The Problem with Programs
All of the programs described in this chapter were introduced with great fanfare, and there are solid statistics to demonstrate that each of them has succeeded in reducing inventories and accelerating the flow of goods across the chain. These glowing reviews are bolstered by continuing reports in the business press about the remarkable economies produced over the past two decades through the relentless reduction of inventory. There's just one problem with these impressive results: They may not be real. Last year, a team of researchers at Ohio State University conducted a comprehensive analysis of the inventory levels reported by U.S. corporations over the past 20 years, and they reached a startling conclusion: The Great ...
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