Many companies build up their inventory levels to Accommodate for uncertainties in demand Take advantage of economies of scale Accommodate for unreliable suppliers Accommodate for quality issues Accommodate for production and scheduling errors Yet, JIT and Lean Manufacturing philosophies state that...

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Many companies build up their inventory levels to: Accommodate for uncertainties in demand; Take advantage of economies

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Many companies build up their inventory levels to:

Accommodate for uncertainties in demand;
Take advantage of economies of scale;
Accommodate for unreliable suppliers;
Accommodate for quality issues;
Accommodate for production and scheduling errors.

Yet, JIT and Lean Manufacturing philosophies state that inventory is considered waste and should be eliminated as much as possible.

Posted Date: May 18, 2024 09:01 AM

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Many companies build up their inventory levels to: Accommodate for uncertainties in demand; Take advantage of economies

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