tailieunhanh - Ebook Operations management in the supply chain (7th edition): Part 2

(BQ) Part 2 book "Operations management in the supply chain" has contents: Independent demand inventory, materials requirements planning and ERP, supply chain management, sourcing, global logistics, case studies. | Part v Inventory 14. Independent Demand Inventory 15. Materials Requirements Planning and ERP Part Five addresses decisions and tools for managing inventory in organizations. The discussion is organized so that inventory with independent demand is handled in Chapter 14. Independent demand refers to the market forces that drive demand for these items (., finished goods and spare parts). Chapter 15 covers inventory ­ with dependent demand, which is derived from the demand for another item or component (., demand for car engines is dependent on demand for complete cars). MRP and ERP systems are used to manage dependent demand inventories.  14 c h a p t e r Independent Demand Inventory LEARNING OBJECTIVES After reading this chapter, you should be able to: Define inventory types and the purpose of inventory. Explain the costs incurred by inventory. Differentiate between independent and dependent demand. Calculate the economic order quantity and identify the underlying assumptions. Compute the parameters for a continuous review and periodic review inventory control system. Recall the uses of periodic and continuous review systems. Describe how inventory and service level are related. Define Vendor Managed Inventory and the ABC system. Inventory may be the most visible sign of supply chain management for end consumers. A case in point is that college students expect required textbooks to be available at campus bookstores just when they need them as the semester begins. Few things disappoint consumers more than advertised products that are out of stock when a customer gets to a retail store. If the supply chain works well, goods are available when and where people need them. Inventory management is among the most important operations management responsibilities because inventory requires a great deal of capital and affects the delivery of .

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