Managing Inventory

Jul 16, 2014

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Managing Inventory. Apprehending Shoplifters. Catching shoplifters is difficult; about 98 percent of the time, shoplifters are successful. The chance that a shoplifter will actually go before a judge is just 1 in 100.

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Managing Inventory

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Presentation Transcript

Managing Inventory
Apprehending Shoplifters • Catching shoplifters is difficult; about 98 percent of the time, shoplifters are successful. • The chance that a shoplifter will actually go before a judge is just 1 in 100.

Managing Inventory throughout the Supply Chain

Managing Inventory throughout the Supply Chain. Chapter Objectives. Be able to: Describe the various roles of inventory, including the different types of inventory and inventory drivers. Distinguish between independent demand and dependent demand inventory.

1.58k views • 52 slides

Managing Inventory under Risks

Managing Inventory under Risks. Leadtime and reorder point Uncertainty and its impact Safety stock and service level The lot-size reorder point system Managing system inventory. Leadtime and Reorder Point. Q. Usage rate R. Inventory level. Average inventory = Q /2. Reorder point.

1.04k views • 35 slides

Managing Customer Consignment Inventory

Managing Customer Consignment Inventory. Managing Customer Consignment. Agenda Consignment scenarios Benefits of consignment programs Determine products for consignment and agreements Internal controls for consignment

2.37k views • 68 slides

Managing Inventory Bonus Session

Coping with Variability. We know how to hedge against demand risk with one-time orders, but what happens if we can make replenishment orders?This is somewhat more difficult than the newsboy problem, but we can still make approximately optimal policies to cope with the risks induced by uncertainty

404 views • 29 slides

Managing Equipment Inventory

Managing Equipment Inventory. Jacky Kovach Controller’s Office jyoung38@kent.edu 2-8628. KSU Policy 5-12.3 Administrative policy regarding purchasing, sales and disposal of property and inventory control http://www.kent.edu/policyreg/.

143 views • 0 slides

Chapter 15 Managing Purchasing and Inventory

Chapter 15 Managing Purchasing and Inventory. Business Management Mrs. Deady. Objectives. Describe the importance of planning purchases Identify factors that affect purchasing Explain inventory procedures used by small business Explain the importance and types of inventory control.

542 views • 14 slides

Managing the Inventory

Managing the Inventory. Chapter 14. Inventory Panel. #pragma strict internal var controlCenter : GameObject ; internal var defaultCursor : Texture; internal var currentCursor : Texture; function Start () { controlCenter = GameObject.Find ("Control Center");

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Managing Flow Variability : Safety Inventory

Managing Flow Variability : Safety Inventory. Forecasts Depend on: (a) Historical Data and (b) Market Intelligence. Demand Forecasts and Forecast Errors Safety Inventory and Service Level Optimal Service Level – The Newsvendor Problem Demand and Lead Time Variability

586 views • 34 slides

Managing Inventory

Managing Inventory. Employee Theft. The greatest criminal threat to small businesses comes from inside . 30 percent of all employees are “hard-core pilferers.” Is more common in small companies, where control and security measures are less stringent.

124 views • 2 slides

Managing Inventory

Managing Inventory. Types of Shoplifters. Juveniles Impulse shoplifters Alcoholics, vagrants, and drug addicts Kleptomaniacs Professionals.

146 views • 2 slides

Chapter 21: managing payroll and inventory

Chapter 21: managing payroll and inventory. Identify 6 steps in managing payroll system Describe the common methods of paying employees Discuss required and voluntary payroll deductions Identify accounts used in recording payroll. 21.2 learning objectives.

376 views • 26 slides

Managing Inventory

Managing Inventory. Shoplifting. The most frequent business crime. Businesses, especially retailers, lose $17 to $20 billion per year to shoplifters. Shoplifting losses add approximately 3 percent to the average price tag. .

133 views • 2 slides

Managing Inventory

Managing Inventory. Deterring Shoplifters. Resources are best spent on prevention . Train employees to spot shoplifters. Create a store layout that discourages shoplifting. Use mechanical devices such as cameras and electronic tags to make shoplifters’ job more difficult. .

127 views • 2 slides

Managing Flow Variability: Safety Inventory

Managing Flow Variability: Safety Inventory. Forecasts Depend on: (a) Historical Data and (b) Market Intelligence. Demand Forecasts and Forecast Errors Safety Inventory and Service Level Optimal Service Level – The Newsvendor Problem Demand and Lead Time Variability

657 views • 35 slides

Managing Uncertainty with Inventory I

Managing Uncertainty with Inventory I. John H. Vande Vate Spring, 2007. Topics. Integrate Obermeyer (wholesaler) with the Retail Game (retail pricing) Continuous Review Inventory Management Periodic Review Inventory Management Safety Lead Time. The Retail Game Revisited.

801 views • 57 slides

Managing Inventory , MRP and JIT

Managing Inventory , MRP and JIT. Inventory management.

842 views • 25 slides

Managing Flow Variability: Safety Inventory

Managing Flow Variability: Safety Inventory. Forecasts Depend on: (a) Historical Data and (b) Market Intelligence. Demand Forecasts and Forecast Errors Safety Inventory and Service Level Optimal Service Level – The Newsvendor Problem Lead Time Demand Variability

275 views • 14 slides

Chapter 4 Managing Inventory

Chapter 4 Managing Inventory. I N V. The Cash Flow Timeline. Order Order Sale Payment Sent Cash Placed Received Received Accounts Collection

357 views • 12 slides

Managing Purchasing & Inventory

Managing Purchasing & Inventory. 20. Section 20.1 Managing Purchasing Section 20.2 Managing Inventory. Managing Purchasing. 20.1. Define purchasing Explore factors in purchasing management Learn about the process of purchasing. What Is Purchasing?.

621 views • 11 slides

Managing Inventory

Managing Inventory. Module V. TYPES OF INVENTORY. Manufacturing Inventory. Raw Material. Work-In-Process. Maintenance Repair Operating Supplies. Distribution Inventory. Finished Goods. Saleable Spares. Echelon Inventory. Total Supply Chain Inventory

1.75k views • 58 slides

MANAGING INVENTORY IN THE SUPPLY CHAIN

MANAGING INVENTORY IN THE SUPPLY CHAIN. Learning Objectives. Appreciate the role and importance of inventory in the economy. Understand the major reasons for carrying inventory. Differentiate the major types of inventory, their costs, and their relationships to inventory decisions.

825 views • 57 slides

Managing Customer Consignment Inventory

900 views • 68 slides

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Managing Inventory

Managing Inventory

Presentation Transcript

Managing Inventory throughout the Supply Chain

Managing Inventory under Risks

Managing Customer Consignment Inventory

Managing Inventory Bonus Session

Managing Equipment Inventory

Chapter 15 Managing Purchasing and Inventory

Managing the Inventory

Managing Flow Variability : Safety Inventory

Managing Inventory

Managing Inventory

Chapter 21: managing payroll and inventory

Managing Inventory

Managing Inventory

Managing Flow Variability: Safety Inventory

Managing Uncertainty with Inventory I

Managing Inventory , MRP and JIT

Managing Flow Variability: Safety Inventory

Chapter 4 Managing Inventory

Managing Purchasing &amp; Inventory

Managing Inventory

MANAGING INVENTORY IN THE SUPPLY CHAIN

Managing Customer Consignment Inventory

Managing Purchasing & Inventory