Don’t get bog down by these words.. like VMI... As discussed in my earlier blog let’s refresh our understanding on inventory. All the material which is not getting processed on the machine ie not directly in production cycle is all...
Don’t get bog down by these words.. Inventory management.. In my last blog I’ve explained you about what is inventory. We have also seen that inventory is nothing but the undesired cash blocked in a business cycle. So lesser the...
Don’t get bog down by these words.. Inventory.. All the material which is not getting processed on the machine ie not directly in production cycle is all inventory only. This then covers material in Raw material stores, material under inspection,...