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Role and function of the inventory types

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Describe the role and function of each inventory type that exists within the supply chain (raw materials, components, work-in-process, semi-finished goods, and finished goods).

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The solution examines the roles and functions of inventory types.

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1. raw materials-these are what is used to make the components that will be the finished goods. These can be rubber used to make tires; wool to make a sweater, etc. These start the process and are critical to the success of the final product. If these raw materials are not quality or are not in adequate supply, this will negatively affect the finished ...

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