waste on the production line will result in an unfavorable materials price variance. This is a true statement.
The term "waste" in the context of production does not imply garbage or that anything should be discarded. Waste is defined as anything that does not benefit the client in some way. The company must do all possible to reduce waste in their production process.
The term "waste" in lean manufacturing refers to any action that does not add value for the client. Waste is essentially any extraneous step in the production process that does not benefit the client and that they do not want to pay for.
To know more about waste on the production line:
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