Why is inventory management and control important to the manufacturing and production processes?
Question:
Why is inventory management and control important to the manufacturing and production processes?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
Inventory management and control play a crucial role in the manufacturing and production processes for several reasons Optimizing Working Capital Effi...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Accounting Information Systems
ISBN: 9780538469319
9th Edition
Authors: Pat Wheeler, Ulric J Gelinas, Richard B Dull
Question Posted:
Students also viewed these Business questions
-
Read the following production planning paper and summarize it: Introduction A good production plan is the foundation of success in any production firm. Production planning is a rather complicated...
-
Introduction In 2010, New United Motor Manufacturing, Inc., a unique and highly successful joint venture between Americas General Motors and Japans Toyota, went out of business. NUMMI, as the...
-
Harley-Davidson: Preparing for the Next Century There are very few products that are so exciting that people will tattoo your logo on their body. Richard Teerlink, Retired CEO, Harley-Davidson In...
-
Suppose that the Medicare rate of hospital reimbursement is reduced. Explain why the costs may not be shifted to other patients in the short run.
-
The effective stresses at failure for three identical triaxial specimens of an over-consolidated clay are shown in Fig. P13.49. Plot the Mohr circles at failure and determine ' and c'. Determine the...
-
The three pin-connected members shown in the top view support a downward force of 60 lb at G. If only vertical forces are supported at the connections B,C,E and at the pad supports A, D, F, determine...
-
A study was conducted to investigate the relationship between severe headaches and being left- or right-handed. (Incidentally, Lisa Kudrow, who played Phoebe Buffay on the hit sitcom "Friends," is an...
-
RBC Financial Group provides personal and commercial banking, wealth management services, insurance, corporate and investment banking, and transaction processing services on a global basis. On March...
-
a ) Three 0 . 3 0 0 - kg billiard balls are placed on a table at the corners of a right triangle, as shown in photo. Find the net gravitational force on the cue ball ( designated as m 1 ) resulting...
-
How would a company gain (short term) from a fraudulent overstatement of inventories?
-
What are the key processes, data, and data flows in the cost accounting system for variance analysis of a manufacturer that uses a standard cost system?
-
What are the advantages of using the swap curve as a benchmark of interest rates relative to a government bond yield curve?
-
Describe the ethical dilemma you were facing. Apply the process for making an ethical decision to the dilemma, ensuring you include each step in the process. Does the solution you arrived at when...
-
1. How different communities of parents from different countries (immigrants) who have their children enrolled in public schools in the United States can feel motivated to learn how to use the Parent...
-
What is the Project Deliverables/Outcomes of food festival? Give an explanation of the outcomes of your festival - What to expect from the festival? Describe and outline the main food festival...
-
Discuss how does a Phase Gate/Stage Gate process mitigate the potential risks in the product development cycle, use a specific example to demonstrate your understanding of the process.
-
Should Harper Lee's 'To Kill a Mockingbird" be banned in middle schools and high schools? Why or Why not?
-
Table 118 identifies twenty-six steps in project planning and control. Below is a description of each of the twenty-six steps. Using this information, fill in columns 1 and 2 (column 2 is a group...
-
Use the information given about the angles and to find the exact value of: (a) sin( + ) (b) cos( + ) (c) sin( - ) (d) tan ( + ) (e) sin(2) (f) cos (2) (g) sin /2 (h) cos/2 cos = 4/5, 0 < < /2; cos =...
-
Redraw the appropriate part of Figure, assuming a lockbox system is used. Also, prepare a lower-level DFD for the cash receipts process, using the same assumption.
-
Redraw the appropriate part of Figure, assuming a lockbox system is used. Also, prepare a lower-level DFD for the cash receipts process, using the same assumption.
-
The following is a list of six control plans from this chapter or from Chapters 9 and 10. Control Plans A. Prenumbered checks B. Confirm customer accounts regularly C. Confirm input acceptance D....
-
Match each function to its graph. Put the letter of your choice below the graph. [A] absolute value function [D] cube function [B] identity function [E] square function [C] square root function [F]...
-
Find the elasticity of output per unit of effective labor on the balanced growth path y* with respect of rate of population growth, n if production function is given as Y(t) = K(t)0.3 (A(t)L(t))0.7...
-
How do emergent forms of organizational structures, like holacracy or networked organizations, challenge traditional paradigms and foster dynamic collaboration and creativity?
Study smarter with the SolutionInn App