Managing inventory in the supply chain

Managing inventory in the supply chain

1. Inventory in the U.S Economy (1990)

   • https://www.youtube.com/watch?v=-rboN6F2g-k

2. Inventory in the firm: Rationale for Inventory

   • Consumer-packaged goods (CPG)

3. Batching Economies/Cycle Stocks

   • Procurement
     • In the procurement area, it is not unusual for a seller to have a schedule of prices that reflects the quantity purchased. Larger purchased volumes result in lower prices per unit and vice versa.
   • Production
     • Many organizations feel that their production costs per unit are substantially lower when they have long production runs of the same product.
   • Transportation
     • Transportation firms usually offer rate or price discounts for shipping larger quantities

4. The importance of inventory in Other functional areas

   • Marketing
     • Identify, create, and help satisfy demand for an organization’s products or services.
   • Manufacturing
     • Manufacturing operations are measured by how efficiently they can produce each unit of output
   • Finance
     • As such, finance usually looks favorably at low inventories to increase inventory turns, reduce liabilities and assets, and increase cash flow to the organization

5. Inventoy Costs

   • Inventory service cost
     • Depending on the product value type
   • Capital Cost
     • Is frequently the largest component of inventory carrying cost
   • Storage space cost
     • Are relevant to the extent that they either increased or decrease as inventory
   • Inventory risk cost
     • Is commonly found in the computer and electronic decrease in value

6. Fixed Order Quantity Approach

   • Simple EOQ Model
     • https://www.youtube.com/watch?v=21oCujszkNQ

7. Classifying Inventory

   • (A) Items are considered to be the most important, (B) items being of lesser importance, (C) items being the least important.

8. Gabriela Luna Ortiz A00368551

   • Bibliografía Coyle, J. (2013). Managing Supply Chains. Cenegage Learning. Crash Course US History #45. (s.f.). History 1990. Recuperado el 07 de 04 de 2015, de https://www.youtube.com/watch?v=-rboN6F2g-k Kanban, J. S. (s.f.). Software Lean Manufacturing. Recuperado el 07 de 04 de 2015, de https://www.youtube.com/watch?v=21oCujszkNQ

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