8
Becoming Aware of Your Inventory and Using Pull Systems
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.
Inventory Awareness and MRP
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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