[电子教案]物流专业英语 (4)
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Chapter IV Inventory Management
Outline-1
Part I Concept and purposes of inventory ▪ Concept of inventory ▪ Purpose of inventory
Facilitates economies of scale Offers a means of balancing supply and demand Provides protection from uncertain demand Specialization Inventory as a buffer Excessive inventory
Part I Concept and Purposes of Inventory
Concept of inventory
Inventory is costly.Inventory is a large and costly investment. Better management of firm inventories can improve cash flow and return on investment. The inventory requirements of a firm depend on the network structure and the desired level of customer service.
Outline-2ቤተ መጻሕፍቲ ባይዱ
Part II Inventory Types and Inventory Management ▪ Inventory is risky ▪ Inventory Types
Manufacturer inventory Wholesaler inventory Retailer inventory
Offers a means of balancing supply and demand. Some firms can only sell their products at certain times of the year. In order to utilize their fixed investment in buildings and equipment and maintain a skilled labor force, managers may decided to produce all year and store the finished goods until the selling season arrives .
Purposes of inventory
Facilitates economies of scale. Management may decide, for example, to purchase large quantities of an item in order to qualify for a discount. Or lower transportation costs may be realized by shipping larger quantities at one time. Similarly, a long production run may significantly reduce manufacturing costs. In every case, inventory is being utilized as a way to obtain savings in other parts of the logistics system.
Concept of inventory
Theoretically, a firm could stock every item sold in a facility dedicated to serve each customer. Few business operations could afford such a large inventory commitment because the risk and total cost would be prohibitive. The objective is to achieve the desired customer service with the minimum inventory, consistent with lowest total cost.
▪ Inventory Management ▪ New Trends of Inventory Management
MRP & DRP
Outline-3
Part III Supplementary Reading Just-in-time Inventory Management
▪ Introduction of just-in-time ▪JIT concept ▪Advantage and Disadvantage of JIT ▪Zero inventory
Inventory is costly.Inventory is a large and costly investment. Better management of firm inventories can improve cash flow and return on investment.
The inventory requirements of a firm depend on the network structure and the desired level of customer service. Theoretically, a firm could stock every item sold in a facility dedicated to serve each customer. Few business operations could afford such a large inventory commitment because the risk and total cost would be prohibitive. The objective is to achieve the desired customer service with the minimum inventory, consistent with lowest total cost.
Outline-1
Part I Concept and purposes of inventory ▪ Concept of inventory ▪ Purpose of inventory
Facilitates economies of scale Offers a means of balancing supply and demand Provides protection from uncertain demand Specialization Inventory as a buffer Excessive inventory
Part I Concept and Purposes of Inventory
Concept of inventory
Inventory is costly.Inventory is a large and costly investment. Better management of firm inventories can improve cash flow and return on investment. The inventory requirements of a firm depend on the network structure and the desired level of customer service.
Outline-2ቤተ መጻሕፍቲ ባይዱ
Part II Inventory Types and Inventory Management ▪ Inventory is risky ▪ Inventory Types
Manufacturer inventory Wholesaler inventory Retailer inventory
Offers a means of balancing supply and demand. Some firms can only sell their products at certain times of the year. In order to utilize their fixed investment in buildings and equipment and maintain a skilled labor force, managers may decided to produce all year and store the finished goods until the selling season arrives .
Purposes of inventory
Facilitates economies of scale. Management may decide, for example, to purchase large quantities of an item in order to qualify for a discount. Or lower transportation costs may be realized by shipping larger quantities at one time. Similarly, a long production run may significantly reduce manufacturing costs. In every case, inventory is being utilized as a way to obtain savings in other parts of the logistics system.
Concept of inventory
Theoretically, a firm could stock every item sold in a facility dedicated to serve each customer. Few business operations could afford such a large inventory commitment because the risk and total cost would be prohibitive. The objective is to achieve the desired customer service with the minimum inventory, consistent with lowest total cost.
▪ Inventory Management ▪ New Trends of Inventory Management
MRP & DRP
Outline-3
Part III Supplementary Reading Just-in-time Inventory Management
▪ Introduction of just-in-time ▪JIT concept ▪Advantage and Disadvantage of JIT ▪Zero inventory
Inventory is costly.Inventory is a large and costly investment. Better management of firm inventories can improve cash flow and return on investment.
The inventory requirements of a firm depend on the network structure and the desired level of customer service. Theoretically, a firm could stock every item sold in a facility dedicated to serve each customer. Few business operations could afford such a large inventory commitment because the risk and total cost would be prohibitive. The objective is to achieve the desired customer service with the minimum inventory, consistent with lowest total cost.