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PROCUREMENT AND IVENTORY CONTROL (SUPPLY CHAIN (STRATEGIC (coordination,…
PROCUREMENT AND IVENTORY CONTROL
INVENTORY MANAGEMENT
FUNCTIONS
decouple
discounts
against inflation
OBJECTIVE
strike balance
TYPES
WIP
material
MRO
finish goods
IMPORTANCE
assets
ABC ANALYSIS
CRITERIA
delivery
quality
high shortage
POLICIES
emphasis
tighter inventory
more care
ANALYSIS
establish policies
3 classes
B - medium
C - low
A - high
RECORD ACCURACY
stockrooms
precise decisions
Accurate records
CYCLE COUNTING
used ABC
advantage
trained personnel
accurate inventory
eliminate shutdown
item counted
CONTROL INVENTORIES
profit
losses
INVENTORY MODELS
dependent
holding cost
independent
ordering cost
setup cost
EOQ MODEL
EXAMPLE
ASSUMPTIONS
lead time
variable cost
demand
MINIMIZING COSTS
reduction
optimal quantity
optimal size
SUPPLY CHAIN
OBJECTIVE
coordinate activities
STRATEGIC
coordination
final customer
purchases
relationships
DEFINITION
integration activities
ACTIVITIES
purchasing
schedulling
forecasting
FACILITIES
factories
offices
warehouse
BENEFITS
high profits
great agility
SUCCESSFUL
trust
effective
GLOBAL
political
culture
language
RFID
track goods
attached
CPFR
information sharing
eliminate typical
JIT
TRANSITIONING
support workers
convert operation
commitment
BENEFITS
high quality
flexible
reduce cost
OHNO'S
inventory
motion
transportation
INITIATIVES
POKA-YOKE
error
ANDON
maintainance
centerpiece
JIDOKA
autonomation
3 main element
MONOZUKURI
making things
KANBAN
remove standard size
signal
LEAN
SUSTAINABILITY
max resources
two sides
SERVICES
suppliers
layout
ORGANIZATION
educate supplier
JIT technique
