Waste cutting vs. Cost cutting
Cost cutting is a silo-based strategy - it is resource oriented approach versus value creation, or relationship building orientation.
All waste has a cost associated with it but not all costs are wasteful.
This means that all efforts to reduce or eliminate waste will cut the right costs, costs that generate no value. Waste reduction will not cut into the 'muscle' of the organization and make it less fit. Waste reduction is the path to becoming Boundless.