Supply Chain Management supports both actual cost (first in, first out last in, first out moving average and periodic weighted average) and standard cost methods. The production process is typically influenced by the cost accounting and inventory valuation methods that are chosen for a specific production process. This integration supports the information flow that is required to complete the manufacturing of a finished item. The Production control module is linked to other modules, such as Product information management, Inventory management, General ledger, Warehouse management, Project accounting, and Organization administration. Different types of products require different manufacturing processes. As each step is completed, the production order, batch order, or kanban shows a change in the production status. Each step in the life cycle requires different kinds of information to complete the process. It ends with a finished, manufactured item that is ready for either a customer or another phase of production. The life cycle begins with the creation of the production order, batch order, or kanban. The production of products, a process that is also known as the production life cycle, follows specific steps that are required to complete the manufacture of an item. It describes the various stages of production orders, batch orders, and kanbans, from order creation to closing of the financial period. This article gives an overview of the production processes.
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