Decouple stages using inventory at intermediate point.Each stage behaves individually different.RM passes through series of production & assembly workstations.Example – Consumer durables, restaurants.In peak season( festivals, holidays etc) demand increases.Inventory kept to meet fluctuations in demand because of seasonality.To minimize costs resulting from obtaining and holding inventory.Process of managing inventory so that maximum benefit can be derived from it.Estimate future sales, add some buffer amount.Method & procedures to determine inventory amount.Inventory is to be maintained as per order.Constant supply of raw materials, consumables, supplies is required.Inventory level is to be maintained throughout year.Demand for FG in regular and consistent.Maintenance, repair, and operational (MRO) inventory (Supplies) – Oils, lubricants, coolants, uniforms, gloves, packing material, tools, nuts, bolts, screws. Distribution inventory – Inventory in transit.
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