8 Types of Waste – Part 2

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Waste can take many forms in an organization, and you have to be able to recognize it in order to reduce it. In this episode, Alex and Zack wrap up their four-part series on operational excellence by breaking down 5 additional types of waste within a business. They share practical tips for utilizing talent to maximize value, reducing unnecessary commitments, and producing the right amount of inventory.

• Today we’re wrapping up our 4-part series on value and waste with our COO Zack (0:47)
• When you name waste, it’s much easier to categorize and then reduce it (1:14)
• The first three types of waste are defect, overproduction, and waiting (2:24)
• 4. Non-utilized talent (4:34)
• Plan for things to go wrong and build a culture where people know how to respond (9:54)
• 5. Transportation (16:01)
• 6. Inventory (24:11)
• 7. Motion (30:38)
• 8. Excess processing (38:32)
• Be strategic about the commitments you make (43:12)

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