The Shady Farm Milk Company can process milk at a fixed rate of 7500 gallons/hour.The company’s clients request 100,000 gallons of milk over the course of one day. Thisdemand is spread out uniformly from 8 a.m. to 6 p.m. The company starts producing at8 a.m. and continues to work until all of the demand has been satisfied. At noon, howmany gallons of milk are in the queue to be processed?

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A:

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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.