Question: Using the following concepts, describe using an example your understanding of each one of them. 6. Inventory The wastes of inventory and overproduction go hand

Using the following concepts, describe using an example your understanding of each one of them.

6. Inventory The wastes of inventory and overproduction go hand in hand. If a product is over produced, it has to be stored somewhere, tying up space and requiring additional tracking and management. Depending on where the inventory is stored, it can also lead to wasted transportation and motion. Besides the obvious idea of unsold products sitting in a warehouse, the waste of inventory can be found in lots of places: YOUR EXAMPLE: EXPLANATION:

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