1. Will organizations ever get to the point where they will no longer need inventories? Why or why not? Provide in detail your answer with back up references to support your answer.
2. The Merger and Acquisition department of a global bank has been experiencing a very stable workload over the last few years. On average, the department completes 75 deals per year and has 11 active deals at any point in time. What is the average deal completion time?
3. What elements of lean systems would be most troublesome for manufacturers to implement? Why? Be detail and elaborate.