Types of Inventory – depending on specific purpose
•Cyclic inventory – regular production or purchase in batches
•Safety stock – safeguard against uncertainty of demand & supply
s – manage mismatch or independent operations among departments, decision making units
•Anticipation inventory – seasonal stock, speculation stock
•Pipeline inventory – in-transit inventory ( inventory-on-order), work-in-process inventory
•Dead stock – non-moving, obsolete items
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