You may not be aware of the 7 forms of waste in the manufacturing industry, first defined by Toyota; but what about banking where manufacturing waste isn’t relevant? In this ebook, we explore 7 areas of waste in banking that occur in the cash inventory management process and how you can identify them to improve your efficiency.
In any industry, waste can be described as inefficiencies in processes. This can range from internal processes like cash ordering to external processes involving customers such as loan origination. In this eBook, we discuss how we’ve applied the basic principles from Toyota’s 7 Wastes of Manufacturing in order to shed light on the 7 Areas of Waste That Are Killing Your Bank’s Efficiency.
Learn about each of the 7 areas of waste in banking and what you can do about it
Find out why it's important to change the way you think about cash
Discover why automation is a game-changer in the banking industry