Seven Wastes

Definition: the Seven Wastes is a key concept within the Toyota Production System and Lean Manufacturing and Total Quality Management philosophies.
The main objectives of TPS are to design out overburden (muri) and inconsistency (mura), and to eliminate the seven categories or types of waste (muda):
1. Transportation
2. Inventory
3. Motion
4. Waiting
5. Over-production
6. Over-processing
7. Defects.
Together these 7 form the acronym TIMWOOD.
An 8th source of waste is under-utilized Skills (TIMWOODS).

Learn more about the Seven Wastes

More on manufacturing: 5 Whys, Changeover, Contract Manufacturing, Cradle to Cradle, Experience Curve, more...

You may also like: Full-time MBA, Executive MBA, Executive Education, Online MBA.

MBA Brief offers concise, yet precise definitions of concepts, methods and models as taught in a study Master of Business Administration.

We like to keep things short, and provide links to learn more about your subject.

Add MBA Brief to your desktop / iPad