There is a view that all buffers are waste, particularly from some Lean practitioners. “If you see inventory waiting anywhere in a supply chain then it should be reduced to zero”. However, businesses should be Lean not Anorexic and buffers can be used to increase the flow of product and profit.
Project complexity is increasing, particularly in manufacturing, and using project cost as the only indicator of risk is getting less helpful. How then do we take a broader supply chain view when assessing project risk? The definition of risk is different from one business to the next. Also an aggressively competitive business context can make … Read more