The main objective of LP is to satisfy customer needs on the highest possible level through the elimination of waste. Some sources of waste are overproduction, faulty products, sub-optimized processes, unnecessary waiting, movement or transportation, and excess inventory
In this paper, we investigate how various contingency factors influence inventory turnover performance, a very important indicator of the success of LP in companies applying lean practices (see e.g., Huson and Nanda, 1995). For this purpose, we formulate the following research questions: