Work-in-process (WIP)inventory is used ______.
A)as a buffer to increase the chain's flexibility
B)to respond to government requirements
C)to meet ISO standards
D)to be in compliance with good accounting practices

Question

Quizplus · Accepted Answer

Work-in-process inventory is used as a buffer to increase the chain's flexibility. It allows the company to respond quickly to changes in customer demands or unexpected production delays. It also helps to ensure there are no production disruptions due to lack of inventory. While good accounting practices may require the tracking of work-in-process inventory, it is primarily used for operational purposes. ISO standards and government requirements are not directly related to work-in-process inventory.

Work-In-Process (WIP)inventory Is Used ______