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PPC Lecture9 Project Management Notes

Inventory refers to the stock or store of goods held by an organization. The type of inventory is determined by demand, which can be classified as independent (uncertain customer demand for finished products) or dependent (certain demand for necessary parts to assemble a finished good).

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PPC Lecture9 Project Management Notes

Inventory refers to the stock or store of goods held by an organization. The type of inventory is determined by demand, which can be classified as independent (uncertain customer demand for finished products) or dependent (certain demand for necessary parts to assemble a finished good).

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fofw
Copyright
© All Rights Reserved
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INVENTORY DEFINITIONS

- It’s the stock or store of goods.


PPC: Inventory Management (Lecture 8)
- Demand determines the type of inventory an
organization will carry.
o Independent Demand: customer demand
for finished products. It’s UNCERTAIN
o Dependent Demand: necessary parts to
assemble a finished good. IT’S CERTAIN.

INVENTORY DEFINITIONS

- It’s the stock or store of goods.


- Demand determines the type of inventory an
organization will carry.
o Independent Demand: customer demand
for finished products. It’s UNCERTAIN
o Dependent Demand: necessary parts to
assemble a finished good. IT’S CERTAIN.

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