ABSTRACT
Waste is, ‘an unnecessary or wrong use of money, substances, time, energy, abilities, and so on.’ Any activity that produces waste or erodes value to the customer is a non-value add. The most common view of waste refers to the eight wastes taught in traditional Lean or Six Sigma programs. The eight wastes consist of several attributes such as defects or errors, producing more than the customer's needs, waiting, non-utilized talent, wasted motion, excessive inventory, transportation and extra-processing. With time, the organization evolved into a master training site. Thus, many dozen top leaders successfully completed Lean and/or Six Sigma courses. This chapter details few practical examples of waste and how organization's risk scored their waste. The first step is for leaders and change agents to identify organizational waste. Next, leaders must consider the impact of waste and its disruption potential. Finally, the tool assesses waste based on benefit potential and risk level overall.
