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inventory planning and control ppt presentation

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Resource Constrained Multiple Product Systems. The Budget Time Period 3. Inventory carrying costs- major component of total distribution costs- it includes Capital costs Insurance and taxation costs Obsolescence and deterioration costs Storage costs, 3. • The inventory will keep growing forever with a rate of A-D. • There are many possible scenarios. The common two are: • A: Start producing Q when inventory reaches zero. Inventory costs Second largest cost in distribution Add as much as 40% in extra cost per year to the value of goods being stored. special inventory models. bringing powerful demand planning and purchasing tools to microsoft, Operations Management Theory of Constraints (TOC) Handout Dr. Ahmad Syamil, CFPIM, CIRM, CSCP asyamil at yahoo dot com. inv. Inventory management. types of inventory. • Goal: Find the order quantity that minimizes total costs • General Equation for dedicated storage for mixed storage Production Planning and Control- Inventory Management(18), EOQ Model Assumptions: • No Stockouts • Order when no inventory • Order size determines policy Inventory Qavg = Q/2 Order Quantity Q Avg. de-437 (required). • Purchase Cost Constant • Opportunity cost is always based on average quantity • Warehousing cost may be based on average quantity for mixed storage areas, or on maximum quantity for dedicated storage. Inventory (Qavg) Production Planning and Control- Inventory Management(19), EOQ Model Total Cost Holding Cost Order Cost Optimal Order Quantity, Q* Production Planning and Control- Inventory Management(20), EOQ Model for dedicated storage for mixed storage By differentiation: for dedicated storage for mixed storage Production Planning and Control- Inventory Management(21), EOQ Model Example: Zartex Co. produces fertilizer to sell to wholesalers. what is drp?.

Inventory Control Part 1 Subject to Known Demand By Ming Dong - Department of industrial engineering & OPERATIONAL BUDGETING - Chapter 23. operational budgeting. Inventory management Inventory- stock of items held to meet future demand Level of inventory- investment is minimum and chances of stock out is also minimum. • Issues: • Customer Lead Times: shorter is more competitive. • 6.Products can be analyzed singly – either there is only a single product or conditions exist that ensure separability of products.

Inventory Management Functions Materials Planning Purchasing Inventory Control Store Keeping Stores Accounting Transportation (Internal / External) Scrap Disposal Material Economics Waste Management 6. tulsa chapter asse meeting may 20, 2009 . • Under specific modeling assumptions the lot size that optimally balances holding and setup costs is given by the square root formula: • Total cost is relatively insensitive to lot size (so rounding for other reasons, like coordinating shipping, may be attractive). Inventory Policies and Procedures - . inventory defined. special inventory models. public administration and emergency management. russell and norvig: chapter 11 cmsc421 – fall 2006. sensors. Manufacturing Planning and Control - . chapter 4 production planning. PowerPoint Presentation On FURNACE SAFEGUARD SUPER... PowerPoint Presentation on Generation of Electrici... PowerPoint Presentation On ROCK SLOPE ENGINEERING. case: steel works. prof. yuan-shyi. In transit stock Goods undergoing movement between fixed stock points such as warehouses, 4. inventory is the stock of any item or resource held to meet. at the, SPARE PARTS INVENTORY MANAGEMENT - An – najah national university faculty of engineering industrial engineering, Inventory Management and Control - . Materials requirement planning. Inventory- stock of items held to meet future demand Level of inventory- investment is minimum and chances of stock out is also minimum.

salary planning is budgeting or forecasting, Session 7 Organizational and Operational Planning - . abc analysis. administrative. inventory management. NHPC SCENARIO IFS ERP INVENTORY MANAGEMENT MODULE has been implemented across 41 locations of NHPC. definition and scope perpetual vs. periodic systems physical goods and costs, Distribution Requirements Planning - . hrm, Distribution Requirements Planning - . Get powerful tools for managing your contents. b) How many orders will be placed per year?

Dell acknowledged that the company was sharply off in its forecast of demand, resulting in inventory write downs” (WSJ, August 1993) Production Planning and Control- Inventory Management(7), Inventory • Where do we hold inventory? • Early application of mathematical modeling to Scientific Management Production Planning and Control- Inventory Management(16), EOQ Modeling Assumptions • 1.Production is instantaneous – there is no capacity constraint and the entire lot is produced simultaneously. Developing the Budget 1. time.

by, Cycle Counting – the Secret to Inventory Accuracy - Bob collins, cfpim, cirm ssi north america chicago, il apics, Planning aka Action Planning, Auto.

Inventory never reaches zero. Consumption is continuous at the rate of D parts per time unit. Get powerful tools for managing your contents.

• Batching: grouping like product families can reduce lost capacity due to setups. Production Planning and Control Inventory Management Dr. Lotfi K. Gaafar Production Planning and Control- Inventory Management(1), Production Planning and Control The Production Control System Sales and order entry Demand forecasting Customer Shop-floor scheduling and control Materials requirement planning Aggregate planning Shipping and receiving Production Inventory management Inventory Vendors Production Planning and Control- Inventory Management(2), Demand Management • Basic Problem: establish an interface between the customer and the plant floor, that supports both competitive customer service and workable production schedules. Inv Q QM TA Time TC Start Prod. typical coverage of us gaap. Start Prod. environment. Sales and order entry. • carrying cost (cc) = I + W or cc = I + 2W Production Planning and Control- Inventory Management(24), EOQ Trade-off • Two interpretations: • If you order more (larger Q), you incur higher inventory cost, but less setup cost • If you order less frequently, you incur larger inventory cost, but less setup cost • The trade-off is not linear!

Planning & Scheduling - .

chapter 8 - statistical process control. ?. Procurement costs include Cost of order processing Cost of placing order includes cost of transmitting the order to supplier Cost of transportation Cost of material handling, 2. Create stunning presentation online in just 3 steps.

Inventory planning and management Chapter 5. PowerPoint Presentation On Computer Engineering | Biotechnology | MBA | Electronics And Communication Engineering | Entertainment | Electrical Engineering | IT | Stress Management | Global Warming | 3g Technology | Robotics, PowerPoint Presentation On INVENTORY MANAGEMENT. professor jiang zhibin department of industrial, Salary Planning - . The relation between prices of sold product, value of average inventory and inventory turn. • Customer Service: on-time delivery. powerpoint presentation to accompany heizer/render, SPARE PARTS INVENTORY MANAGEMENT - An – najah national university faculty of engineering industrial engineering, Inventory Management and Control - . types of inventory. control steps taken by management to ensure that objectives, Operations Management - . Stop Prod. revised april 2006. what do we mean by salary planning?. chapter 8 vollmann, berry, whybark, jacobs. Why? • Transportation 58% • Inventory 38% • Management 4% • By effectively managing inventory: • Xerox eliminated $700 million inventory from its supply chain • Wal-Mart became the largest retail company utilizing efficient inventory management • GM has reduced parts inventory and transportation costs by 26% annually Production Planning and Control- Inventory Management(5), Customers, demand centers sinks Field Warehouses: stocking points Sources: plants vendors ports Regional Warehouses: stocking points Supply Inventory & warehousing costs Production/ purchase costs Transportation costs Transportation costs Inventory & warehousing costs Production Planning and Control- Inventory Management(6), Why Manage Inventory? An Overview of Budgeting A.

• A: production rate (in units per year) • A>D (demand rate per year). Planning - . Dr. Lotfi K. Gaafar. tulsa chapter asse meeting may 20, 2009 . a1. control steps taken by management to ensure that objectives, Chapter 2:Inventory Management and Risk Pooling - . establish an understanding of inventory and, Inventory - .

One raw material – calcium nitrate – is purchased from a nearby supplier at $22.50 per ton. Create stunning presentation online in just 3 steps. Production Planning and Control- Inventory Management(27), EMQ- Scenario A for dedicated storage for mixed storage By differentiation: for dedicated storage for mixed storage Production Planning and Control- Inventory Management(28), EMQ- Scenario B Start producing a batch of Q, at the rate of A parts per time unit, so that the quantity is finished when the previous batch is consumed. The annual carrying cost for this material is 40% of the acquisition cost, and the ordering cost is $595. PowerPoint Presentation On POWER HOUSE LAYOUT AND ... PowerPoint Presentation On TEEN MARKETING, Electronics And Communication Engineering PPTs. what is drp?.

definition and scope perpetual vs. periodic systems physical goods and costs, Human Resource Management 10 th Edition Chapter 4 JOB ANALYSIS, STRATEGIC PLANNING, AND HUMAN RESOURCE PLANNING - . • Interface with Scheduling: customer due dates are are an enormously important control in the overall scheduling process. QMis the minimum inventory level. Avg.

drp provides the basis, Process Safety Management & Risk Management Planning Overview - . Production Planning and Control- Inventory Management(45), Dynamic Lot Sizing - PPB Total Cost = 422 + 4 * 150 = $1022 Production Planning and Control- Inventory Management(46), Dynamic Lot Sizing - SM • Silver-Meal (SM) Heuristic • Minimize total relevant costs per unit time for the duration of the replenishment quantity. case: steel works. The Stages of Budgeting 1. on-hand inventory. c) How much time will elapse between orders? outline. Supplement E - Special Inventory Models - . Inventory carrying costs- major component of total. level Time, t 1 2 Production Planning and Control- Inventory Management(14), Relevant Costs • Ordering or Setup Cost (P) • Fixed cost • Independent of the size of the replenishment or production order • Ordering forms, phone calls, other communication costs, receiving, inspection, cost of interrupted production, opportunity cost of lost time, etc. Systems • Demand • Constant (level) or variable • Deterministic (known) or Stochastic (random or uncertain) • Lead Time • Review Time • Continuous or periodic review • Excess Demand • Backordered or lost • Changing inventory Production Planning and Control- Inventory Management(11), Relevant Costs • Unit value or unit variable cost (c) • Cost of making a part available for usage • Purchase + Freight + Mfg. Prof. Yuan-Shyi Peter Chiu Feb. 2011 - Material management class note # 1-a mrp – capacity constraints. functions of inventory. typical coverage of us gaap.

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