Daniel is a recently recruited graduate trainee at a reputed firm. In his first week of the

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Daniel is a recently recruited graduate trainee at a reputed firm. In his first week of the job, Daniel got an assignment on streamlining the company’s production process to develop a more cost-efficient production and product management process. After doing some investigations, Daniel identified that the company is currently producing products in bulk quantities, and many of the products are being stored in the company’s warehouse for several months before distributing them to the market. This has resulted in not only increased warehouse costs and product obsoletion costs but also increased complexity in inventory valuation. As part of his assignment, Daniel needs to report to his manager, Chandra, how the company’s overall production process and product management system can be made more cost-efficient. Imagine yourself as Daniel and write down your responses.