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After covering Lean Supply Chains, do we really need inventory?

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After covering Lean Supply Chains, do we really need inventory? respond about inventory requirements needed to run a business. Make sure you check out this http://www.referenceforbusiness.com/management/Int-Loc/Inventory-Types.html Web Links before you attempt to answer this question.

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The expert examines after covering lean supply chain, do we need inventory.

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INVENTORY AND INVENTORY MANAGEMENT: AN ANALYSIS OF IMPORTANCE

Inventories may be categorized as good-in-process and finished goods. Both categories require a company to commit a certain level of investment because it would mean cost.
The following are basically the functions:
1. To cope with production requirements.
2. To ensure that production operations will work as planned, in terms of target date and target ...

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  • Master in Business Administration, Saint Mary's University
  • Doctor of Philosophy in Education, University of the Philippines
  • Doctor in Business Adminstration (IP), Polytechnic University of the Philippines
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