Inventory management is essential to any business, and the term "inventory" refers to more than just products in the manufacturing industry. Any assets that remain unsold or underused generate cost -- whether they are products we have made, equipment we have purchased, or software we have developed. If the cost to retain the asset is higher than any expected profit from that asset, it should be disposed of appropriately. Sometimes eliminating manufactured goods inventory is an emotional issue, since those products represent our time and labor. However, we must assess the value of each asset realistically, and create new products and services that can drive profitability in the future.
More here:
https://global.kyocera.com/inamori/about/thinker/philosophy/words66.html
More here:
https://global.kyocera.com/inamori/about/thinker/philosophy/words66.html
