LSSGB: What is more appropriate definition of Non-Value-Add Activity?
OPTIONS
- There is no monetary value involved in activity
- Any activity that does not add any value to the product
- Non-tangible value
- The improvements activities cannot be valued by the organization
ANSWER
Any activity that does not add any value to the product
EXPLANATION
It is defined as any activity which clearly creates no value. It can be removed immediately with minimum or no capital investment, and with no detrimental effect on end value.
