Within every type of organization the processes of work will result in waste.
Valuable resources can be wasted in a number of ways, including:
■ misuse – used for a purpose for which they were not designed, resulting in inefficiency and shortages for their intended purpose
■ extravagance – where a resource is being consumed even though it is not necessary in order to achieve objectives
■ scrap – items left over as a result of a production process which cannot be readily used elsewhere
used as a euphemism for ‘theft’), where it deteriorates in quality over time, or simply becomes obsolescent.