What's inventory, rejection control, material management

Question

Accepted Answer

Inventory, rejection control, and material management are essential aspects of production engineering.

Inventory refers to the stock of raw materials, work-in-progress, and finished goods that a company holds for production and sales.
Rejection control involves implementing measures to minimize the rejection of defective products during the manufacturing process.
Material management includes planning, sourcing, purchasing, storing, and controlling materials used in production.
Effective inventory management can help reduce costs and improve production efficiency.
Examples of rejection control measures include quality control inspections and process improvements.
Material management strategies may include Just-In-Time (JIT) inventory systems and vendor-managed inventory.

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