8 Types of Waste – Part 1

Information isn’t the gap between failure and success—action is. Path for Growth’s 1-on-1 coaching helps you create a plan and execute on what matters most for your business. Apply today at pathforgrowth.com/coaching.If you want to reduce waste in your business, you need to practice identifying and naming that waste. In this episode, we continue our series with Path for Growth COO Zack Estes about operational excellence. Alex and Zack break down the first 3 of 8 types of waste. They also share some valuable insights about maintaining a healthy attitude toward waste and continuing to stay focused on service.  Today we’re continuing our series on operational excellence with our COO Zack (0:41) Waste is much easier to fix if you know what to look for (1:52) If it’s not efficient, then it’s not effective (2:34) Continuous improvement and respect for people are 2 reins you need to balance (6:43) The 8 types of waste are represented by the acronym “DOWNTIME” (8:21) Why is it valuable to understand the types of waste? How to maintain a healthy attitude toward waste (11:19) 1. Defects (20:36) 2. Overproduction (24:25) 3. Waiting (30:24) Focus on service and delivering value (40:37)  Helpful Links and ResourcesPath for Growth MembershipPath for Growth One-on-One CoachingSign up for the Worth It Wednesday EmailLearn more about the 2023 Path for Growth Experience – Leading LeadersDownload the Free Reading GuideJoin Path for Growth on Instagram for more content. If you’re ready to move beyond just gathering information and start executing on what truly matters, Path for Growth’s 1-on-1 coaching can help. Apply now at pathforgrowth.com/coaching.