INVENTORY PLANNING AND
MANAGEMENT
UNIT 9
,INVENTORY
Stock of items used to support production
processes and other activities such as
maintenance and repairs
,TYPES OF INVENTORY
Raw materials
Work in process (WIP) -
Semi finished goods
Finished goods
Spare parts
Utilities (lubricants, fuels)
, Service firms also have inventory
e.g. supermarkets – goods to be sold,
restaurants - food items
MANAGEMENT
UNIT 9
,INVENTORY
Stock of items used to support production
processes and other activities such as
maintenance and repairs
,TYPES OF INVENTORY
Raw materials
Work in process (WIP) -
Semi finished goods
Finished goods
Spare parts
Utilities (lubricants, fuels)
, Service firms also have inventory
e.g. supermarkets – goods to be sold,
restaurants - food items
