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We always talk about Loss & Waste in the workplace, what is the different between Loss AND Waste?

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Question added by Ahmed El Faytoury , Principal Consultant , Competitive Capabilities International (CCI)
Date Posted: 2014/10/03
Hassan Al Shabeeb
by Hassan Al Shabeeb , Leader of indirect procurement and Logistics , Sulzer Saudi Pump Co.

Waste is anything beyond your need,e.g. producing1000 of something when you only need992 or it could be anything that does not contribute to the final product

 

Loss is having lost some parts or amount of products due many reasons as human mistake, environment of the workplace or machine failure... it could also be due to planning

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