"When I joined the company 30 years ago one of the first jobs I was give to do was make ten 3" valve plates. We sold the last one 6 years ago, it was rusted to rot. Actually I think it took us about 4 years to sell the first one."
Over production is called the worst of the 7 wastes because it in itself will cause all 6 other wastes. For many Alberta companies the cause of over production is the unreliability and lack of co-operation within their supply chain. Parts and material are frequently not delivered on time. From my experience the oil and gas industry has some of the worst supply chain practices I have come across. So to cover these problems more stock has to be kept in stock. Which adds to prices and also adds to more batch ordering which itself can contribute further to supply chain issues.
How to escape is another question. There are two things companies can do. The first is be open and honest with their customers, at least then their customers can make a good decision. The second is be reliable themselves. The more reliable in delivery a company can be then the more confidence the customer can have. Two small steps that together can make a big difference.