The document discusses the eight deadly wastes that companies aim to eliminate through lean thinking. It defines each of the eight wastes as: transportation, inventory, motion, waiting, over-processing, over-production, defects, and unused skills. Eliminating these wastes ultimately saves organizations time and money by removing non-value added activities from processes. The eight wastes come in various forms within operations and administrative functions, from excess movement of materials and people to producing more than is needed or having unused skills.