The chief executive officer (CEO) of Platnum Inc. has just returned from a management seminar describing the benefits of the just-in-time philosophy. The CEO issued the following statement after returning from the conference:
This company will become a just-in-time manufacturing company. Presently, we have too much inventory. To become just-in-time, we need to eliminate the excess inventory. Therefore, I want all employees to begin reducing inventories until we are just-in-time. Thank you for your cooperation.
How would you respond to the CEO’s statement?