BizSugar.com › Strategy › 5 Lean Inventory Principles: Ending Inventory Waste - Wasp Buzz

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.