Finding and reducing waste within your nonprofit is like music to the ears!

"Understanding the Seven Wastes", or "muda" in Japanese, is crucial for any nonprofit looking to have a resilient risk management strategy. These wastes result in unnecessary costs, inefficiencies, and staff demoralization if not addressed systematically.

This valuable resource discusses waste involved with Transport, Inventory, Motion, Waiting, Overproduction, Over-processing, and Defects.

To tackle these wastes, nonprofits should employ strategies like process mapping, continuous improvement, and staff training on lean principles.