Question
Manufacturers, contract assemblers, and service providers all engage in production processes. The production process also uses resources such as facilities, equipment, knowledge, labor, and capital
Manufacturers, contract assemblers, and service providers all engage in production processes. The production process also uses resources such as facilities, equipment, knowledge, labor, and capital to support the transformation. Feedback of key information is used to make adjustments within the process in an attempt to synchronize production more closely to demand. Ignoring these feedback signals will lead to excess inventory of unpopular products or inventory shortages of hot items. The basic principles of production processes, no two processes are organized exactly alike or perform to the same level.
Discuss and expand on Inventory levels and why they are important, also include the monetary value: What does it matter for the end of year or fiscal year in regards to taxation?
How do we produce goods? What machine types in the food industry? Georgia is huge on Food producing.
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