TIM WOOD is Waste for Operations | Within Walking Distance | WWD14
Channel: impi!
Date: 13/10/2022

Waste is work that doesn’t add any value to the product or service. 
TIM WOOD is a mnemonic for the main 7 wastes found in operations.

T  stands for Transport
I for Inventory
M for Motion
W for Waiting
O for overproduction
The other O for Over Processing
And D is for correction of Defects

Seeing waste and eliminating it enable processes to deliver better quality, faster and cheaper. Less strain is puton the team member and the equipment.  
Elimination of waste is one of the key characteristics of Lean.

Definition of 7 wastes by the Lean Enterprise Institute: https://www.lean.org/lexicon-terms/seven-wastes/
WWD6 on "What is Lean?": https://youtu.be/KlqEP0srESc