'Holding cost' presentation slideshows

Topic 6. INVENTORY MANAGEMENT

Topic 6. INVENTORY MANAGEMENT. I. Introduction. What is inventory? stored resource used to satisfy current or future demand Types of Inventories: Raw Materials/Components In-Process Goods (WIP) Finished Goods Supplies. Introduction. Inventory Related Costs:

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Managing Cycle Inventories

Managing Cycle Inventories. Matching Supply and Demand. Outline. Why to hold cycle inventories? Economies of scale to reduce fixed costs per unit. Joint fixed costs for multiple products Long term quantity discounts Short term quantity discounts: Promotions.

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INVENTORY MODELS

INVENTORY MODELS. Inventory. Inventory is any kind of resource which has economic value and is maintained to fulfill the present and future requirements. Inventory can be physical, human or financial.

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Chapter 3 Inventory Management

Chapter 3 Inventory Management. In Supply Chains. Outline of the Presentation. Introduction to Inventory Management The Effect of Demand Uncertainty (s,S) Policy Risk Pooling Centralized vs. Decentralized Systems Practical Issues in Inventory Management. Inventory.

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Inventory Control

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Lecture

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Lecture 23 Order Quantities

Lecture 23 Order Quantities. Books Introduction to Materials Management, Sixth Edition, J. R. Tony Arnold, P.E., CFPIM, CIRM, Fleming College, Emeritus, Stephen N. Chapman, Ph.D., CFPIM, North Carolina State University, Lloyd M. Clive, P.E., CFPIM, Fleming College

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Chapter 12

Chapter 12. Working Capital Management. Objectives. After studying this topic you should be able to: Understand the importance of working capital to the business Evaluate the different working capital policies that can be adapted by a firm

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ALTERNATIVES LOT-SIZING SCHEMES

ALTERNATIVES LOT-SIZING SCHEMES. Alternatives Lot-Sizing Schemes. The silver-meal heuristic Least Unit Cost Past Period Balancing. The Silver-Meal Heuristic. Forward method that requires determining the average cost per period as a function of the number of periods the current order to span.

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Outline

Outline. single-period stochastic demand without fixed ordering cost base-stock policy minimal expected cost maximal expected profit ( s , S ) policy: minimal expected cost. Single-Period Problem. Common Features. stochastic demands how many items to order

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Logistics Cost

Logistics Cost. Professor Goodchild Spring 11. Initial gains from deregulation (restructuring of networks), stalling in the mid-90s dropping off again after 9/11, but increasing with congestion and fuel prices After 2003. Logistics Decisions. Improve/change your existing system

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GATORADE MX Production

GATORADE MX Production. Ana, Chloe, Shivani, Izzet. BACKGROUND. DEMAND & CAPACITY. - The demand for gatorade has a cyclical pattern with Overall YoY growth of 5% - In 2019, demand starts to exceed capacity by May - By 2022, the capacity issue becomes more pronounced.

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Inventory Management

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Second Visit - Arax Gold

Second Visit - Arax Gold. 12 September, 2005. Reasons for success. Normal, traditional jewelry manufacturing through mature investment casting technology. Inexpensive labor Which is reasonably qualified Existence of markets (although this keeps the company without its brand name).

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Lot Sizing

Lot Sizing. Inventory. Types of inventory Raw materials/purchase parts Work-in-process Finished goods Holding of inventory is expensive Ties up funds Requires space People/system needed to track What happens when the product changes?. Inventory control.

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ECONOMIC REPAIR QUANTITY

ECONOMIC REPAIR QUANTITY. Similar to the Concept of an Economic Order Quantity: Due to the costs incurred each time we induct, it may be more economical to induct a monthly quantity of repairs at one time

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Inventory Manager

Inventory Manager. Chapter 13 in W&A External vs Internal Demand Material Req. Planning (MRP) Stockless Production (JIT) Inventory = Money without interest! Forecasting => D and StDev Sd Orders, Production Batches. Inventory Costs. Ordering/ Setup Cost K Minor/Major Setup Cost

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Internship Objectives

APIC. Forecast and Planning. Assembly Plant. Performance Improvement Initiatives. Reduce WIP & Backlogs. Reevaluate Logistic Methodology. Internship Objectives. Major Projects. 45%. 45%. 10%. 10% Cost Reduction of Temp Labor. Stock-to-Stock Decrease by 33%. $4 million

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