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DECISION MAKING SYSTEMS OF INVNETORY MANAGEMENT

DECISION MAKING SYSTEMS OF INVNETORY MANAGEMENT

Paperback (06 Jun 2022)

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Publisher's Synopsis

INTRODUCTION

1.1 Concept of Inventory:


Inventory refers to the physical stock of goods which though remain idle in a store but in a

store but is essential for smooth sailing of the company and hence has economic value. Inventory,

thus includes tools, standard supply items, raw materials, goods in process, and also the

finished goods. Tools include fixtures, dies, patterns, gauges, and hand tools used with machines

and operations; supplies are items such as abrasives, and lubricants used to aid production but do not go

into the product: raw materials and commodities such as steel, lumber, fabric, etc, and

purchased parts such as gears, pistons, etc. that go into the final product: goods in

process are materials that have been partly fabricated but are not as yet completed

and the finished goods are completed

items ready for shipment.


Book information

ISBN: 9788629746080
Publisher: Sambalpur University
Imprint: Sambalpur University
Pub date:
Language: English
Number of pages: 194
Weight: 268g
Height: 229mm
Width: 152mm
Spine width: 10mm