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an acronym identifying the seven types of waste in the lean six sigma methodology. Transportation, Inventory, Motion, Waiting, Overproduction, Overprocessing, Defects.
Many companies have now added an additional letter to the acronym - the letter R. TRIM WOOD - the R stands for Resource waste - this would include human and non-human, such as undersutilizing a highly skilled individual in a low skill job, or leaving a machine on that is not being used.
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