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Lean Management (精益管理) - Coggle Diagram
Lean Management (精益管理)
Inventory Management
Reorder Level of Stock
Manage minimum level of inventory while avoiding running out of stock
Reorder level = Maximum ordering unit x Maximum delivery time (+ Safety level of stock)
Economic Order Quantity (EOQ)
Maintaing materials at the optimum level at the minimum cost to maximise economy in purchasing
Costing Type
Cost of Ordering
Cost of Carrying
Tax and insurance
Storage cost
Damged item cost
Expiry/Obsolescene of stocks
Working capital
Assumptions
Constant ordering cost
Constant demand rate
Fixed lead time
Constant purchasing price
Maximum Level of Stock
Reorder Level - min demand unit x min delivery time + EOQ
Minimum Level of Stock
Reorder Level - average demand unit x average delivery time
ERP Model
Enterprise Resource Planning
Costly, time consuming to implement and inflexible.
ERP is a software system that integrates and manages all of the core business processes
Offers data management, value chain thinking