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Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127

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BuyFindarrow_forward

Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127
Textbook Problem

Why is inventory management and control important to the manufacturing and production processes?

Summary Introduction

To determine: The importance of inventory management and control to the manufacturing and production process.

Introduction:

Accounting Information System (AIS) is said to be the specialized subsystem of the Information System (IS). AIS can be used in the business events for the purpose of collecting, processing, and reporting the financial information.

Explanation

Determine the importance of inventory management and control to the manufacturing and production processes:

Inventory management is the process of ordering, storing and using inventory of the company such as raw material, components, and finished goods. It governs the flow of goods from manufacturers to the warehouse and to the point of sale...

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