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Table Of Contents

Types of Inventories (Cont’d)
Functions of Inventory
Functions of Inventory (Cont’d)
Objective of Inventory Control
Inventory Counting Systems
Inventory Counting Systems (Cont’d)
ABC Classification System
Cycle Counting
The Inventory Cycle
Carrying Cost
Carrying cost
Total Cost
Cost Minimization Goal
Deriving the EOQ
Minimum Total Cost
Economic Production Quantity
Quantity Discounts
Total Costs with Purchasing Cost
Total Costs with PD
Costs
When to Reorder with EOQ Ordering
Determinants of the Reorder Point
Reorder Point (ROP)
Reorder Point: Example
Safety Stock
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Lect 8

Lect 8

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Published by rezavasili

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Published by: rezavasili on Sep 09, 2010
Copyright:Attribution Non-commercial

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12/20/2012

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