TAILIEUCHUNG - Lecture Advances in supply chain management - Chapter 5

After reading the material in this chapter, you should be able to: Distinguish dependent from independent demand inventories, Describe the four basic types of inventories & their functions, understand the costs of inventory & inventory turnovers, understand ABC classification, ABC inventory matrix & cycle counting, know RFID & how it can be used in inventory management, | 1 Advances in Supply Chain Management Chapter 2a: Advancements in Inventory Management 2 3 Lec 5 : Learning Objectives Distinguish dependent from independent demand inventories Describe the four basic types of inventories & their functions Understand the costs of inventory & inventory turnovers Understand ABC classification, ABC inventory matrix & cycle counting Know RFID & how it can be used in inventory management Understand the EOQ model & its underlying assumptions Understand the Quantity Discounts & the EMQ Models & their relationships with the basic EOQ model Understand & able to distinguish among the various statistical ROP models Describe the continuous review & periodic review systems 4 SUMMARY of Last Lecture key performance measures are presented in detail in order to understand the excellence a supply chain achieves. The focus was on the importance of the integration of partners for the overall performance of the supply chain. For the optimization of inventory, the main principle of inventory management has to be considered: The objective is to balance the costs arising from holding inventories and the benefits of it. Furthermore, this trade-off has to be handled for each separate component. In the coming lectures, we will show how APS can support this critical task of inventory management. The focus of the present lecture is to present different concepts and models, evolved over the period of time, that can be used inventory management. 5 LAYOUT Introduction Dependent and Independent Demand of inventory Concepts and Tools of Inventory Management ABC Inventory Analysis System RFID Inventory Models The continuous and periodic review system 6 Introduction (inventory management) Inventory can be one of the most expensive assets of an organization Inventory may account for more than 10% of total revenue or 20% of total assets Management must reduce inventory levels yet avoid stock outs and other problems Matching Demand and Supply Suppliers must accurately .

• Quản trị kinh doanh
• Supply chain management
• Advances in supply chain management
• Supply chain analysis
• Advanced planning
• Independent demand of inventory
• Inventory Models
• Manufacturing planning
• Control for supply chain management
• Supply chain logistics
• Management of supply chain logistics
• Supply chain logistics framework
• Warehouse replenishment systems
• Supply chain
• Lecture Supply chain management
• Chuỗi cung ứng
• Quản lý chuỗi cung ứng
• Supply chain relationship management
• Global supply chain management
• Guide to supply chain management
• Source in supply chain management
• Guide to deliver in supply chain management
• Supply chains
• Operations planning
• Strategic sourcing initiatives
• Competitive supply chain
• Supply chain processes
• Goods producing processes
• Effective operation
• Supply chain strategy
• Essentials of supply chain management
• Supply chain operations
• Supply chain coordination
• Business strategy
• Measuring performance
• Supply chain metrics
• Supply chain opportunities
• Developing supply chain systems
• Logistics and supply chain management
• Synchronous supply chain
• Managing the global pipeline
• Managing risk in the supply chain
• Supply chain integration
• Strategic lead time management
• The synchronous supply chain
• The supply chain
• Lean supply chains
• Lean production
• Lean supply chain design