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Chapter 6: PROCUREMENT AND INVENTORY CONTROL (CHAIN MANAGEMENT🔺…
Chapter 6: PROCUREMENT AND INVENTORY CONTROL
INVENTORY
✏
management
inventory investment
customer services
functions
parts
quantity discounts
inflations
selections goods
importance
assets
balance
inventory investment
customer services
type
raw materials
WIP
MRO
finished goods
managing
accurate - record
control - inventories
items - classified
ABC analysis
🅰
classes
class B
medium dollar volume
class C
low dollar volume
class A
high dollar volume
policies
changes
delivey
cost
quality
CHAIN MANAGEMENT
🔺
functions & activities
forecasting
purchasing
customer services
scheduling
facilities
factories
warehouse
offices
benefits
greater agility
higher profits
lower inventories
global supply
language
culture
political
purchasing
transportation vendors
distributors
suppliers
order fullfilments
need
globalization
improve operations
manage inventories
competitive pressure
INVENTORY MODEL
Ⓜ
demand
dependent
independent
quality discount model
EOQ
lead time constant
demand constant
variable cost setup
cost
RECORD ACCURACY
⭕
record
stockroom
accurate
decision
ordering
scheduling
shipping
*CYCLE COUNTING
🔄*
advantages
eliminate annual inventory
maintain record
eliminates shutdowns
JIT
🤨
techniques
layouts
inventory
suppliers
scheduling
benefits
reduced load times
high quality
flexibility
LEAN INITIATIVES
✔
kandan
poka-yoke
jidoka
andon
poka-yoke
built in quality
andon
monozuki