What is Waste?

2 minutes
Share the link to this page
Copied
  Completed
You need to have access to the item to view this lesson.
One-time Fee
$49.99
List Price:  $69.99
You save:  $20
€43.10
List Price:  €60.35
You save:  €17.24
£37.75
List Price:  £52.85
You save:  £15.10
CA$69.91
List Price:  CA$97.88
You save:  CA$27.97
A$76.47
List Price:  A$107.06
You save:  A$30.59
S$64.85
List Price:  S$90.80
You save:  S$25.94
HK$389.17
List Price:  HK$544.87
You save:  HK$155.70
CHF 40.13
List Price:  CHF 56.18
You save:  CHF 16.05
NOK kr506.44
List Price:  NOK kr709.06
You save:  NOK kr202.62
DKK kr321.93
List Price:  DKK kr450.73
You save:  DKK kr128.80
NZ$87.18
List Price:  NZ$122.06
You save:  NZ$34.87
د.إ183.58
List Price:  د.إ257.03
You save:  د.إ73.45
৳6,091.37
List Price:  ৳8,528.41
You save:  ৳2,437.03
₹4,466.49
List Price:  ₹6,253.45
You save:  ₹1,786.95
RM206.58
List Price:  RM289.23
You save:  RM82.65
₦72,344.02
List Price:  ₦101,287.42
You save:  ₦28,943.40
₨14,083.27
List Price:  ₨19,717.71
You save:  ₨5,634.43
฿1,598.33
List Price:  ฿2,237.79
You save:  ฿639.46
₺2,123.87
List Price:  ₺2,973.58
You save:  ₺849.71
B$266.70
List Price:  B$373.40
You save:  B$106.70
R855.42
List Price:  R1,197.66
You save:  R342.23
Лв84.27
List Price:  Лв117.98
You save:  Лв33.71
₩73,366.82
List Price:  ₩102,719.42
You save:  ₩29,352.60
₪162.76
List Price:  ₪227.87
You save:  ₪65.11
₱2,931.16
List Price:  ₱4,103.86
You save:  ₱1,172.69
¥7,806.68
List Price:  ¥10,929.98
You save:  ¥3,123.30
MX$914.56
List Price:  MX$1,280.46
You save:  MX$365.90
QR181.68
List Price:  QR254.38
You save:  QR72.69
P713.18
List Price:  P998.51
You save:  P285.33
KSh6,471.20
List Price:  KSh9,060.20
You save:  KSh2,589
E£2,382.02
List Price:  E£3,335.02
You save:  E£953
ብር7,692.63
List Price:  ብር10,770.29
You save:  ብር3,077.66
Kz45,790.84
List Price:  Kz64,110.84
You save:  Kz18,320
CLP$46,394.21
List Price:  CLP$64,955.61
You save:  CLP$18,561.40
CN¥353.69
List Price:  CN¥495.20
You save:  CN¥141.50
RD$3,122.62
List Price:  RD$4,371.92
You save:  RD$1,249.29
DA6,517.14
List Price:  DA9,124.52
You save:  DA2,607.38
FJ$113.53
List Price:  FJ$158.96
You save:  FJ$45.42
Q381.86
List Price:  Q534.64
You save:  Q152.77
GY$10,429
List Price:  GY$14,601.43
You save:  GY$4,172.43
ISK kr6,397.72
List Price:  ISK kr8,957.32
You save:  ISK kr2,559.60
DH462.45
List Price:  DH647.47
You save:  DH185.02
L846.66
List Price:  L1,185.39
You save:  L338.73
ден2,651.75
List Price:  ден3,712.66
You save:  ден1,060.91
MOP$399.80
List Price:  MOP$559.75
You save:  MOP$159.95
N$853.63
List Price:  N$1,195.15
You save:  N$341.52
C$1,834.35
List Price:  C$2,568.24
You save:  C$733.88
रु7,133.41
List Price:  रु9,987.35
You save:  रु2,853.93
S/167.76
List Price:  S/234.88
You save:  S/67.11
K214.25
List Price:  K299.97
You save:  K85.71
SAR187.50
List Price:  SAR262.52
You save:  SAR75.01
ZK1,142.76
List Price:  ZK1,599.96
You save:  ZK457.19
L219.58
List Price:  L307.43
You save:  L87.85
Kč1,040.16
List Price:  Kč1,456.31
You save:  Kč416.15
Ft16,449.20
List Price:  Ft23,030.20
You save:  Ft6,581
SEK kr472.45
List Price:  SEK kr661.47
You save:  SEK kr189.02
ARS$72,304.19
List Price:  ARS$101,231.66
You save:  ARS$28,927.46
Bs344.45
List Price:  Bs482.26
You save:  Bs137.81
COP$186,710.93
List Price:  COP$261,410.25
You save:  COP$74,699.31
₡24,851.68
List Price:  ₡34,794.35
You save:  ₡9,942.66
L1,312.62
List Price:  L1,837.77
You save:  L525.15
₲348,590.99
List Price:  ₲488,055.28
You save:  ₲139,464.29
$U1,981.75
List Price:  $U2,774.61
You save:  $U792.86
zł182.66
List Price:  zł255.75
You save:  zł73.08
Already have an account? Log In

Transcript

Hey everyone, welcome to this lecture, what is waste or muda? Before we jump into defining waste, we have to first understand the basic price. Let's begin. Lean experts define a process tap as value added. If the customer recognizes the value and is willing to pay for it, the process step changes or transforms the product and it is done right the first time. There are some activities that do not change or transform the product or service.

The customer is not willing to pay for these activities. You will call these activities as non value added activities. A classic example is defects causing to rework. The customer expects to pay for the number of hours promised to code the computer program, but does not want to pay the extra time required to fix the bugs caused by errors of the computer programmer. key step in making an organization more lean is the detection and elimination of non value added steps. I have been in the industry for 15 years.

The only thing I have done to effectively search the non value added activities is question everything. Of course, this guideline has to be taken with a pinch of salt. steps that are assumed to be necessary are often filled with opportunities for improvement. Asking the impertinent questions is the key. There are in all eight categories of wastes or muda. This list includes defects, overproduction, waiting, non utilized skills, transportation, inventory, motion, access processing.

Let's discuss Each of these wastes in the next two lectures. Thank you for attending this lecture. See you in the next one.

Sign Up

Share

Share with friends, get 20% off
Invite your friends to LearnDesk learning marketplace. For each purchase they make, you get 20% off (upto $10) on your next purchase.