8-Supply Chain 1.ppt

8-Supply Chain 1.ppt - – Finished-goods inventory –...

Info iconThis preview shows pages 1–10. Sign up to view the full content.

View Full Document Right Arrow Icon
BMGT 110 Introduction to Business Management Supply Chain 1
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Agenda Purchasing Management Inventory Control Management Distribution Management
Background image of page 2
Managing the Supply Chain Purchasing Management Inventory Control Management Routing and Scheduling Distribution Management
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Purchasing Procurement Buying the right items Obtaining desired quality Buying the right quantity Paying the lowest price Obtaining inventory at the right time
Background image of page 4
Purchasing What does a purchasing manager do? Shops for a living
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Purchasing Purchasing considerations in choosing products and suppliers Price Quality Availability Reliability / Service Technical support
Background image of page 6
Purchasing Procurement Buying the right items Obtaining desired quality Buying the right quantity Paying the lowest price Obtaining inventory at the right time
Background image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Managing Inventory Three basic types of inventory:
Background image of page 8
Background image of page 9

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 10
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: – Finished-goods inventory – Work-in-process inventory – Raw materials inventory Inventory Control Process • Determines how many supplies and goods are needed, and keeps track of: – Quantities on hand – Where each item is – Who is responsible for it Did You Know? Scholastic, Inc., publisher of Harry Potter books used JIT to deliver 100,000 copies of one book to stores across the US just minutes before midnight on July 8, the book’s official release date. Inventory Management Approaches • Economic order quantity model (EOQ) – Identifies the optimum number of items to order. • Just in time inventory management (JIT) – Uses smaller quantities of materials that arrive “just in time.” • Material-requirements planning (MRP) – Schedules the precise quantity of materials needed to make the product....
View Full Document

This note was uploaded on 04/09/2012 for the course BMGT 110 taught by Professor Nelson during the Fall '08 term at Maryland.

Page1 / 10

8-Supply Chain 1.ppt - – Finished-goods inventory –...

This preview shows document pages 1 - 10. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online