The Dreaded Hidden Factory

(Reprint from my LinkedIn Post Sept. 6, 2016)

It's that time of year, when work is slow and the company winds down for the year, taking inventory, conducting machine maintenance, shoring up infrastructure, and determining its "hidden factory."

What exactly is the “hidden factory”?

Simply defined, a hidden factory consists of any cost associated with waste, defects, and rework when companies sweep their problems underneath a carpet and pretend that they don't exist.