TAILIEUCHUNG - Lecture Operations management for competitive advantage (11/e) - Chapter 15: Inventory control

In this chapter, the following content will be discussed: Inventory system defined, Inventory costs, independent vs. dependent demand, single-period inventory model, multi-period inventory models: basic fixed-order quantity models, multi-period inventory models: basic fixed-time period model, miscellaneous systems and issues. | Inventory Control Chapter 15 2 Inventory System Defined Inventory Costs Independent vs. Dependent Demand Single-Period Inventory Model Multi-Period Inventory Models: Basic Fixed-Order Quantity Models Multi-Period Inventory Models: Basic Fixed-Time Period Model Miscellaneous Systems and Issues OBJECTIVES 2 Inventory System 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 An inventory system is the set of policies and controls that monitor levels of inventory and determines what levels should be maintained, when stock should be replenished, and how large orders should be 3 Purposes of Inventory 1. To maintain independence of operations 2. To meet variation in product demand 3. To allow flexibility in production scheduling 4. To provide a safeguard for variation in raw material delivery time 5. To take advantage of economic purchase-order size 4 Inventory Costs .

• Sáng kiến kinh nghiệm
• Operations management
• Competitive advantage
• Inventory control
• Inventory costs
• Inventory system
• Multi period inventory models
• Lecture Operations management
• Process management
• Supply chain
• Scope of operations management
• Decision making
• Ebook Operations management
• Operations performance
• Operations strategy
• Process design
• Fundamentals of operations management
• Quản lý vận hành
• Operations management strategy
• Transformation process
• Lean operations
• Lean system characteristics
• Lean systems
• Production operations management
• Production Management
• Lecture Production operations management
• Business strategy
• Objectives of inventory management
• Inventory management
• Operations consulting
• Business process reengineering
• Stages of operations consulting
• Operations consulting tool kit
• Aggregate sales
• Operations planning
• Operations planning activities
• Aggregate operations plan
• Management of quality
• Supply chain management
• Project management
• Project characteristics
• Supply chain management
• Inventory management
• Disadvantages of inventory
• Modern production