Inventory Control - What are the 4 types of inventory?

Q: What are the 4 types of inventory?

The four types of inventory most commonly used are Raw Materials, Work-In-Progress (WIP), Finished Goods, and Maintenance, Repair, and Overhaul (MRO). When you know the type of inventory you have, you can make better financial decisions for your supply chain.

Answer

Raw materials, work in progress, finished goods, and maintenance, repair, and overhaul are the four most prevalent forms of inventory. You may improve your supply chain's financial decisions by knowing the kind of inventory you have.

Inventory Control - What are the 4 types of inventory?

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