Why Waste?

Waste is an important part of life and its processes.

I. Waste in Nature

Waste is considered to be the by-product of both natural and artificial processes: manufacturing, chemical reactions, and events in biochemical pathways. But how do we distinguish the main products of an activity from its by-products? In industry, we intend to manufacture the former and often get the latter as well. Thus, our intention seems to be the determining factor: main products we want and plan to obtain, by-products are the unfortunate, albeit inevitable outcomes of the process. We strive to maximize the former even as we minimize the latter.

How to Measure Inventory

To measure inventory is an integral part of inventory management. This helps businessmen make wise decisions on production and costs.

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