And this eighth type of waste is Unexploded Knowledge of your staff. The people who are working if you 2
are not utilizing them. 3
That is a big waste because for any organization people are the biggest asset. 4
And if you are not able to use that asset properly then you're wasting that resource. So this waste 5
comes when you fail to use the knowledge or the talent of each employee. 6
Each individual have their own skill level. 7
Each individual have their own strengths and weaknesses. 8
Organizations need to understand how they can best utilize the strength of each of their employees by 9
empowering them, by removing that atmosphere where people fear to share their knowledge, fear to share 10
their strengths, organization need to do all those things where people can come up and help organization in 11
achieving the objective. 12
So this is eighth type of waste. 13
So with this we completed our discussion on three broad categories of waste, these wastes were Muda 14
which wasn't non-value activities, Mura which was unevenness and Muri which was excessive stress 15
on people or machine. 16
But then within Muda which was non value added activities we had seven or let's say eight types of wastes. 17
So we looked at those eight types of wastes as well and these wastes had an acronym which was TIMWOOD. 18
T for Transportation, I for Inventory,M for Motion, W Waiting. 19
And those two O's for Overproduction and Overprocessing and D for Defects and then the eighth type of waste 20
which was Unexploited Knowledge of staff. 21
So with this we complete our discussion on types of wastes go through that see where you have waste in your 22
own 23
work process, identifying these wastes can definitely help your organization in reducing or removing these 24
waste from the system. 25
And that way you can give better value to your customer.