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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.
An Electric Company estimates its demand trend line (in millions of kilowatt hours) to be D = 79 + 0.52 Q, where Q refers to the sequential quarter number and Q=1 for winter 2000.
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