Lean Inventory Management

1. Why do you think lean inventory management can decrease transportation, capital expenses, and inventory storage?

2. List some products in your personal or family "inventory." How do you manage them? (For instance, do you constantly run to the store for milk? Do you throw out a lot of milk because of spoilage?) How can lean inventory change your way of managing these SKUs?

3. Identify a goods-producing or service-providing organization and discuss how it might make aggregate planning decisions.

4. Provide an argument for or against adopting a chase strategy for a major airline call center.