SCM 300 Study Guide - Midterm Guide: Johnson Controls, Walmart, E-Procurement
Document Summary
Inventory is an expense, yet it is a required cost of doing business. In order to satisfy customer expectations inventory is a requirement. This module discussed the different types of inventory and the physical and mental processes that need to be considered in developing an inventory policy. In order to develop an appropriate level of inventory supply it is required that you understand demand. Why are the japanese faster: japanese cars are seen as durable, reliable and high in quality. Why: why does toyota divide components into two categories, explain the benefits of honda"s best practices program to both honda suppliers and. Part 1: introduction to inventory slides 02-16, 53. Know all of the key terms on slide 02. Inventory classifications - we discussed numerous ways to classify inventory. Be sure you know these classifications, understand their definitions, can you identify where they are on a supply chain illustration, and also be able to provide examples of each inventory classification.
