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Inventory Management

Inventory Management

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Published by wintoday01
MODULE 6 Inventory Management

The term inventory includes materials. Raw, in process, finished, packaging, spares and others stocked in order to meet an unexpected demand or distribution in future Objectives of Inventories 1.The nature of product, nature of customer demand, and nature of manufacturing process determine the need for finished goods inventories 2.They do not directly go into the product but facilitate smooth operations 3.Inventory facilitates transit and handling 4.Inventory serv
MODULE 6 Inventory Management

The term inventory includes materials. Raw, in process, finished, packaging, spares and others stocked in order to meet an unexpected demand or distribution in future Objectives of Inventories 1.The nature of product, nature of customer demand, and nature of manufacturing process determine the need for finished goods inventories 2.They do not directly go into the product but facilitate smooth operations 3.Inventory facilitates transit and handling 4.Inventory serv

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Published by: wintoday01 on Feb 09, 2010
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MODULE 6Inventory Management
 
The term inventory includes materials. Raw, in process,finished, packaging, spares and others stocked in order tomeet an unexpected demand or distribution in futureObjectives of Inventories1.The nature of product, nature of customer demand, andnature of manufacturing process determine the need for finished goods inventories2.They do not directly go into the product but facilitatesmooth operations3.Inventory facilitates transit and handling4.Inventory server to isolate the supplier 5.Inventories reduce material handling cost
 
Inventory Cost
v
Inventory Cost Money includea)Ordering Cost b)Carrying costc)Out of stock or shortage stock d)Capacity stock 

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