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Mind map

Inventory Management and Control

Juan Pablo Pasillas Spanish

Inventory Management and Control

Map content

Inventory Management and Control

  1. Is

    • Planning
    • Organizing
    • Controlling
    • Directing

  2. Objectives

    • Description in the production schedule
    • To keep down capital investment in inventories

  3. Effective Inventory Management

    • Sufficient stock
      • Raw material
      • Finished goods
    • Continiou supply
    • Minimizing the carrying cost

  4. Pillars

    • Inventory Planning
      • Determine the optimy levels of inventory.
    • Inventory Control
      • Managing the integrity of the inventory
        • What to order
        • When to order
          • Reorder Point
            • SS= (Maximum Daily Usage – Average Daily Usage) * Lead Time
            • ROP= (Average Usage Per Unit * Lead Time) + Safety Stock
        • How much to order
          • Economic Order Quantity
        • How much to stock
    • Inventory Balancing
      • Supply demand management

  5. Cost of Inventory

    • Different cost
      • Money
      • Maintenence
      • Space
    • Categories
      • Ordering Cost
      • Carrying Cost
      • Shortage Cost
    • Holding and ordering cost
      • Fluctuations in demand
        • Unreality in supply
          • Price protection
            • Predictability
              • Quantity discounts

Images and files in the map

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Information

Description
Mind Map on Inventory Management and Control, created by Juan Pablo Pasillas on 19/03/2022.
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