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MRPeasy Manufacturing Podcast is an informative weekly program for people working in manufacturing and distribution. For more information about MRPeasy visit www.mrpeasy.com
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Friday Jul 03, 2020
Friday Jul 03, 2020
What is inventory? The answer is obvious. Inventory is everything that is in the warehouse – in pieces, or in money.
It is a list of stock items with their quantities and sums, grouped by an item, by shelf, by lot/batch and including (or excluding) items that are usually procured/sold by the company. Inventory is just one number: the total cost of goods that are currently in stock.
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