PPT-Inventory Management Operations Management

Dr Ron TibbenLembke Purposes of Inventory Meet anticipated demand Demand variability Supply variability Decouple production amp distribution permits constant production quantities Take advantage of quantity discounts. 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.. Chapter 15. MIS 373: Basic Operations Management. Learning Objectives. After this lecture, students will be able to . Explain the terms supply chain and . logistics. Discuss the importance of supply chain management. 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. This module discusses periodic vs. perpetual systems, inventory position, quantity to order, time between orders, target inventory, lead times, reorder point and . safety stock.. Authors: Stu James and Robert . 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 . for Maintenance . Operations. July 14, 2014. prepared by:. Brian Savoie. Vice President. . HIGH PERFORMANCE CONCEPTS, . INC.. . 151 Village Parkway • Building 6 • Marietta, GA 30067 . Phone: 770-859-0161 • Fax: 770-859-0191 • www.hpcinc.com. 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. . Industrial Technology Management . Programme. Faculty . of . Technology. Objectives / Outcomes. At the end of this . chapter, students should . be able to:. Understand industrial logistics management concept. Operations Research . Operations Research revolves around :. What are the decision . alternatives. ? . Under what . restrictions. is the decision taken . What is an appropriate . objective criterion . 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. . Home inventory management is difficult for everyone because we use thousands
of products in our daily life. So, no one can remember the purchase date, expiry
date, and warranty/guarantee detail. But, don’t worry, the “my stuff organizer” app
is here to solve all your Home Inventory related problems. 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. Due to so many products used in a kitchen, kitchen inventory management is a
very difficult task. it’s not possible to remember the stock of all products with
details of the expiry date etc. Athletics. . Ireland. Athletics Ireland is the National Governing Body for athletics in Ireland. Our primary objective is to promote and develop the sport at every level from recreational running and school’s competitions through to supporting...