[Video Material] Materials, work-in-progress, finished goods. In what state should inventory be held?
I will answer the question, 'At what stage should we hold inventory?'
"The inventory amount doesn't seem to decrease." "On the other hand, there are products that are always in short supply." When managing inventory, the challenges never end. What kind of mindset should one have when conducting inventory management in the manufacturing industry? In this video, we explain the basics of inventory management, specifically at which stage—raw materials, work-in-progress, or finished goods—inventory should be held.
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Gas appliances, air conditioning equipment, medical devices, semiconductor-related items, etc.