Lean Inventory

Lean inventory refers to a strategy aimed at minimizing excess stock while ensuring enough products are available to meet customer demand. The goal is to reduce waste, such as overproduction and storage costs, by aligning inventory levels closely with actual sales. This approach emphasizes efficiency, improving cash flow, and enhancing responsiveness to market changes. Companies adopting lean inventory practices often use methods like just-in-time (JIT) delivery to ensure they receive goods only when needed, balancing supply and demand effectively without holding large amounts of inventory.