In an article by Becker’s Hospital Review, August 2010, three different types of

Question

In an article by Becker’s Hospital Review, August 2010, three different types of waste: 1. Medical staff members perform duties below their credentials. Hospitals are unaware of the real rate of supply and device utilization. 3. Inadequate patient communication causes more readmissions. These types of waste results in organizations losing serious resources. Are you aware of any of this happening in your organization? If yes please state them, if not research the issue and provided explanation. http://www.beckershospitalreview.com/hospital-management-administration/3-ways-hospitals-unintentionally-waste-money.html

Explanation / Answer

I work in a Steel company which sells various types of industrial steels like Stainless Steel, Steel Sheets and Bars of various grades. There are same kind of wastages the organization faces on daily basis stated below-

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