INVENTORY MANAGEMENT
What is inventory management ?
The supervision of non-capitalized assets (inventory) and stock items. A component of supply chain management, inventory management supervises the flow of goods from manufacturers to warehouses and from these facilities to point of sale.
What is basics in
inventory management?
RECORD
LOCATION
site
dropship
off site
IDENTIFY
Manually
computer (it)
ID Levels
Unit of Measure
se stock keeping units
PLAN
Via Push or
Via Pull System
Five costs that involved
in inventory management
HUMAN CAPITAL
FINANCE COST
FACILITY COST
MANAGEMENT COST
PROCUREMENT COST
Strategies to Better
Manage Inventories
Attitude
Responsibilaty,
punctual, honest etc
Employee Testing
To overcome the
turnover manpower
Process
All process should be
charted and all the
staff should follow all the prosedure
Stock Checking
The stock should be counting with honest and correct to ensure the stock is enough and balance
Accuracy Tracking
Track all the transaction
Accountability
To find the right staff to have good attitude, the manpower should be accountable on their own action
Three service class in
inventory management
Critical Goods
*EXAMPLE:Medicine*
Non Critical Goods
Need for some reason but not really important
Customize Delivery
Customize or request the
time delivery to create relationship