Waste is a negative factor for cost, deadlines and resources. It provides no value to products or services
Reduce Waste
1.
Improved quality allows companies to stay competitive and meet the changing needs and wants of customers
Improve Quality
2.
Overproduction or having more materials than is required creates storage costs, which can be reduced through better processes and materials management
Reduce Costs
3.
Wasting time with inefficient working practices is a waste of money too, while more efficient practices create shorter lead times and allow for goods and services to be delivered faster