I have just learned this mnemonic to remind the eight kinds of waste defined in Lean Six Sigma: “TIM WOODS”.
T Transport: Moving people, products & information
I Inventory: Storing parts, pieces, documentation ahead of requirements
M Motion: Bending, turning, reaching, lifting
W Waiting: For parts, information, instructions, equipment
O Overproduction: Making more than is immediately required
O Over processing: Tighter tolerances or higher grade materials than are necessary
D Defects: Rework, scrap, incorrect documentation
S Skills: Under utilizing capabilities, delegating tasks with inadequate training