Chapter 12 – Inventory Management

Chapter 12 – Inventory Management. Definition, objectives, historical evolution, EOQ, service levels, models. What Is Inventory?. Material owned for use in product or as operating supply Has value (usually) Need for product or to support production Other?. Inventory Types - 1.

2.69k views • 17 slides

Inventory Management

CHAPTER. 11. Inventory Management. What is inventory?. An inventory is an idle stock of material used to facilitate production or to satisfy customer needs. Why do we need inventory?. Economies of scales in ordering or production - cycle stock trade-off setup cost vs carrying cost

2.61k views • 68 slides

Operations Management Inventory Management Chapter 12

Operations Management Inventory Management Chapter 12. What is Inventory?. Stock of materials Stored capacity. © 1995 Corel Corp. © 1984-1994 T/Maker Co. © 1984-1994 T/Maker Co. © 1995 Corel Corp. Types of Inventory. Raw material Work-in-progress

1.12k views • 37 slides

CHAPTER 7 INVENTORY MANAGEMENT

2.11k views • 24 slides

Chapter 9 Inventory Management

Chapter 9 Inventory Management. Learning Objectives. To determine the costs of holding inventory To identify the costs associated with a stockout To understand the EOQ concept To differentiate the various inventory flow patterns To appreciate the role of scanners in inventory control.

2.65k views • 46 slides

Operations Management Inventory Management Chapter 12

Operations Management Inventory Management Chapter 12. Outline. GLOBAL COMPANY PROFILE: AMAZON.COM FUNCTIONS OF INVENTORY Types of Inventory INVENTORY MANAGEMENT ABC Analysis Record Accuracy Cycle Counting Control of Service Inventories . Outline - Continued. INVENTORY MODELS

739 views • 43 slides

Chapter 8 Inventory Management

Chapter 8 Inventory Management. Learning Objectives. To learn about the ways that inventory can be classified To discuss inventory costs and the trade-offs that exist among them To identify when to order an how much to order, with a particular emphasis on the economic order quantity

1.25k views • 41 slides

Chapter 11 Inventory Management

Chapter 11 Inventory Management. Pencils, papers, clips, advertisements-flyer, visiting cards, nuts, bolts, trucks, needles, airplanes Raw materials, semi-finished goods, finished goods What is the worth? Let top management see the money withheld . Inventory- a stock or store of goods.

837 views • 58 slides

Chapter 8 Inventory Management

Chapter 8 Inventory Management. Accounting and Finance for Entrepreneurs FINANCE 292. Inventory Management. Inventory investment is the single most costly item of current asset investment in terms of acquisition, storage, and accountability. Half of all Current Assets on average

270 views • 10 slides

Chapter 5: Inventory Management

Department of Business Administration. Chapter 5: Inventory Management. FALL 20 10 - 2011. Outline: What You Will Learn . . . Define the term inventory and list the major reasons for holding inventories; and list the main requirements for effective inventory management.

1.54k views • 70 slides

Chapter 16 Inventory Management

Introduction to Management Science 8th Edition by Bernard W. Taylor III. Chapter 16 Inventory Management. Chapter Topics. Elements of Inventory Management Inventory Control Systems Economic Order Quantity Models The Basic EOQ Model The EOQ Model with Non-Instantaneous Receipt

1.64k views • 71 slides

Inventory Management

Inventory Management. Lecture 4 ESD.260 Fall 2003. Caplice. Background. Inventory is largest component of logistics ■ $1.44 Trillion in 20 Used as the metric for a ‘healthy’ firm ■ Inventory Turnover ■ Inventory Days of Sale ■ Inventory/Sales Ratio ■ Inventory / COGS

711 views • 11 slides

Inventory Management: Cycle Inventory

第四單元： Inventory Management: Cycle Inventory. Inventory Management: Cycle Inventory. 郭瑞祥教授. 【 本著作除另有註明外，採取 創用 CC 「姓名標示－非商業性－相同方式分享」台灣 3.0 版 授權釋出 】. 1. Role of Inventory in the Supply Chain. Understocking: Demand exceeds amount available Lost margin and future sales.

1.81k views • 57 slides

Chapter 3 Inventory Management

Chapter 3 Inventory Management. In Supply Chains. Outline of the Presentation. Introduction to Inventory Management The Effect of Demand Uncertainty (s,S) Policy Risk Pooling Centralized vs. Decentralized Systems Practical Issues in Inventory Management. Inventory.

1.38k views • 46 slides

CHAPTER 11: Inventory Management

CHAPTER 11: Inventory Management. Slides prepared by Romulus Cismaru University of Regina. Chapter 11 Outline. Introduction Requirements for Effective Inventory Management Fixed Order Quantity/Reorder Point Model (FOQRP) FOQRP: Determining the Reorder Point Fixed Order Interval Model

794 views • 36 slides

CHAPTER 6 Inventory Management

CHAPTER 6 Inventory Management. Purposes of Inventory. Enables the firm to achieve economics of scale Balances supply and demand Enables specialization in manufacturing Provides protection from uncertainties in demand and order cycle

309 views • 18 slides

Chapter 4 Managing Inventory

Chapter 4 Managing Inventory. I N V. The Cash Flow Timeline. Order Order Sale Payment Sent Cash Placed Received Received Accounts Collection

348 views • 12 slides

CHAPTER 6 Inventory Management

CHAPTER 6 Inventory Management. Purposes of Inventory. Enables the firm to achieve economies of scale Balances supply and demand Enables specialization in manufacturing Provides protection from uncertainties in demand and order cycle

1.05k views • 28 slides

Chapter 15. Inventory Management

Chapter 15. Inventory Management. Inventory is the stock of any item or resource used in an organization and can include: raw materials, finished products, component parts, supplies, and work-in-process

352 views • 21 slides

Chapter 11 – Inventory Management

Chapter 11 – Inventory Management. Definition, objectives, historical evolution, EOQ, service levels, models. What Is Inventory?. Material owned for use in product or as operating supply Has value (usually) Need for product or to support production Other?. Inventory Types - 1.

336 views • 16 slides

Inventory Management Software , Inventory Management Solutions, Inventory Management System

An inventory control system is a system the encompasses all aspects of managing a company inventories, purchasing, shipping, shoes, gift, hardware, pet supplies, sporting goods, cosmetics, books, office supplies, lighting etc. http://www.vallesoft.com/inventory-system.php

380 views • 2 slides