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The suggestions made in this report are addressing the inventory process. Results are based on research of Riordan’s current inventory process. The current inventory process is currently broken into three parts: raw materials receiving, manufacturing with inventory, and final product shipping. The three sub-processes where analyzed for efficiency. An article published by the National Institute of Standards and Technology estimates that total annual costs of inadequacies in supply chain infrastructures to be about 1.2% of the value of shipments for a given industry (RTI International, 2004, p...
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