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procurement and inventory control (lean initiative (lean suatainability…
procurement and inventory control
function inventory
decouple/separated
advantage quantity
selection goods
hedge against inflation
type of inventory
work in process(WIP)
maintenance/repair/operating(MRO)
raw material
finished goods
managing inventory
cycle counting
used ABC analysis
advantages
trained personnel audit
error identified & corrected
eliminate annual inventory
maintain accurate record
eliminate shutdown & interruption
updated on periodic basis
record accuracy
incoming & outgoing must accurate
stockrooms secure
accurate record are critical
precise decision
ABC analysis
class
B(medium annual dollar)
C(low annual dollar)
A(high annual dollar)
policies employed
tighter inventory(A)
care forecasting (A)
more emphasis on supplier (A)
Inventory model
holding costs
ordering costs
setup cost
dependent
EOQ model
important assumptions
quantity discounts not possible
receipt inventory instantaneous
lead time known
variable costs setup and holding
demand known
stockouts avoided
minimizing costs
AHC= Q/2*H
reorder point
ROP= d x L
production order quantity model
quantity discount model
Q* = (2DS/IP)^1/2
probabilistic model and safety stock
ROP = d x L + ss
independent
supply chain management
strategic importance
large portion sale
relationship increase
starting raw material, end satisfied customer
managing supplier added emphasis
facilities
processing centers
distribution centers
factories
retail outlets
warehouse
offices
function & activities
purchasing
inventory management
information management
quality assurance
forecasting
scheduling
need supply chain
increase level outsourcing
increase transport cost
improve operation
competitive pressures
increase globalization
manage inventories
benefit supply chain
lower inventories
higher productivity
greater agility
shorter lead time
higher profit
just in time(JIT)
benefit
flexibility
reduce lead time
high quality
reduced setup costs
reduced inventory
increase productivity
transitioning
worker support
reduce setup time/cost
part need most effort
convert operation
top management commitment
supplier to JIT
prepare for obstacle
ohno's 7 waste
inventory
motion
transportation
waiting
overproduction
overprocessing
defective/reworks
5s
shine/sweep
standardize
simplify/straighten
sustain/self-discipline
sort/sgregate
lean initiative
jidoka
automation with human intelligence
3 element
built in quality
andon
poka-yoke
poka-yoke
error/mistake
kanban
advantages
downward pressure bad aspect
standardized cointaners
problem immediately evident
allow limited faulty/delayed
monozukuri
making things supporting capabilities
lean organization
building lean orgainzation
transitioning difficult
use JIT
help produce perfect parts
reduce space
attributes
educate supplier
eliminate all
partnership with suppliers
develop employees
job challaneging
worker flecxibility
lean suatainability
focus outside issues
driving out waste
,ax resource & economic efficiency