PPT-Inventory Management For

Family Planning FP Commodities 2 Learning Objectives By the end of this overview participants should be able to Describe the main components of inventory management List examples of FP commodities . MANAGEMENT,. LEAN and Finance. John Carrico. What is inventory?. Inventory is anything that is purchased and held (stored) prior to use/need. product on-hand, current asset that has been acquired by cash (or payables) and is yet to be consumed. “Every management mistake ends up in inventory.”. Michael C. Bergerac. Former Chief Executive. Revlon, Inc.. Chapter 13. Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.. You should be able to:. LO 13.1 Define the term . Life of an Asset. Stages of Life. Acquisition. Added to . Inventory. Asset . Management. Disposal. Fixed Asset Definition:. Not consumed in the normal course of business.. Has a useful life that exceeds one year.. After . studying, . you should be able to:. List the key factors that can be varied in a firm's credit policy and understand the trade-off between profitability and costs involved. . Understand how the level of investment in accounts receivable is affected by the firm's credit policies. . Dr. Ron . Lembke. Purposes of Inventory. Meet anticipated demand. Demand variability. Supply variability. Decouple production & distribution. permits constant production quantities. Take advantage of quantity discounts. 1. May 2011. Plant Assets. Land. Buildings. Improvements Other Than Buildings (IOB). Roads, parking, sidewalks. Usually called Infrastructure. Equipment. Both Movable and Fixed. Property Inventory. 2. Dr. Ron Lembke. Two Questions. Two main Inventory Questions:. How much to buy?. When is it time to buy?. Also:. Which products to buy?. From whom?. Types of Inventory. Raw Materials. Subcomponents. Work in progress (WIP). Chapter 18. Supply chain vs. Logistics . Supply chain management. Supply chain management, then, is the active management of supply chain activities to maximize customer value and achieve a sustainable competitive advantage. . Inventory control means having the right product in the right quantity at the right
time. In industry, a lot of products are used for making one product. So, inventory
management is a crucial part of any industry. Small businesses are facing more
difficulty in stock management. “my stuff organizer app” makes it simple. Sul Ross State University . March 2022. Training Segments . Records Inventories. File Plans . State Records Log . The Archival Process. Departmental Preservation Methods . What is a Records Inventory?. Why Implement? Time & $$$!!!. Our old physical inventory process would take all day Friday and Saturday to complete and involved over 250 people. With CISTECH‘s RF Physical Inventory solution we completed our physical inventory in 6 hours... Module Six: . . Global Inventory Management. 1. Presentation Agenda. Inventory management defined. Strategic considerations for I.M.. Operational activities. Economic Order Quantity & Period Order Quantity. LO20–1: . Explain how . inventory is used and understand what it costs.. LO20–2: Analyze how different inventory control systems work.. LO20–3: Analyze inventory using the Pareto principle.. McGraw-Hill/Irwin.