainable success, performance improvement goals are too limited and budget-based, and performance improvement teams are too fixated on a single, large-scale issue.
Instead of being overwhelmed by the total, consider a method that examines all company processes and identifies and prioritizes them as opportunities that generate the greatest gains and lead to breakthrough performance improvements — zero loss thinking. When a company starts identifying activities that contribute to losses, they can identify and guide improvement efforts. This April, we have partnered with the Association of Manufacturing Excellence for a webinar focusing on Zero Loss Thinking. In this webinar, we’ll discuss a new way of thinking that highlights total losses and challenges what’s possible.