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Chapter Six: Inventory. Part One “The Importance of Inventory.”. Retail Inventory. Manufacturing Inventory. Supplier. Inventory Definitions. Performance Cycle. The time it takes for a buyer to get a purchase order out to a seller up until when the buyer receives the order. P.O. Supplier.
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Chapter Six: Inventory Part One “The Importance of Inventory.”
Manufacturing Inventory Supplier
Inventory Definitions Performance Cycle The time it takes for a buyer to get a purchase order out to a seller up until when the buyer receives the order. P.O Supplier
Inventory Definitionss Case Fill Rate The percent of cases or units shipped as ordered 5 cases or 71% of order The case fill rate is 71%. 7 cases Supplier
Reasons for Holding Inventory Economies of scale Transportation carriers usually give discounts for bigger loads. . Supplier
Reasons for Holding Inventory Economies of scale Economies of scale mean that if I can set up my machine tools and make the same product over and over it cuts costs. This is called specialization in manufacturing. . $ $ $ $ Assembly line .
Reasons for Holding Inventory Economies of scale Warehouse $ $ $ $ $ $ $ $ $ $ $ Assembly line
Reasons for Holding Inventory Economies of scale Warehouse Assembly line
Reasons for Holding Inventory • Economies of Scale.
Reasons for Holding Inventory • Economies of Scale. • Specialization in manufacturing.
Reasons for Holding Inventory Balances supply and demand. Warehouse Assembly line
Reasons for Holding Inventory It provides protection from uncertainties in the demand and order cycle. Warehouse Assembly line
Reasons to Hold Inventory • It enables achievement of economies of scale. • It balances supply and demand. • It enables specialization in manufacturing. • It provides protection from uncertainties in the demand and order cycle. .
