The average inventory in a process is the average number of units that are inside the process at any time.

Name: The average inventory in a process is the average number of units that are inside the process at any time.
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Quizplus · Accepted Answer

The statement is true. The average inventory in a process is the average amount of inventory that is present in the system over a specific period of time. It is calculated by dividing the total value of inventory by the number of days in the period.

The Average Inventory in a Process Is the Average Number