Examlex
Which phase of production control determines the amount of all resources needed to produce a certain amount of goods and services?
Raw Material
Basic materials used in the production process, which are transformed into finished goods.
Finished Goods
Units of product that have been completed but not yet sold to customers.
Work in Process
Inventory items that are in the process of being produced but are not yet complete, representing a stage between raw materials and finished goods.
Inventory Levels
The quantity of goods and materials a company holds in stock at a particular time.
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