TAILIEUCHUNG - Lecture Managing operations across the supply chain (2/e): Chapter 7 - Swink, Melnyk, Cooper, Hartley

Chapter 7 - Managing inventories. This chapter include objectives: Define the different typvantages andes and roles of inventory, explain the financial impact of inventory, explain and compute measures of performance, calculate inventory policy parameters to minimize total acquisition cost, determine the cost of a company’s service level policy, explain the ad disadvantages of different inventory location strategies, describe practical techniques for inventory planning and management. | Copyright © 2014 McGraw-Hill Higher Education. All rights reserved. CHAPTER 7 Managing Inventories McGraw-Hill/Irwin 1 Learning Objectives LO7-1 Define the different types and roles of inventory LO7-2 Explain the financial impact of inventory LO7-3 Explain and compute measures of performance LO7-4 Calculate inventory policy parameters to minimize total acquisition cost LO7-5 Determine the cost of a company’s service level policy LO7-6 Explain the advantages and disadvantages of different inventory location strategies LO7-7 Describe practical techniques for inventory planning and management 7–2 2 Inventory: supply of items held to meet demand Customers Suppliers Raw Material Components MRO Maintenance, repair & operating supplies Distribution Work in Process (WIP) Finished Goods (FGI) Customers Suppliers Raw Material Components MRO Maintenance, repair & operating supplies Distribution Work in Process (WIP) Finished Goods (FGI) Transportation 7–3 Types of Inventory LO7-1 Types of .

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