1.What term refers to the optimization of value-adding activities and the elimination of non–value-adding activities that are part of a value stream? 2. List at least four of the seven prominent types...

non–value-adding activities that are part of a value stream? 2. List at least four of the seven prominent types of waste that should be eliminated from the supply chain. 3. What lean concept relates to eliminating non–value-added steps and waste in product storage processes?