What functions (purposes) do these inventories perform

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Differentiate between and apply inventory management systems methods and concepts

Prompt:

Identify the different types of inventories (raw materials, work in process, and finished goods) carried in the following organizations: gas station, hamburger stand, clothing store, and machine shop. What functions (purposes) do these inventories perform?

Instructions: Your initial reply to the forum question should be posted no later than Thursday midnight and should include a minimum of 275 words. Additionally, you are to respond to a minimum of two fellow students with a posting containing over 150 words. Your original post should incorporate concepts and materials you have researched and learned this week. Please include a minimum of one attribution for an internet resource to support your findings in addition to a citation from your textbook. These postings are research-based and should be based on what you learned in addition to your own experiences and insights. Opinions are allowed, however they should not constitute the majority of the initial forum posting. Please note for all Forum postings where an author is quoted or paraphrased, there should be an attribution to the source or sources placed at the bottom of the forum posting.

Reference no: EM132598217

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