THE LOGISTICS WASTES
THE WASTEOF INVENTORY
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, ...