Industrial Engineering and Production Management
Inventory control in production, planning and control aims at

Acceptable customer service at low capital investment in inventory
Ensuring against market fluctuations
Achieving optimization
Discounts allowed in bulk purchase

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Industrial Engineering and Production Management
Travel charts provide

An idea of the flow of materials at various stages
An approximate estimate of the handling which must be done at a particular station
A compact estimate of the handling which must be done between various work sections
The information for changes required in rearranging material handling equipment

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