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Essay text:
The seven types of wastes identified are
1. Overproduction – Waste due to producing before customer requires or more than needed which often hides production problems.
2. Waiting time – Idle time in manufacturing because materials, information, people or equipment are not ready
3. Transportation – Moving the product adds no value but increases the risk of damage and delays.
4. Inventory – Raw materials, WIP and finished goods block up capital and also run the risk of damage, obsolescence.
5. Overprocessing – Complex processing, using of expensive resources which can be reduced, processing beyond user requirements
6...
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