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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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Please refer to the attached file for the response.

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 ...

Solution Summary

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

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