PDF-Effective Inventory Management Inc

EIM brPage 2br 7KLV57347UHSRUW57347LV57347WKH5734757536UVW57347LQ57347D57347VHULHV57347RI57347ZKLWH57347SDSHUV57347GHVLJQHG57347WR57347KHOS57347IRUZDUG57360WKLQNLQJ GLVWULEXWRUV57347LQFUHDVH5. 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.. 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. 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 . 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. . 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. 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. 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. Module Six: . . Global Inventory Management. 1. Presentation Agenda. Inventory management defined. Strategic considerations for I.M.. Operational activities. Economic Order Quantity & Period Order Quantity. Transportation Services. December 2014. Craig Warren. Transportation Consultant. Inventory . Training Module 5. Inventory Issue Process . Service Vehicle Inventory Replenish. Issue Processes. TD18. TD18W. 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.