A company wants to reduce lead time while minimizing inventory costs. Which of the following approaches is most appropriate to implement?

Question

Quizplus · Accepted Answer

The Lean approach focuses on reducing lead time by eliminating waste, improving processes and increasing efficiency. This can help to minimize inventory costs as well, by reducing the amount of excess inventory that needs to be held. Make-to-stock, Kaizen blitz, and Six Sigma may also have benefits, but they do not specifically target lead time reduction while minimizing inventory costs.

A Company Wants to Reduce Lead Time While Minimizing Inventory