TAILIEUCHUNG - Lecture Purchasing and supply chain management (3/e): Chapter 5 - W. C. Benton

Chapter 5 - Inventory management. Inventory management is presented in Chapter 5. Inventory is the life blood of any business. Most firms store thousands of different items. There are many inexpensive supply or operating type items. The type of business a firm is in will usually determine how much of the firm’s assets are invested in inventories. | 1 Chapter 5: Inventory Management Purchasing and Supply Chain Management, 3rd edition, Copyright © 2013, W. C. Benton Jr., All rights reserved The Nature of Demand Independent demand Demands unrelated to other finished items Independently forecasted Dependent demand Demands directly derived from demand for another inventoried item Raw materials, components parts, and subassemblies 2 5 Primary Inventory Functions Pipeline inventory Cycle stocks Seasonal inventories Safety stocks Decoupling stocks 3 ABC Classification The classification of inventory items in terms of greater dollar usage value Dollar usage ($) = Example What is the dollar usage value of the following item? Annual usage or demand is 3,520 units Cost per unit is $ Dollar usage ($) = 3,520 $ $19,360 4 ABC Analysis Curve 5 Economic Order Size (EOQ) Model EOQ is the optimal lot size for purchasing Minimizes the total cost of ordering and holding inventory Place an order of EOQ when the inventory levels fall below .

• Quản trị kinh doanh
• Supply chain management
• Supply chain
• Quản lý chuỗi cung ứng
• Materials management
• Negotiation strategies
• Purchasing dollar responsibility
• Manufacturing planning
• Control for supply chain management
• Supply chain logistics
• Management of supply chain logistics
• Supply chain logistics framework
• Warehouse replenishment systems
• Lecture Supply chain management
• 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
• Advances in supply chain management
• Supply chain analysis
• Advanced planning
• 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