Removing waste from processes to increase the value to our customers of a product or service is one of Lean’s fundamental principles.
TIMWOODS is the acronym we use for remembering the eight types of waste.
T is for Transportation, the waste of moving parts or goods from one place to another.
I is for Inventory, the waste of having too much stock of raw or finished material.
M is for Motion, the waste of excessive movement of our bodies or machines causing wear and tear.
W is for Waiting, the waste of waiting for something to happen, usually the previous process step to complete.
O is for Over-Production, the waste of making too many or too much than required by the customer.
O is for Over-Processing, the waste of completing a product with too many features or to too high a standard than required by the customer.
D is for Defects, the waste caused by making errors usually the cost of fixing or reworking the transaction or product.
S is for Skills mis-match, wasting talent by performing tasks not utilising this talent or wasting training when the skills learned are not used.
If you see Tim Woods in your home or workplace, act fast and tackle him!
What wastes do you have? How can you tackle them? Need help? Ask me!