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PDF | MITIP2006, 11-12 September, Budapest The study analyses a network of enterprises that cooperate to manufacture end products from raw materials. control' is still at the core of inventory management, but it has been enhanced apics.org American Production and Inventory Control Society. Inventory Management. 7-2 the production process. Continuous production system produces continuous products such as steel and chemical. We'll therefore be focusing mainly on inventory management from a retail perspective Any supply chain hiccup can have large effects on production. With the aid of a flow diagram, give a description of the manufacturing planning and control process. ? Distinguish between long-range, medium-range and Inventories are expandable physical articles held for resale for use in manufacturing a production or for consumption in carrying on business activity such as.storage and use of components that a company uses in the production of the items it sells. A component of supply chain management, inventory management.