Waste is the careless, unnecessary, useless, and improper spending of time, money, energy, heat, material, labor, and other assets without getting full value and often getting nothing in return. What is wasted is usually lost forever. Eliminating waste is a very effective way to save and economize. It is extremely important that everyone be aware of and stop waste whenever he sees it happening, or report it to the proper person so that necessary action can be taken. Waste helps no one and many times is the cause for lack of raises, layoffs, and the closing down of companies.
Questions for Reflection:
Where do you see waste?
How can this be fixed?
Can you calculate how much this waste costs the company, and employees in salary?