3 Production Inventory
Manufacture of a product involves various processes on a component or input item. Production inventory refers to the manufactured component or product. Innovation efforts are also included along with other aspects of the manufactured inventory. In order to link the innovation concept and an associated cost with the production inventory, it is necessary to understand the manufacture in the present discussion.
3.1 Manufacture
Resources are consumed in the manufacture of a product, as shown in Figure 3.1, where the types of resources are numerous.
These resources might include the production ...
