PPT-Chapter 20: INVENTORY MANAGEMENT

LO201 Explain how inventory is used and understand what it costs LO202 Analyze how different inventory control systems work LO203 Analyze inventory using the Pareto principle McGrawHillIrwin. Sparkling wines are made all over the world, but true cham­pagne is only made in the cham­pagne region of France. The grapes used are Chardonnay,Pinot Noir and Pinot munier. And 57375en 57375ere Were None meets the standard for Range of Reading and Level of Text Complexity for grade 8 Its structure pacing and universal appeal make it an appropriate reading choice for reluctant readers 57375e book also o57373ers students Inventory Objective Value. . Last Month’s Earnings: $60,000.00. Divide by Last Month’s Number of Operational Days: . 30. Equals (Average Daily Earnings): $ 2,000.00. PowerPoint presentation to accompany . Heizer and Render . Operations Management, 10e . Principles of Operations Management, 8e. PowerPoint slides by Jeff Heyl. Outline. The . Importance of Inventory. © 2016 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website in whole or in part.. This chapter focuses on revenue-and inventory-related financial statement frauds. Specifically, it focuses on identifying financial statement fraud exposures. While doing this, it is important to focus on transactions and accounts that are affected by and correspond with the potential frauds. . 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 . Chapter 13. Learning Objectives. Define the term . inventory. List the different . types of inventory. Describe the main . functions of inventory. Discuss the main . requirements for effective inventory management. 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. . 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 Tibben-Lembke. Purposes of Inventory. Meet anticipated demand. Demand variability. Supply variability. Decouple production & distribution. permits constant production quantities. Take advantage of quantity discounts. Introduction. Scientific inventory management. Mathematical model describes system behavior. Goal: optimal inventory policy with respect to the model. Computerized information processing system maintains inventory level records. 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. . 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.