Wastages

Wastages:

In every organization there are wastages which lead to the reduction in Productivity and eventually lose in competition. In Operations Management wastages are broadly classified into seven types:

1.      Over Production:

Over production leads to excess inventory which is a waste in terms of money and time.

2.      Waiting:

Shortage of resources leads to delay in manufacturing which is a waste in terms of Time and money because if the machine is idle it’s a loss to the company.

 3.      Transportation:

If the goods are not transported depending upon the demand to the customer at the right time at a right place at a right location its simple waste.

 4.      Wastage in terms of Inventory:

If the inventory are procured in large amounts then it’s a waste in terms of money for storing, Retrieving, Space and Rent for the warehouse.

 5.      Wastage in terms of Processing:

Following the procedures which are unnecessary that does not add value is also waste In terms of time and money.

6.      Motion:

Transportation is related to goods whereas motion related to work force who search for tools, Parts and sometimes approval also a waste which leads to reduction in energy and time loss.

7.      Defects:

Defects itself is a waste. In other words defects are scrap and rework, these defects are detected within the premises and also detected outside the premises. The once which are detected outside incurs more cost and tarnish the reputation of the organization.

 In addition,

Talent can also be termed as a waste since underutilization and overutilization of the workers is also a waste. If the workers are underutilized become lazy with in short span they turn out to be a liability to the company where as if the workers are over utilized, they feel frustrated and leave the organization.