Businesses use a variety of inventories as they service their customers. These include raw materials, work in progress and finished goods inventory for manufacturers or merchandise inventory for ...

When a business purchases items for inventory, the business may pay different prices for the inventory items. This price differential can apply to both different inventory items and the same inventory ...

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For the past decade or more, that edict has been a key driving force in manufacturing management. Inventory ties up capital, and carrying excess inventory is expensive. In the U.S., inventory-carrying ...