“To me an unnecessary action, or shot, or casualty, was not only waste but sin.”
T.E. Lawrence (1888 – 1935)
The real-life “Lawrence of Arabia”
Last week I built a wood shed in my back yard. It’s nothing extravagant and only holds about a cord of wood. As I started building I realized that I had not adequately drawn out my plans.
The result: Wasted materials and wasted time.
It’s fine now. I got it put together and ready for our first cord for the winter. However, I could have saved myself about 30% of the time I spent building it and saved myself 20% on materials. I also have some materials left over that I know can be good for something besides burning it to heat my home.
Every day, businesses waste time and materials. Material lost between product and sale in accounting terms is called “shrinkage”. (By the way – this is not the same shrinkage Seinfeld joked about.)
After completing a project or a batch – look around at what is left over. Create a plan to reduce the waste.
If your business is about service, how can you complete it more quickly?