A company wants to reduce lead time while minimizing inventory costs. Which of the following approaches is most appropriate to implement?
A company wants to reduce lead time while minimizing inventory costs. Which of the following approaches is most appropriate to implement?
The most appropriate approach to reduce lead time while minimizing inventory costs is to implement Lean methodologies. Lean principles focus on eliminating waste and improving efficiency in processes, which can help streamline operations, reduce unnecessary inventory, and optimize workflows. By adopting Lean practices, a company can effectively balance the need to reduce lead time and minimize inventory costs.
Lean principles focus on eliminating waste and improving efficiency in processes. Lean methodologies aim to streamline operations, reduce unnecessary inventory, and optimize workflows