Supply Chain Management Professional (SCMP) · Question
What is the primary objective of 'lean inventory management'?
Lean inventory management focuses on reducing waste in all forms, including excess inventory, to improve efficiency and reduce costs.
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Question: What is the primary objective of 'lean inventory management'?
Answer options:
- To maximize inventory levels to prevent stockouts. ✅ To minimize waste and optimize inventory levels.
- To increase the variety of products available.
- To outsource all inventory storage to third parties.
Correct answer: To minimize waste and optimize inventory levels.
Explanation: Lean inventory management focuses on reducing waste in all forms, including excess inventory, to improve efficiency and reduce costs.
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