8 Types of Waste – Part 2

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.comWaste can take many forms in an organization, and you have to be able to recognize it in order to reduce it. In this episode, Alex and Zack wrap up their four-part series on operational excellence by breaking down 5 additional types of waste within a business. They share practical tips for utilizing talent to maximize value, reducing unnecessary commitments, and producing the right amount of inventory.  Today we’re wrapping up our 4-part series on value and waste with our COO Zack (0:47) When you name waste, it’s much easier to categorize and then reduce it (1:14) The first three types of waste are defect, overproduction, and waiting (2:24) 4. Non-utilized talent (4:34) Plan for things to go wrong and build a culture where people know how to respond (9:54) 5. Transportation (16:01) 6. Inventory (24:11) 7. Motion (30:38) 8. Excess processing (38:32) Be strategic about the commitments you make (43:12) 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.Try out our Executive Membership 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