In the mid-80s, a new way of doing things was sweeping the business world, but not everyone was convinced.
The greatest beneficiary of modest inventories is Wall Street. Getty Images
Jerome Bodmer worked in the purchasing department of Onan Corp., a Minnesota-based company that manufactured industrial generators. Profits were steady, but then a team from McKinsey & Company, a the management consulting firm, showed up and insisted they could be making even more money by reducing the amount of inventory the company kept on hand.
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