The Seven Forms of Waste Include All of the Following

question 40

Multiple Choice

The seven forms of waste include all of the following EXCEPT

• A) overproduction.
• B) waiting time.
• C) inventory.
• D) bottleneck.

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Definitions:

Safety Inventory

Additional stock kept to mitigate the risk of stockouts due to fluctuations in demand or supply lead times.

Cycle Inventory

Inventory that is held or processed in batches, cycling through the production and supply chain processes.

Retailers

Businesses or individuals that purchase goods from manufacturers or wholesalers to sell them directly to consumers.

Safety Inventory

Additional stock that is kept in reserve to protect against stockouts caused by variability in demand or supply.