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Inventory Management  I
Definitions ,[object Object],[object Object]
Inventory ,[object Object],[object Object],[object Object],[object Object],[object Object]
Expensive Stuff ,[object Object],[object Object],[object Object]
Zero Inventory? ,[object Object],[object Object],[object Object]
Inventory Positions in the Supply Chain Raw Materials Works in Process Finished Goods Finished  Goods in Field
Reasons for Inventories ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Inventory and Value ,[object Object],[object Object],[object Object],[object Object],[object Object]
Nature of Inventory: Adding Value through Inventory ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Nature of Inventory: Functional Roles of Inventory ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Design of Inventory Mgmt. Systems:  Macro Issues ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
How to Measure Inventory ,[object Object],[object Object],[object Object],[object Object]
Inventory Measures  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Reasons Against Inventory ,[object Object],[object Object],[object Object],[object Object]
Inventory Costs ,[object Object],[object Object],[object Object]
Procurement Costs ,[object Object],[object Object],[object Object],[object Object],[object Object]
Carrying Costs ,[object Object],[object Object],[object Object],[object Object]
Out-of-Stock Costs ,[object Object],[object Object]
Independent Demand ,[object Object],[object Object],[object Object]
Dependent Demand ,[object Object],[object Object]
Design of Inventory Mgmt. Systems: Micro Issues ,[object Object],[object Object],[object Object],[object Object]
Objectives of Inventory Control ,[object Object],[object Object]
Balance in Inventory Levels ,[object Object],[object Object],[object Object]
Models for Inventory Management: EOQ ,[object Object],[object Object],[object Object],[object Object],[object Object]
Seatide ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],720,000 .72 1,000
Marginal Analysis Holding Costs Ordering Costs Units $
Reorder Point ,[object Object],[object Object],[object Object],[object Object],[object Object]
level of inventory  average inventory units Q t  time Sawtooth Model
[object Object],Q - System Inventory Control
[object Object],[object Object],[object Object],[object Object],Order Quantities
[object Object],[object Object],[object Object],[object Object],[object Object],Planning for Uncertainty
Inventory Model Under Uncertainty reorder  Q m point  safety stock time
Models for Inventory Management: Quantity Discount ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],P-System Periodic Review Method
[object Object],[object Object],[object Object],[object Object],Using P-System
Types of Inventory Systems ,[object Object],[object Object]
Classifying Inventory Items ,[object Object],[object Object],[object Object],[object Object]
Does ABC Classification Make Sense for an Assembler? ,[object Object]
Planning Supply Chain Activities Anticipatory - allocate supply to each warehouse based on the forecast Response-based - replenish inventory with order sizes based on specific needs of each warehouse
[object Object],[object Object],[object Object],[object Object],Anticipatory Inventory Control
[object Object],[object Object],[object Object],Response-Based System
Service Level Achieved 1-  expected number of units out of stock/year total annual demand ,[object Object],[object Object],[object Object],[object Object],[object Object]

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C H161 Inv1

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  • 6. Inventory Positions in the Supply Chain Raw Materials Works in Process Finished Goods Finished Goods in Field
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  • 26. Marginal Analysis Holding Costs Ordering Costs Units $
  • 27.
  • 28. level of inventory average inventory units Q t time Sawtooth Model
  • 29.
  • 30.
  • 31.
  • 32. Inventory Model Under Uncertainty reorder Q m point safety stock time
  • 33.
  • 34.
  • 35.
  • 36.
  • 37.
  • 38.
  • 39. Planning Supply Chain Activities Anticipatory - allocate supply to each warehouse based on the forecast Response-based - replenish inventory with order sizes based on specific needs of each warehouse
  • 40.
  • 41.
  • 42.