PPT-Chapter 20: INVENTORY MANAGEMENT

Author : lian | Published Date : 2024-11-20

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

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Chapter 20: INVENTORY MANAGEMENT: Transcript

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. “Every management mistake ends up in inventory.”. Michael C. Bergerac. Former Chief Executive. Revlon, Inc.. 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 . Title V Emissions Inventory . SPARS Training – Site Management. Site Management Training - Host & Presenter. Kevin Connolly – SPARS Administrator. Site Management Training - SPARS Website. SPARS Website: . 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. 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. 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. 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. 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). 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. . 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. Objectives. Importance. Functions of material management. Purchasing- Meaning. Objectives. Purchasing procedure. Store keeping –Meaning. Objectives. Functions. . JIT. Material Management- Meaning. Module Six: . . Global Inventory Management. 1. Presentation Agenda. Inventory management defined. Strategic considerations for I.M.. Operational activities. Economic Order Quantity & Period Order Quantity. Chapter 9 Procurement. Dr Tony Wild. Figure 9.1 Kraljic's Matrix. Unimportant Important. Importance to Customer. Importance to Customer. Unimportant Important. . . . . .

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