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INVENTORY MANAGEMENT (STRATEGIC (MANAGED INVENTORY -…
INVENTORY MANAGEMENT
INVENTORY MANAGEMENT
Inventory management practices the overseeing and controlling ordering storage and use of component or material that or organization use in production of the item it sell and the item will be store in warehouse.
BASIC INVENTORY MANAGEMENT
1) RECORD- information, transaction
2) LOCATION- On site, off site, dropshipp(agent)
3) DENSITY- use stock to keeping unit
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4) PLAN- push and full factor
5 COST
stock accuracy
financial cost
facility cost (utility cost)
procurement cost
human capital
STRATEGIC
MANAGED INVENTORY - Vendor have settle any work
POSTPONEMENT LOGISTIC-
common in most manufacturing company
3 SERVICE CLASSES
Critical- medical emergency
non-critical- necessary urgent
scheduled delivery- customize