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[Infographic] How to Identify and Reduce Risk in Your Production Plan

Lean management is all about finding out what adds the most value to the enterprise by stripping out or reducing everything else. A core tenet of this is the identification and removal of waste.

The manufacturing sector has already gone Lean. It has broadly categorized its seven main different types of value-draining waste, with a view to being wary of and minimizing these to ramp up value to the business in the future. The mnemonic TIMWOOD was created to this end. TIMWOOD describes the various everyday situations in the manufacturing industry in which waste can occur.

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Automic, a leader in business automation, helps enterprises drive competitive advantage by automating their IT factory - from on-premise to the Cloud, Big Data and the Internet of Things.

With offices across North America, Europe and Asia-Pacific, Automic powers over 2,600 customers including Bosch, PSA, BT, Carphone Warehouse, Deutsche Post, Societe Generale, TUI and Swisscom. The company is privately held by EQT. More information can be found at www.automic.com.