1 Describe the effect of an aviationaerospace productionserv

1.    Describe the effect of an aviation/aerospace production/service layout design with the use of real time inventory techniques.

Solution

Inventory management techniques :

Defination : Real time inventory management is also known as Just in TIme iventory . It involves in managing the raw materials that are useful by the company to manufacture its end product. Maintaining a detailed look n the inventory and monitoring it periodically , inventory management stays as a assest to the company. If not looked after peoperly it can cause severe damages to the economic conditions of the firm.

Strategy of good inventory mangament techniques :

Advantages of Real time inventory management :

Important functions of real time inventory management techniques :