Mgt%203200%20-%2010%20Inventory%20Mgt%20%28post%29

Mgt%203200%20-%2010%20Inventory%20Mgt%20%28post%29 -...

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Unformatted text preview: Copyrighted 1 Map Inventory Management Inventory Additional concepts Inventory models Fixed-period (P) ABC analysis Why?, why not? Costs Key terms EOQ, Reorder point (R) Cycle counting Inventory turns Copyrighted 2 Objectives 10-1. List and describe types of inventory. Provide examples of each. 10-2. List and define the functions of inventory (reasons to hold inventory). Contrast why too much inventory is problematic. 10-3. List and describe inventory costs including carrying costs, ordering costs, and stockout costs 10-4. Define service level, stockout, safety stock, and lead time 10-5. Conduct and interpret an EOQ analysis, including calculating annual carrying/holding and ordering costs 10-6. Calculate and interpret a reorder point analysis with safety stock 10-7. Contrast a fixed period (P) inventory system to a fixed quantity (R) system 10-8. Describe ABC analysis for inventory management 10-9. Define and interpret inventory turnover Copyrighted 3 Inventory Inventory Why ? Uncertainty/variability Economies of scale Why not? Type Description Ex: Auto...
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Mgt%203200%20-%2010%20Inventory%20Mgt%20%28post%29 -...

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