Emily is making two pizzas at home. For each pizza, she needs to prep the dough and put it into the oven, which takes 8 minutes per pizza. In the oven, the pizza bakes for 6 minutes. Then, Emily takes the pizza out and slices it, which takes 2 minutes. The oven can only hold one pizza

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Inventory Management

The supply chain is crucial to a firm's operations as it manages the inflow and outflow of products that are manufactured from the initial stage to the end product. It also considers the raw materials needed at different stages of production and when the work is in progress. Inventory management functions consist of ordering, storing, and procuring the organization's inventory like raw materials, factors, and finished products. It's also used for controlling the number of products for trade and helps manage the organization's inventory and stock. Inventory Management has been defined as having the right inventory, of the right volume, at the right cost.