What are the various managing inventory tools, Operation Management

Assignment Help:

Q. What are the various managing inventory tools?

Raw material

Materials and elements used to assemble or manufacture finished goods.

Work-in-progress

Incomplete finished goods as like finished goods that require more work before that they can be sold to customers.

Finished goods

Completely or wholly manufactured goods ready for sale.

Consumables

Disposable elements or materials used for the production as like lubricants or cleaning material for disposable, machines equipment or tools.


Related Discussions:- What are the various managing inventory tools

Linear programming model, You are manger of a bakery, where only pizza's ar...

You are manger of a bakery, where only pizza's are baked. For this purpose,you purchse flour at a rate of Rs.4/kg. It is notices that in a week at most five pizza's can be sold. At

Explain type of organization structure face and why, Under what conditions ...

Under what conditions are customer-centric structures appropriate and what challenges does this type of organization structure face and why?

Explain what conflicts might you anticipate, As CEO of Ashford Medical Cent...

As CEO of Ashford Medical Center, the Board has authorized you to work with the Medical Director, the Chief of Staff, and Medical Staff in the development of an exciting new progra

Explain challenges in leading a multi-generational workforce, Challenges in...

Challenges in leading a multi-generational and/or multi-cultural workforces: Need a complete summary for the listed assignment, references. Please at least one page of information

Simulation problem, neater eater hamburger joints frequency distribution op...

neater eater hamburger joints frequency distribution operation research problem

Value driven approach , Value Driven Approach The second approach is a...

Value Driven Approach The second approach is a value drive approach to operations management. The value driven approach starts by recognizing that a business is a set of proce

What are the benefits of an erp system, 1. Does the JIT philosophy incorpor...

1. Does the JIT philosophy incorporate the calculation of EOQ?  2. What is the difference between MRP and ERP?  3. Why would a company implement an MRP system?  4. What ar

What the cafeteria should use, A cafeteria wants to introduce a new burger,...

A cafeteria wants to introduce a new burger, with bread and beef together weighing at least 1 ounce. The cafeteria manage also wants the new burger to meet a new nutrition standard

Explain what quinn refers to as the managerial classic trap, 1. Explain wha...

1. Explain what Quinn refers to as the managerial 'classic trap' in strategy formulation.  Answer: Quinn (1988) criticises those who see strategy formulation and implementation

What is operations strategy, What is operations strategy? Operations ...

What is operations strategy? Operations strategy: According to Slack and Lewis the definition operations strategy: The total pattern of decisions that shape the long

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd