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Inventory Management Essentials Explained

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48 views1 page

Inventory Management Essentials Explained

Uploaded by

grisha.unusov
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Inventory Management. Week .

What is
inventory management ? (supply chain management logistics)
the and flow of products information and finances
sourcing .
-

- how to produce , transport store and deliver stufflorders/money


,
Overstocking
↑
Inventory
-
consumables or stock Needs to be reordered frequently.
.
Inventory Medium
↓
Stock out
Types of
Inventory
- ? Why hold
:

-
Raw Materials and component parts :

e
g
.
.
uncooked
burger buns inventory :

④ Balance and Demand


-Work in
process
toasted been
inventory Supply
② Economies of scale
.
e
g
.
in prod.
③ Lead time in supply
-

Finished
goods inventory ④
Uncertainty Supply
in of Demand
.
e
g.
cooked patties ⑤ Appreciation of value (e g wine)
..

Costs of it
MRO
Inventory =>

Holding
-

..
e
g lighting bulbs
derration when
①
Carrying/holding cost

masincost
② Transportation
Cost
service level =
③ Order Cost
duration
selling Cost
↓ ④ Setup
time in stock
number of units sold
⑤
Shortage/Stockout Cost
inventory turnover =

number of units
aug .
in
inventory

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