According to Jeffery Liker’s book, The Toyota Way, it’s estimated that most business processes are 90% waste and 10% value-added work. Value-added activities in a process are considered those that ...

What does it mean when something is non-value-added? When you look at a process, how do you know whether it’s the right ...

What is the Time Value Matrix? The Time Value Matrix is a method for categorizing tasks based on their value and impact on your business. It divides tasks into four categories: A, B, C, and D. Each ...

Value adds transform products, making them unique and allowing higher pricing. A strong value add creates a competitive advantage and market differentiation. Investors should assess companies' value ...

Do you know the “value add” of each repair activity? Do you know which repair activities are needlessly repeated? To clarify that second question, consider the following example. Toby was a set-up man ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. Innovation is vital to any successful business, but it can be challenging to achieve. Nearly ...

When vendors launch the latest iteration of a channel programme, they often claim to be rewarding partners that deliver real commitment and value-add – but, as many can attest, that’s not easy and can ...