home
contact
site map
my account
Process Inventory is a term mainly referred to the tools, materials and equipment involved into a process. Process inventory means a complete set of tangible resources which are to be possessed by an organization for successful accomplishment a business process. The inventory includes any fixed assets regularly utilized in a process:
- Ones which are capable to function during the prolonged periods of time (for example units of fixed machinery that is durable enough to work out its resource during years);
- Liquid assets that have a fast turnover speed, such as raw materials which are to be allocated for needs of a process every new turn and are irrevocably transformed into ready products;
It is necessary for an organization to keep accurate tracking upon the process inventory:
- Control acquiring, delivery, stocking up and further ongoing allocation of liquid resources (raw materials inventory);
- Calculate and track depreciation of the tangible inventory, such as tools and fixed equipment. Control and mitigate their wear and tear level to prevent process upsets and maintain safety;
- Work-in-Process (WIP) inventory: resources which are already taken into the process, but aren’t yet fully converted into the ready products;
|
| |||
 |
|
 |
VIP Task Manager |
home
contact
site map
my account