主题库存管理免责omgtl5 topicnotes.pdfVIP

Introduction

Theeffectivemanagementofinventoriesinthesupplychainisoneofthekey

factorsforsuccessinanyorganization.Inventoryasanassetonthebalancesheet

andasavariableexpenseontheincomestatementhastakenongreater

importanceasorganizationsattempttomoreeffectivelymanageassetsand

workingcapital.However,inventorytakesonaddedimportancebecauseofits

directimpactsonservicelevels.Assuch,inventorymanagementhastakena

strategicpositioninmanyfirmstoday.

Organizationswouldideallywanttohaveenoughinventorytosatisfythedemands

ofitscustomersforitsproductswithnolostrevenuebecauseofstockouts.

However,theorganizationdoesnotwanttohavetoomuchinventoryonhand

becauseitconsumesvaluableworkingcapital.

Learningobjectives

•Appreciatetheroleandimportanceofinventoryintheeconomy.

•Listthemajorreasonsforcarryinginventory.

•Discussthemajortypesofinventory,theircosts,andtheirrelationshipsto

inventorydecisions.

•Understandthefundamentaldifferencesamongapproachestomanaging

inventory.

•Descriherationaleandlogicbehindtheeconomicorderquantity(EOQ)

approachtoinventorydecision-making,andbeabletosolvesome

problemsofasimplenature.

•Understandalternativeapproachestomanaginginventory—just-in-time

(JIT),materialsrequirementplanning(MRP),distributionrequirements

planning(DRP),andvendor-managedinventory(VMI).

•Explainhowinventoryitemscanbeclassified.

•Knowhowinventorywillvaryasthenumberofstockingpointschanges.

•MakeneededadjustmentstothebasicEOQa