Asked by
Mickala Weisner
on Nov 17, 2024
Verified
Reducing wait time is directly linked to reducing inventory.
Reducing Wait Time
Strategies and measures implemented to decrease the amount of time customers or users wait for service or product delivery.
Reducing Inventory
The process of decreasing the amount of goods on hand, often to improve cash flow or reduce storage costs.
- Gain insights into the contribution of inventory to the effectiveness of lean manufacturing.
- Understand the importance of lead times in lean manufacturing and the methods for their reduction.
Verified Answer
MV
Learning Objectives
- Gain insights into the contribution of inventory to the effectiveness of lean manufacturing.
- Understand the importance of lead times in lean manufacturing and the methods for their reduction.