Any activity that consumes resources and produces no added value to the product or service a customer receives.
the trait of wasting resources; "a life characterized by thriftlessness and waste"; "the wastefulness of missed opportunities"
a resource in the wrong place
a resource out of place
Anything that uses resources, but does not add real value to the product or service.
Anything we think we no longer have a use for and so throw away
When the relative value of a good is different from that goods marginal cost of production, waste occurs. Goods or resources are wasted when they are allocated to uses which are not the most valuable.