Final answer:
Overproduction is a Lean concept that refers to producing more than what is needed, resulting in waste and inefficiency. Examples of overproduction include a bakery producing more bread than the demand and a clothing manufacturer producing excess inventory.
Step-by-step explanation:
Overproduction is a Lean concept that refers to producing more than what is needed, which can lead to waste and inefficiency. An example of overproduction in daily life is when a bakery produces more bread than there is demand, resulting in unsold and wasted products. Another example is when a clothing manufacturer produces excess inventory that ends up occupying warehouse space and tying up capital.