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Cards in this deck (6)
- 1Inventory (stock)Any quantifiable items that is stored and used in an operation to satisfy a customer demand
- 2Inventory managementThe planning and controlling of inventory in order to satisfy a customer demand
- 3Raw materialsEssential ingredients to make a product
- 4Work in process inventoryAlso called semi-finished stock
- 5Finished goods inventoryOnce completed - booked into finished goods stock
Will attract the full amount of raw materials, labour and overhead costs. - 6Cycle inventoryE.g printing , specialist machining, bakery products
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- Flashcards on Untitled, created by Buddug Llyr on 31/01/2016.
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- Buddug Llyr
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