Đang chuẩn bị nút TẢI XUỐNG, xin hãy chờ
Tải xuống
Chapter 10 - Inventory management. At the end of this lecture, students should be able to define inventory, understand the various types of inventory, understand the reasons for keeping inventory, understand the inventory models (EOQ, POQ, QD). | Inventory Management Learning outcomes At the end of this lecture, students should be able to Define inventory Understand the various types of inventory Understand the reasons for keeping inventory Understand the inventory models (EOQ, POQ, QD) Managing Facilitating Goods Factory Wholesaler Distributor Retailer Customer Replenishment order Replenishment order Replenishment order Customer order Production Delay Wholesaler Inventory Shipping Delay Shipping Delay Distributor Inventory Retailer Inventory Item Withdrawn What is inventory? Inventory is the raw materials, component parts, work-in-process, or finished products that are held at a location in the supply chain. Inventory decisions are high-risks and high-impacts from the perspective of logistics operations Inventory management is important to avoid under-stocking or over-stocking. What are the two main issues that need attention to ensure proper management of inventory level? Order Quantity- how much to order (EOQ/lot sizes) . | Inventory Management Learning outcomes At the end of this lecture, students should be able to Define inventory Understand the various types of inventory Understand the reasons for keeping inventory Understand the inventory models (EOQ, POQ, QD) Managing Facilitating Goods Factory Wholesaler Distributor Retailer Customer Replenishment order Replenishment order Replenishment order Customer order Production Delay Wholesaler Inventory Shipping Delay Shipping Delay Distributor Inventory Retailer Inventory Item Withdrawn What is inventory? Inventory is the raw materials, component parts, work-in-process, or finished products that are held at a location in the supply chain. Inventory decisions are high-risks and high-impacts from the perspective of logistics operations Inventory management is important to avoid under-stocking or over-stocking. What are the two main issues that need attention to ensure proper management of inventory level? Order Quantity- how much to order (EOQ/lot sizes) Order Points- when to place an order (Reorder point) Types of Inventory Raw material Purchased but not processed Work-in-process Undergone some change but not completed A function of cycle time for a product Maintenance/repair/operating (MRO) Necessary to keep machinery and processes productive Finished goods Completed product awaiting shipment Why do we care? At the macro level: Higher profit Inventory is one of the biggest corporate assets ($). Sales growth: right inventory at the right place at the right time Cost reduction: less money tied up in inventory, inventory management, obsolescence At the firm level: Reasons for Maintaining inventory Anticipation or seasonal inventory- inventory are often built in anticipation of future demand, plant shutdowns, seasonal demands, etc Fluctuation Inventory or safety stock- to protect against unpredictable or unexpected variations in demand Lot-Size inventory or cycle stock- inventory frequently bought or produced in excess of what is .
