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Peter takes his two nephews, Connor and Alex, out for lunch. They both order chicken nuggets, but Peter cuts 3-year-old Alex's into bite-sized pieces. Six-year-old Connor says, "Alex has more than me!" because Connor has not yet achieved:
Raw Materials
The basic substances or components that are processed or combined to manufacture finished goods.
Work in Process
Inventory that includes all items that are currently being manufactured but are not yet completed products.
Inventory Transportation
The process and cost involved in moving inventory from one location to another, usually from warehouses to retailers or customers.
Point to Point
A communication or transportation method that directly connects two locations without any stops in between.
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