What is waste management?

Waste in an organization can take many forms. It can be an overt waste of:

  • Budget funds (e.g. equipment that is purchased, but is never used).
  • Skilled resources (e.g. a product that staff dedicated eight months of their time to, which did not meet the needs of the marketplace).
  • Available time (e.g. staff spending three months developing a discussion paper, leaving them only one month to act on the resulting decision).

Or it can be a much more subtle waste of finances, skilled resources and available time by having:

  • Products and services that are ‘over-delivered’ to provide more than the target audience needed (or even wanted).
  • Employees who are in a ‘holding pattern,’ waiting on input ...

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