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Lean Six Sigma Logistics: Strategic Development to Operational Success by Robert Martichenko, Thomas Goldsby

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SECTION 2.

THE LOGISTICS WASTES

  

THE WASTEOF INVENTORY

LOGISTICS AND INVENTORY MANAGEMENT

Logistics is all about managing inventory, whether the inventory is in motion or sitting, whether it is in a raw state, in process, or completed (finished goods). And true to the cliché noted in Chapter 2, which suggests that you cannot make something out of nothing, you must have inventory to sell anything. The promise to serve a customer cannot be extended assuredly unless the product is on hand or can be made available in a timely manner. The challenge comes when customers demand the product NOW and you have to speculate about what they will want, ...

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