Unformatted text preview: subassemblies that are currently in the production process. Safety-stock inventory- Is set so that inventory is maintained to satisfy some maximum level of demand. Exists to counter uncertainties within supply and demand; extra goods of inventory carried as protection against possible shortfalls. Seasonal inventory- Inventory that is accumulated to meet some periodic increase in demand or to meet the shortfall caused by erratic production. Reference: Operations & Supply Management, Jacobs, Chase & Aquilano, Chapter 17, Page 547 http://www.businessdictionary.com/definition/work-in-process.html http://en.wikipedia.org/wiki/Safety_stock http://www.businessdictionary.com/definition/anticipation-stock.html...
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This note was uploaded on 08/24/2011 for the course MGMT 375 taught by Professor Martinbrennan during the Summer '10 term at Park.
- Summer '10