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Management Studies

Question: Work-in-process (WIP) inventory is a term that refers to the inventory of components and subassemblies in a manufacturing process. Assuming lot-for-lot scheduling at all levels, theoretically the WIP inventory should be zero. Do you think that this is likely to be the case in a real manufacturing environment? Discuss the possible reasons for large WIP inventories occurring even when an MRP system is used.

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Management Theories, Management Studies

Category:- Management Theories
Reference No.:- M92278128

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