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Q. Explain about the managing inventory.
Managing inventory (stock):
Retailers buy stock or inventory and sell that to customers; that manufacturers buy raw material and elements, manufacturing or assembling goods and after that selling such finished goods downstream for example, later into the supply chain, in the direction of the ultimate customer or consumer.
Explain how you woul eliminate waste through flexible processes
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Fixed-position layout This configuration is typically used for low-volume, project-type operations where the product being produced is massive, and movement of the material f
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