Imventory control helps to answer the following questions:

An objective of this is to minimize total inventory cost while ensuring that adequate inventories exist to meet current demand.

Which of the following are included in the activities of batch production?

Which of the following are included in the documents of batch processing system?

The actual production operations begin when workers obtain raw materials from storekeeping in exchange for materials requisitions. o These materials, as well as the machining and the labor required to manufacture the product, are applied in compliance with the work order. o When the task is complete at a particular work center, the supervisor or other authorized person signs the move ticket, which authorizes the batch to proceed to the next work center.

It transforms input resources such as raw materials, labor and overhead into finished products or services for sale. It exists conceptually in all organizations, including those in service and retail industries.

It consists of specifying materials and operation requirements and production scheduling.

Error messages to signify account mismatch; Password control to prevent unauthorized access to the system; Back up procedures to protect digital files; Multilevel security (roles) to limit access to data files and program modules; automated posting to subsidiary and GL accounts

this specifies the types and quantities of the raw materials and subassemblies used in producing a single unit of finished product. The raw material requirements for an entire batch are determined by multiplying the bill of materials by the number of items in the batch.

Security over distribution of production documents and management reports

produces discrete groups(batches) of products.

What are the common production methods under tradition manufacturing environment?

Work orders, move tickets, and material requisitions

The raw materials requirement for a batch of any given product is the difference between what is needed and what is available in the raw materials inventory. This information comes from the analysis of the inventory on-hand, the sales forecast, engineering specifications, and the bill of materials.

shows the production path that a particular batch of product follows during manufacturing.

Edit controls to detect clerical errors in input data; Check digit for validating account numbers

fabrication of discrete products in accordance with customer specifications

Work orders, cost sheets, move tickets, job tickets, materials requisitions, work in- process records, finished goods inventory file

Inventory control separate from raw materials and finished goods inventory custody; Cost accounting separate from work centers; GL separate from other accounting functions

Supervisor oversee usage of raw materials and timekeeping

Cost accounting function reconciles all costs of production; GL reconciles overall system

draws from bill of materials and route sheets to specify the materials and production for each batch.

creates a homogeneous products through a continuous series of standard procedures

Limit physical access to finished goods, raw materials, and production processes

Which of the following are the 4 basic processes in traditional manufacturing environment?

The master schedule for production run coordinates the production of many different batches. o The schedule is influenced by time constraints, batch size, and specifications derived from bill of materials and route sheets. o The scheduling tasks also produces work orders, move tickets, and materials requisitions for each batch in the production run.

authorizes the storekeeper to release materials to individuals or work centers in the production process. o This document usually specifies only standard quantities

records work done in each work center and authorizes the movement of the job or batch from one work to another.

The inventory control function consists of three main activities:

formal plan and authorization to begin production. This document describes the specific products to be made, the quantities to be produced in each batch, and the manufacturing timetable for starting and completing production.