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picture1_Analysis Ppt 75357 | Inventory Management


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File: Analysis Ppt 75357 | Inventory Management
inventory meaning held for sale consumed in the production of goods services forms of inventory for manufacturing comp raw materials work in process finished goods and stores spares inventory management ...

icon picture PPT Filetype Power Point PPT | Posted on 02 Sep 2022 | 3 years ago

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Partial capture of text on file. 
                                    INVENTORY
      MEANING
      • held for SALE
      • Consumed in the PRODUCTION of 
          goods/services
       Forms of Inventory for Manufacturing Comp.
                        Raw materials, Work in process, 
                        Finished goods and stores & spares
    Inventory Management- objectives
  • minimize investments in inventory
  • meet the demand for products by 
   efficiently organizing the production & 
   sales operations
  COSTS OF HOLDING INVENTORIES
  • Ordering costs
  • Inventory Carrying costs
  • Opportunity costs of funds blocked
  • Shortage
   RISK OF HOLDING INVENTORY
  •  Price decline
  •  Product Deterioration
  •  Product Obsolescence
   TOOLS & TECHNIQUES OF INVENTORY 
       MANAGEMENT/ CONTROL
  •  ABC Analysis
  •  Economic Ordering Quantity (EOQ)
  •  Order Point Problem
  •  Two Bin Technique
  •  VED Classification
  •  HML Classification
  •  SDE Classification
  •  FSN Classification
  •  Order Cycling System
  •  Just In Time (JIT)
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...Inventory meaning held for sale consumed in the production of goods services forms manufacturing comp raw materials work process finished and stores spares management objectives minimize investments meet demand products by efficiently organizing sales operations costs holding inventories ordering carrying opportunity funds blocked shortage risk price decline product deterioration obsolescence tools techniques control abc analysis economic quantity eoq order point problem two bin technique ved classification hml sde fsn cycling system just time jit...

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Category: Uncategorized / Uncategorized
Posted on: 02 Sep 2022 | 3 years ago
Tag: download ppt, inventory, management,
Filetype: PPT
File size: 0.19 MB
Views: 170x
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