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Regarding the Eight Types of Waste That Must Be Eliminated

question 142

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Regarding the Eight Types of Waste that must be eliminated to implement lean systems, using expensive high precision equipment when a simpler machine would suffice is part of which general waste category?


Definitions:

Quantified In Terms

To describe or express something as a quantity or in numerical terms.

Market Value

The current price at which an asset or service can be bought or sold in a marketplace.

Time Of Sale

The specific moment when a transaction is completed, and ownership of goods or services is transferred from seller to buyer.

Partnership

Two or more physicians that have a legal agreement to share in the total business operation of the practice.

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