A company's inventory is one of its most important assets. Inventory can be broken down into four categories -- raw materials, finished product, work in process and supplies. Raw materials are the ...

Generally Accepted Accounting Principles (GAAP) recognize three different types of inventory: raw materials, work-in-process and finished goods. Not every type of business carries all three types of ...

The problem of supplying JIT assembly workstations from a central depot with a goal of minimizing inventory and vehicle requirements is the focus of this paper. To minimize work-in-process inventory, ...

Many of those in supply chain management learned early on the principles of just-in-time (JIT) manufacturing. Inspired by the work of Taiichi Ohno at Toyota Motor Co., the JIT revolution tightly ...