8 Types of Waste – Part 1

Want a clearer picture of what’s working in your business—and what needs attention? Take the free 12 Fundamentals Assessment for a personalized score and your clearest next step: 12fundamentals.comIf 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. Not sure where to start? Describe what’s happening in your business or team, then explore 400+ practical resources to help you take the next right step: resources.pathforgrowth.com