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    Nikhil Kamble
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    The document discusses inventory management. It covers the role and importance of inventory, the need for inventory control in large manufacturing units, different inventory levels like raw materials and finished goods. It also discusses inventory holding costs, inventory efficiency in supply chains, challenges in inventory control, different players involved in inventory like manufacturers and retailers. Furthermore, it covers different types of inventory like raw materials inventory and different models for inventory planning like economic order quantity and material requirement planning.

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    logistics

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    1603099101_14._Inventory_Management

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    The document discusses inventory management. It covers the role and importance of inventory, the need for inventory control in large manufacturing units, different inventory levels like raw materials and finished goods. It also discusses inventory holding costs, inventory efficiency in supply chains, challenges in inventory control, different players involved in inventory like manufacturers and retailers. Furthermore, it covers different types of inventory like raw materials inventory and different models for inventory planning like economic order quantity and material requirement planning.

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    © All Rights Reserved
    Download as PPSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    4 views14 pages

    Inventory Management

    Uploaded by

    Nikhil Kamble
    The document discusses inventory management. It covers the role and importance of inventory, the need for inventory control in large manufacturing units, different inventory levels like raw materials and finished goods. It also discusses inventory holding costs, inventory efficiency in supply chains, challenges in inventory control, different players involved in inventory like manufacturers and retailers. Furthermore, it covers different types of inventory like raw materials inventory and different models for inventory planning like economic order quantity and material requirement planning.

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    © All Rights Reserved
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    of 14

    INVENTORY MANAGEMENT

    PIEM - 2020
    (Copy Rights With iiiEM, Ahmedabad)
    INVENTORY MANAGEMENT
    • Role of Inventory

    • Importance of Inventory

    PIEM - 2020
    (Copy Rights With iiiEM, Ahmedabad)
    NEED FOR INVENTORY CONTROL
    • Increase in Size of Manufacturing Unit
    • Wide Variety and Complexity of Requirements
    • High Idle time of Machine and Men
    • Liquidity
    • Meeting Production Requirement
    • Operational Support
    • Customer Service
    • Forecasting
    • Precaution
    PIEM - 2020
    (Copy Rights With iiiEM, Ahmedabad)
    INVENTORY LEVELS
    • Raw Materials
    • Work in Progress
    • Finished Goods

    PIEM - 2020
    (Copy Rights With iiiEM, Ahmedabad)
    FUNCTIONS OF INVENTORY
    • Striking Balance = Supply vs Demand
    • Minimize Costs
    • Improve Customer Service Level
    • Protecting Operating System
    • Quantity Discounts from Suppliers

    PIEM - 2020
    (Copy Rights With iiiEM, Ahmedabad)
    INVENTORY HOLDING COSTS
    • Interest or Opportunity Costs
    • Storage and Handling Costs
    • Taxes, Insurance and Shrinkage
    • Pilferage, Theft
    • Obsolescence
    • Physical Deterioration
    • Ordering Costs

    PIEM - 2020
    (Copy Rights With iiiEM, Ahmedabad)
    INVENTORY HOLDING COSTS
    • Carrying Costs

    • Out of Stock Costs

    • Over Stock Costs

    PIEM - 2020
    (Copy Rights With iiiEM, Ahmedabad)
    INVENTORY EFFICIENCY IN SUPPLY CHAIN

    • Lower Inventory

    • Lower Capital

    • Lower Costs

    PIEM - 2020
    (Copy Rights With iiiEM, Ahmedabad)
    CHALLENGES FACED IN INVENTORY
    CONTROL
    • Poor Processes

    • Practices

    • Old Support Systems

    PIEM - 2020
    (Copy Rights With iiiEM, Ahmedabad)
    PLAYERS IN INVENTORY
    • Manufacturer

    • Wholesaler

    • Retailer

    PIEM - 2020
    (Copy Rights With iiiEM, Ahmedabad)
    TYPES OF INVENTORY
    • Raw Material and Production Inventory
    • In Process Inventory
    • MRO Inventory
    • Finished Goods Inventory
    • Transit Inventory
    • Let Size Inventory
    • Fluctuation Inventory
    • Anticipation Inventory
    PIEM - 2020
    (Copy Rights With iiiEM, Ahmedabad)
    TYPES OF INVENTORY CONTROL
    • ABC Analysis

    • VED Analysis

    • SAP analysis

    • FSN Analysis

    • SDE Classification
    PIEM - 2020
    (Copy Rights With iiiEM, Ahmedabad)
    INVENTORY PLANNING MODELS
    • Economic Order Quantity
    • Material Requirement Planning
    • Distribution Requirement Planning
    • Just – In – Time
    • Vendor Management Inventory

    PIEM - 2020
    (Copy Rights With iiiEM, Ahmedabad)
    Thank You..!!

    PIEM - 2020
    (Copy Rights With iiiEM, Ahmedabad)

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