Which of the following is an example of waste that lean management aims to eliminate?

Lean management focuses on identifying and eliminating waste within an organization to enhance efficiency and value. One of the key types of waste that lean management aims to eliminate is excess inventory. Excess inventory ties up valuable resources, such as space and capital, and can lead to increased handling and storage costs. It can also result in waste if products become obsolete or deteriorate over time. By reducing excess inventory, businesses can streamline processes, reduce costs, and improve overall responsiveness to customer demand.

In contrast, employee development, customer satisfaction, and product innovation are not considered waste in lean management. These elements are crucial for maintaining competitiveness, fostering a productive workplace, and meeting customer needs. Lean principles encourage the efficient use of resources but recognize that employee development and innovation are important investments that can lead to long-term success.