l. Scheduling. An activity that uses time and resources to determine when different products have access to processes (or when and how many setups must be done) and how much will be produced. 2. Moving. An activity that uses time and resources to move materials, work in process, and finished goods from one department to another 3. Waiting. An activity in which materials or work in process use time and resources b waiting on the next process. 4. Inspecting. An activity in which time and resources are spent ensuring that the product meets specifications. 5. Storing. An activity that uses time and resources while a good or material is held in inventory None of these activities adds any value for the customer. Scheduling, for example, is not necessary if the company has learned how to produce on demand. Similarly inspecting would not be necessary if the product is produced correctly the first time. The challenge of activity analysis is to find ways to produce the good without using any of these activities.