Overproduction

Overproduction is defined as any type of production that is more than needed or before it's needed.

Waiting for materials, machines

The waste of waiting includes:  1) people waiting on material or equipment and  2) idle equipment. Waiting time is often caused by unevenness in the production 

Transportation 

Waste in transportation includes movement of people, tools, inventory, equipment, or products further than necessary

Excessive inventory

More inventory than necessary to sustain a steady flow of work can lead to problems including: product defects or damage materials, greater lead time in the production process

Inefficient machine processing and/or operation

Over-processing refers to doing more work, adding more components, or having more steps in a product or service than what is required by the customer.

Producing defects

 This typically results in either reworking or scrapping  product. Both results are wasteful as they add additional costs to the operations without delivering  value to the customer.

Unnecessary movement

The waste in motion includes any unnecessary movement of people, equipment, or machinery. This includes walking, lifting, reaching, bending, stretching, and moving.

Skills - The 8th Waste

The 8th waste is also described as the waste of unused human talent and ingenuity.