Faulty products can result in useless materials, waiting for processing leads to more WIP, and unnecessary transportation between working stations or plants also increases inventory. Thus, it seems obvious that eliminating wastes can result in higher inventory turnover, or in other words, a shorter time spent in the form of inventories.
Companies that use LM practices to a greater extent have lower levels of inventory than do companies that use LM practices less. From now on, we call the companies in the first group lean companies and the companies in the second group traditional companies
Indicate degree of the following action programs undertaken over the last three years and planned efforts for the coming three years
following dimensions