LSSGB: What is the definition of Inventory type of waste?

OPTIONS

• Storing parts at other location
• Any supply in excess to process requirements necessary to produce goods or services just-in-time
• Wrong parts in inventory
• Finding and removing defective inventory from the stock

ANSWER

Any supply in excess to process requirements necessary to produce goods or services just-in-time

EXPLANATION

Inventory type of waste refers to any supply in excess to process requirements necessary to produce goods or services just-in-time.