Kategoriak: All - planning - visibility - management - production

arabera Carlos Carmona 6 years ago

200

TYPES OF INVENTORY

Effective inventory management is crucial for businesses to maintain customer satisfaction and operational efficiency. It involves understanding the different types of inventory, including work in process, finished goods, service inventory, and raw materials.

TYPES OF INVENTORY

TYPES OF INVENTORY

THE FIVE SUPPLY INVENTARY

businesses funtion due to many variables. Customer satisfation is agreeably the most important; without customers there exists no business. So what is needed to demand to create demand, you ..

 

the retail supply chain management. for warehouse distribution and factory suppliers it is important to learm the five types the inventory before you lose product or customers.

funcion de negocios debido a muchas variables

TRANSPORTATION

A supply train of different inventories connected by transportation is the traditional definition of a supply chain, although this has changed now though. talk to an accountant about the product in transt and he or she will let you know that the products are in the books or or in the books of your trading partners

SERVICE INVENTORY

Service inventory , distribution inventory barely holds a candle compared to the difficulties of service industry, on of most difficult of the five types of inventoy. Crucial to business, service inventory needs proper management. Global mandates such as recycling and energy regulation need to be managed.

FINISHED GOODS

This type of inventory is usually controlled by your distributor or by your warehouese. For companies that have many distributors of their product it is important for them to know how much of their product is on the market. especially when in the case of car manufacturers. It is hard to manufacture for multiple distrtibutors when there is not visibiliy of your finished goods.

WORK IN PROCESS

the second type the inventory is composed of the goods currently being produced in your or a contract manufaturer"s company. because many company used to overlook this element, enterprise resourse planning systems have been implemented to completely track all goods, those even being converted from raw to prodution, to accuarately track profits and assist planing of future raw material purchases.

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RAW MATERIAL

Raw material are import for obvious reason such as the production of goods. the raw goods are what comes from your suppliers and their suppliers. If you do not have a system in place that grant visibility of raw material, you cannot accurately gauge what you will produce over the nex quarter or year

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