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What is Inventory Management in Manufacturing about?

This document discusses inventory management and control. It begins by explaining the flow of materials through production from raw materials to finished goods. The objectives of inventory management are to satisfy customer demands and reduce the risk of late deliveries. Inventories are necessary but aim to be optimized. Different types of inventories are classified including raw materials, work in progress, finished goods, and supplies. Factors that influence inventory management include the type of produc

Author

Amit Bhardwaj

Language

EN