In the Lean Approach, Inventories Are Reduced Gradually, Instead of Eliminating

question 9

True/False

In the lean approach, inventories are reduced gradually, instead of eliminating inventories as rapidly as possible.

---

Definitions:

Supply Chain

The interconnected network of entities involved in the production, handling, and distribution of goods or services from manufacturers to consumers.

Supply Chain Surplus

The total value created throughout the supply chain, calculated as the difference between the value of the final product to the end consumer and the costs incurred in bringing the product to market.

Commodity Products

Fundamental products utilized in trade that can be exchanged with other products of a similar kind.

Maximize Revenue

A strategy or approach aimed at increasing the total income generated from sales of goods or services, before any expenses are subtracted.