THE EIGHT WASTES
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The eight wastes in business are detrimental to both productivity and employee well-being. The eight different types of wastes are:
1. Transportation: Unnecessary movement of materials or products.
2. Inventory: Excess stock that ties up resources and capital.
3. Motion: Unneeded actions or movements of people and machines.
4. Waiting: Idle time due to delays or inefficiencies.
5. Extra-Processing: Adding more value than customers require.
6. Overproduction: Making more than needed, leading to waste.
7. Defects: Errors that cause rework, scrap, or customer dissatisfaction.
8. Non-Utilized Talent: Not utilizing employee ideas and skills.
In essence, the eight wastes not only hinder productivity but also create an environment that affects the well-being, motivation, and satisfaction of employees, ultimately hampering overall organizational success.
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