Operations and Supply Chain Management (Mcgraw-hill Education)
Operations and Supply Chain Management (Mcgraw-hill Education)
15th Edition
ISBN: 9781259666100
Author: F. Robert Jacobs, Richard B Chase
Publisher: McGraw-Hill Education
Question
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Chapter 14, Problem 1DQ
Summary Introduction

To determine: Whether it is possible to achieve zero inventories.

Inventory management: Inventory management is the method of ordering, storing, and utilizing a company’s inventory.

Expert Solution & Answer
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Explanation of Solution

Determine whether it is possible to achieve zero inventories:

Zero inventory is the challenging goal for most of the organizations. As there is always a time between the requisition of good and the actual delivery, inventories would always exist. The goal of achieving zero inventories help to understand the concept of lean and it is a reference point to remember the improvement process that is on-going.

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