Is it possible to achieve zero inventories

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What is inbound logistics. What is supply chain management. What is supply chain engineering. What is a balanced scorecard. It acts as one of the goals of the just-in-time inventory management system, and in fact, both the terms are used interchangeably. The firm can enjoy the reduced costs wasted in storing the goods and can use the same for other business activities.

That will help the company shift the focus to business expansion or extension rather than wasting time on inventory forecasting and scheduling. The warehouses where the company stores its inventory and finished goods can be utilized for other purposes or can even be rented out to ensure that the firm makes extra money with the existing resources.

Zero inventory has its own set of potential risks. For example, in an unexpected production plan, the firm might not get immediate stock which upsets the whole supply chain management. The prices quoted by the suppliers in the short term are generally high, which might add extra costs to the company. Is it possible to achieve zero inventories? Why or why not? Do you need an answer to a question different from the above?

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