There are different types of waste in the Six Sigma terminology.One of the primary goals of the Lean Six Sigma project management methodology is the elimination and reduction of waste.
These seven types of waste are:
Overproduction - occurs when a product is made without a buyer
Waiting - occurs when a product sits in waiting for processing
Transport - occurs when a product is moved to many different places
Inventory - occurs when a product is stored and it costs money
Over-processing - occurs when a step in the process is unnecessary or redundant
Motion - occurs when people move excessively
Defects - occurs when an error in the process occurs
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Visualization is the tool which is used in Lean Thinking to remove non value adding activities.All non value adding activities are a waste in Lean.
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