Higher inventory levels often disguise underlying problems

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Lean SC Management Assignment questions:

Question 1. What does it mean to say that higher inventory levels often disguise underlying problems? What types of problems does this indicate?

Question 2. What are the main characteristics of a lean supply system? What are the barriers to a lean supply system?

Question 3. What problems does overforecasting demand create within a supply chain? What problems does UNDERforecasting demand create? What can a company do to resolve the problem of forecasting inaccuracy?

Question 4. What are the benefits of calculating the total cost of ownership associated with carrying inventory?

Reference no: EM133530029

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