Definitions (3)
Related Terms
1. General: (1) Resources consumed by inefficient or non-essential activities. (2) Unwanted material left over from a production process, or output which has no marketable value. (3) Process or material that does not (from the viewpoint of the customer) add value to a good or service. (4) Material discharged to, deposited in, or emitted to an environment in such amount or manner that causes a harmful change.
2. Lean production: Activity that consumes resources but adds no value. Called muda in Japanese, wastes are divided into seven types; (1) Over-production: producing something more than the demand, or before it is needed.
(2) Waiting: for the next process step due to long cycle time. (3) Transport: unnecessary movement of material or parts due to inappropriate location of equipment or machines. (4) Over-processing: processing that adds no value due to poor product design. (5) Excess inventory: collect costs due to poor planning. (6) Unnecessary movement of workers, due to inappropriate tool or work design. (7) Defective product: products that nobody wants.
3. Law: Change or harm (other than normal wear and tear) to land or buildings due to the actions or inactions of the tenant or mortgager for which he or she is liable to the landlord or the mortgagee. It may constitute (1) permanent damage due to intentional act or negligence, (2) failure to maintain and/or repair the property, (3) failure to pay taxes and other statutory charges, (4) failure to comply with mortgage agreement's covenants, or (5) failure to pass on the rent to which the landlord or mortgagee is entitled.

Use 'waste' in a Sentence

You must make sure to properly dispose of all waste that your factories make and not to do any illegal dumping that will harm the environment.
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Each week the garbage company comes around to neighborhoods to collect waste that people have put out in their garbage cans.
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Most kitchen waste usually is typically composed of unwanted, spoiled or excess food that is thrown away as common garbage.
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Notable Quotable

One Perspective on the Black Hole in Business
""It's given new meaning to me of the scientific term black hole." - Time, Inc. CEO Don Logan when asked how much Time Inc. had spent developing its Pathfinder web site"
- Don Logan

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