tailieunhanh - Lecture Operations management (6th Edition): Chapter 12 - R. Dan Reid, Nada R. Sanders

After completing this chapter, students will be able to: Describe the nature of a transportation problem, solve transportation problems manually and interpret the results, set up transportation problems in the general linear programming format, interpret computer solutions. | Chapter 12 - Inventory Management Operations Management 6th Edition R. Dan Reid & Nada R. Sanders Copyright © 2016 John Wiley & Sons, Inc. Learning Objectives Discuss basic inventory principles. Describe inventory management objectives. Explain the relevant inventory costs. Explain the ABC inventory classification model. Discuss inventory record accuracy. Calculate order quantities. Calculate the appropriate safety stock level. Describe the periodic review approach. Types of Inventory Inventory comes in many shapes/sizes: Raw materials – purchased items or extracted materials transformed into components or products Components – parts or subassemblies used in final product Work-in-process – items in process throughout the plant Finished goods – products sold to customers Distribution inventory – finished goods in the distribution system Types of Inventory – cont’d How Manufacturers Use Inventory Anticipation or seasonal inventory (for future demand) . | Chapter 12 - Inventory Management Operations Management 6th Edition R. Dan Reid & Nada R. Sanders Copyright © 2016 John Wiley & Sons, Inc. Learning Objectives Discuss basic inventory principles. Describe inventory management objectives. Explain the relevant inventory costs. Explain the ABC inventory classification model. Discuss inventory record accuracy. Calculate order quantities. Calculate the appropriate safety stock level. Describe the periodic review approach. Types of Inventory Inventory comes in many shapes/sizes: Raw materials – purchased items or extracted materials transformed into components or products Components – parts or subassemblies used in final product Work-in-process – items in process throughout the plant Finished goods – products sold to customers Distribution inventory – finished goods in the distribution system Types of Inventory – cont’d How Manufacturers Use Inventory Anticipation or seasonal inventory (for future demand) Fluctuation Inventory or Safety (or Reserve) Stock: buffer demand fluctuations Lot-size or cycle stock: take advantage of quantity discounts or purchasing efficiencies Transportation or Pipeline inventory Speculative or hedge inventory protects against some future event, . labor strike, price increase Maintenance, repair, and operating (MRO) inventories, . hand tools, lubricants, supplies Inventory in Service Organizations Achieving good inventory control may require the following: Select, train and discipline personnel Maintain tight control over incoming shipments Maintain tight control over outgoing shipments Inventory Management Objectives Provide desired customer service level, to allow cost-efficient operations, and to minimize inventory investment. Three objectives: Customer service Provide for cost-efficient operations Minimum inventory investments Objectives of Inventory Management -cont'd Customer Service Level Measurements Percentage of .

• Quản trị kinh doanh
• Operations management
• Lecture Operations management
• Management of quality
• Supply chain management
• The transportation model
• Process management
• Supply chain
• Scope of operations management
• Decision making
• Ebook Operations management
• Operations performance
• Operations strategy
• Process design
• Fundamentals of operations management
• Quản lý vận hành
• Operations management strategy
• Transformation process
• Lean operations
• Lean system characteristics
• Lean systems
• Production operations management
• Production Management
• Lecture Production operations management
• Business strategy
• Objectives of inventory management
• Inventory management
• Competitive advantage
• Operations consulting
• Business process reengineering
• Stages of operations consulting
• Operations consulting tool kit
• Aggregate sales
• Operations planning
• Operations planning activities
• Aggregate operations plan
• Project management
• Project characteristics
• Supply chain management
• Inventory management
• Disadvantages of inventory
• Modern production