Lean Inventory System

Lean Inventory System

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Descriptions

    • Inventory refers to the stock of materials, supplies, spare parts, and other inputs that are necessary to support operations. These items are normally carried on stock (i.e., available on hand whenever needed). Inventory Planning and Control is that branch of Materials Management that ensures that users will have the inputs with the appropriate quality in the right quantity at the right place at the time when they are needed. The other two branches are Procurement and Warehouse Management.

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