Process Waste Level
2 July 2021
Process Waste Level is an indicator of the extent to which a company’s processes are lean and effective.
Measuring the waste depends on the metrics used for each waste type, but usually consists of simple counting or measuring.
This indicator is included in the book: Key Performance Indicators – the 75+ measures every manager needs to know, which contains an in-depth description of this KPI, as well as practical advice on data collection, calculations, target setting, and actual usage.
How Mercedes-Benz Uses Virtual And Augmented Reality to Sell Cars, Train Staff, And Create New Customer Experiences
As the manufacturer of some of the world’s most sophisticated cars, as well as a champion in the world of motorsports, Mercedes-Benz is no slouch when it comes to cutting-edge technology.[...]
How AI Is Helping Us Create A More Sustainable Future
Climate change is an existential threat, but AI might be our secret weapon against its most destructive impacts. Read on to find out how AI is transforming our approach to renewable energy, carbon capture, policy development, and more.[...]
The Hot New Job That Pays Six Figures: AI Prompt Engineering
Back in 2017, a report by Dell Technologies and the Institute Of The Future stated that 85% of the jobs that will exist in 2030 haven’t been invented yet.[...]
Explainable AI: Challenges And Opportunities In Developing Transparent Machine Learning Models
One of the biggest problems with artificial intelligence (AI) is that it’s very difficult for us to understand how it works – it’s just too complicated![...]
15 Amazing Real-World Applications Of AI Everyone Should Know About
Artificial intelligence (AI) is no longer a buzzword; it has become an integral part of our lives, influencing every aspect of society in ways we could only dream of just a few years ago.[...]
Here’s What The Future Of The Internet Will Look Like
It's difficult to predict exactly what the future internet will look like because new technology is evolving so quickly — but there is no doubt that the newest iteration of the web will transform virtually every part of our economy and society.[...]
- Get updates straight to your inbox
- Join my 1 million newsletter subscribers
- Never miss any new content