Lean inventory management is a philosophy derived from the Toyota Production System of the 1940s. The car manufacturer developed the system to eliminate waste and inefficiency in their manufacturing environment. Due to both its successful implementation and positive financial impact, this methodology has gained popularity in all manner of business. Consider applying these five, lean inventory principles to your small business as a way to eliminate inventory waste.

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Comments


Written by jeremyestes
83 days ago

Toyota kills it when it comes to inventory production, and was a great example for this article.



Written by bryanenglish
83 days ago

More small business' should consider adopting lean principles to get a step up on their competitors.



Written by adrianoarwin
83 days ago

I agree with you Bryan, especially ow a days company should be able to come up with new ideas to stand out from their competitors.



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