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Module 8 Inventory Management Module 8 Inventory Management

Module 8 Inventory Management - PowerPoint Presentation

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Module 8 Inventory Management - PPT Presentation

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 ID: 788835

chain supply logistics inventory supply chain inventory logistics management needed stock items health supplies activities amp abc holding system

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Presentation Transcript

Slide1

Module 8

Inventory Management

Chapter 18

Slide2

Supply chain vs. Logistics

Slide3

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.

It represents a conscious effort by the supply chain firms to develop and run supply chains in the most effective & efficient ways possible.

Supply chain activities cover everything from product development, sourcing, production, and logistics, as well as the information systems needed to coordinate these activities.

Focused on supply and inventory

Slide4

Top 10 healthcare supply chain companies

Mayo Clinic

Cardinal Health

Intermountain health care

Owens & Manor

Mercy

CVS Health

McKesson

AmerisourceBergen

Johnson & Johnson

Walgreens Boots Alliance

Slide5

Top 10 logistics companies

UPS

XPO

Logistics Inc.

J.B. Hunt Transport Services

C.H

. Robinson Worldwide

Expeditors International of Washington

Ryder Supply Chain Solutions

DHL Supply Chain

FedEx Corp

Ceva

Logistics

Americold

Logistics

Slide6

Terminology

Holding cost = Inventory and supplies impose holding costs such as temperature control, space, needing to be cleaned

Stock-outs = Occur when an organization’s inventory of some item falls to zero

Losses due to expiration, contamination, sales, and in-house usage

HCO = unacceptable and can result in unnecessary death and possible legal consequences

Balancing-how much

Safety stock level = Minimum amount of items that must be kept on-hand

Avoid stock-outs

Economic order quantity (

EOQ

) = Optimal amount of an

itme

Eliminate loss of opportunity cost

Slide7

Terminology

ABC inventory system = Each inventory or supply is categories as belonging to one of three categories

A = Expensive (Expensive pharmaceuticals)

B = All other items (Printer ink)

C = Inexpensive (Nonprescription pain relievers, bandages)

Just-in-time inventory management = supplies are delivered just as they are needed rather than in advance.

Requires a solid working relationship with suppliers and precise calculation of needed supplies

In HC = should be used for A items from ABC inventory system

Slide8

Be on the lookout for..

Amazon

https://logistics.amazon.com/

Cheap

 Convenient

Automation (Robots)