March 2020
Intermediate to advanced
224 pages
5h 34m
English
You always want to be aware of the composition and cost of your inventory Different businesses have different inventory structures divided among raw materials, purchased parts, work-in-process, and finished goods (see Figure 8-1). In this chapter, we focus on methods to reduce raw materials, purchased parts, work-in-process and any finished goods inventory.
MRP (material requirements planning) is a just-in-time tool that helps materials arrive just as they are required. It globally ...
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