Manage and Measure for Less Waste

September 19, 2013 at 9:50 pm Leave a comment

It seems that what is old is new again.  One of the current trends in management in general is to try and measure more parts of our businesses and life to allow us to manage to a less wasteful existence.

It seems that these folks need to look back at their old college text books as this concept has been around a long time.  Economic Order Quantity and the various inventory models (LIFO and FIFO) anyone?

I suppose that the world may need a refresher course in these ideas, but just because we now have access to BIG DATA doesn’t necessarily make this simpler or easier.  In many ways it may make it harder by requiring new processes to collect and manage the inventory data that don’t actually generate a return on the investment.

I have seen this especially in relation to janitorial supplies which always seem to be a hot button for the accounting department as an example.  Here is a good article that has some positive examples:

GreenBang.com (http://www.greenbang.com/real-time-information-can-shrink-your-waste_25032.html?utm_source=feedly)

So take a look at these and plan your new -old process management accordingly!

As always I thank you for your time and interest. Please take the time to Digg, Stumble Upon or add to the other social network of your choice to help me spread the word about these issues. Please forward any questions or suggestions to: askthefm@gmail.com

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Entry filed under: Planning, Recycling. Tags: , , .

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