Forms of Waste
The concept of waste is important to understand for a variety of reasons. Waste is the inefficiencies that exist within a process. Waste consumes valuable resources, and in most cases, it goes unnoticed
Henry Ford and other improvement gurus have said that, “waste is anything that doesn’t add value” or “anything the customer isn’t willing to pay for”. Organization’s that commit to identifying and reducing waste, are in a sense, committing to maximizing value for their customers and for their operators.
To help organizations identify and reduce waste, there are multiple acronyms that have been created to help make recalling the common forms of waste simple. Some of those acronyms include TIMWOOD, DOTWIMP, and DOWNTIME.
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