The lean philosophy views inventory as a necessary buffer to protect against process problems.

Lean Philosophy

A management approach focusing on minimizing waste and maximizing value in processes by considering customer value as the primary goal.

Necessary Buffer

A strategic reserve or margin of safety to mitigate risk or unforeseen circumstances, ensuring stability and continuity.

Inventory

The items or goods a business holds for the purpose of sale or production, including raw materials, work-in-progress, and finished goods.