The balanced scorecard approach attempts to maintain as little inventory on hand as possible.

Name: The balanced scorecard approach attempts to maintain as little inventory on hand as possible.
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The balanced scorecard approach is a strategic management tool that uses multiple performance indicators to measure and manage an organization's performance. It does not specifically aim to reduce inventory levels, although inventory management may be one of the areas that it addresses.

The Balanced Scorecard Approach Attempts to Maintain as Little Inventory