Schools of Business Administration, University of California, Berkeley, California 94720 and Manalytics, Incorporated, 625 Third Street, San Francisco, California 94107
Schools of Business Administration, University of California, Berkeley, California 94720 and Manalytics, Incorporated, 625 Third Street, San Francisco, California 94107
The problems of US industry are not those of inventory levels but those of “a failure of managerial competence (in production)” (to use the words of E. S. Buffa). It is the superior production systems that allow inventory reductions, and not the other way around.
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