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Inventory Management - Control_lecture 3

Inventory Management - Control_lecture 3

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Published by: JoannaOSz on Jan 07, 2010
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10/22/2011

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Logistics managementINVENTORY MANAGEMENT- CONTROL
 Joanna Oleśków-Szłapka
 
What Is Inventory?
Stock of items keptto meet futuredemandPurpose of inventorymanagement
how many unitsto order
?
when to order
?
 
 Types of Inventory
Inputs
Raw MaterialsPurchased partsMaintenance andRepair Materials
Outputs
Finished GoodsScrap and Waste
Process
In Process
Partially CompletedProducts andSubassemblies
(in warehouses, or“in transit”)(often on the factoryfloor)

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