Inventory Management

Inventory circumspection ? Inventory ? The standard of any particular or resources apply in an organization ? Manufacturing inventory particular propositions that set in to or wrick part of a firms product proceeds ex. raw materials, finished products, component parts, and mesh up-in-process 6. Inventory Mgmt.

? The Basic objective of Inventory Analysis ? When item should be golf clubed ? How large the order should be trading operations Management Hong?il Kim ?2? Purpose of Inventory ? To hold out independence of operations ? A supply of materials at a work center suffers that center flexibility in operations Type of Inventory ? roll Inventory ? The portion of sum total inventory that varies directly with lot coat (Q) ? Average turn inventory = ? To meet transformation in product pull ? Demand is not completely known, and a synthetic natural rubber or buffer stock must be spare to absorb variation Q?0 Q ? 2 2 ? S f t Stock I Safety St k Inventory t ? overplus inventory that a connection holds to protect against uncertainties in crave, extend time and supply changes ? To allow flexibility in drudgery scheduling ? A stock of inventory relieves the pressure on the achievement system to get the goods out ? To provide a safeguard for variation in raw material delivery time ? Wh material is undifferentiated from a vendor, delays can occur f a govern of reason When t i li d df d d l for i t f ? prognostication Inventory ? use to absorb uneven rates of demand or supply, which businesses very much face ? To take reinforcement of economic purchase order size ? The big from each one or der is, the fewer the orders that need be c! ompose is ? The larger the shipment, the lower the per-unit cost ? Pipeline Inventory ? Inventory pitiful from orientate to point in the materials flow system y g p p y Operations Management Hong?il Kim ?3? Operations Management Hong?il Kim ?4? Inventory Costs ? holding (or carrying) costs ? The cost for memory facilities, handling, insurance, pilferage, breakage,...If you want to get a right essay, order it on our website: OrderEssay.net

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