Foreign / International Distributors International Business Networking Seminar Kevin Hanske - 3104007 Angga Surya Pradana - 3104008 INTERNATIONAL BUSINESS NETWORKING PROGRAM - “Y” CLASS UNIVERSITY OF SURABAYA - FACULTY OF BUSINESS & ECONOMICS 2013 Foreign Distributors When selling products in foreign markets‚ a firms should maintain relationships with local distributors over the long term even after establishing their own local network to handle major clients. In theory‚ local
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Capacity Planning for Products and Services 6 Process Selection and Facility Layout 7 Work Design and Measurement 8 Location Planning and Analysis 9 Management of Quality 10 Quality Control 11 Aggregate Planning and Master Scheduling 12 MRP and ERP 13 Inventory Management 14 JIT and Lean Operations 15 Supply Chain Management 16 Scheduling 17 Project Management 18 Management of Waiting Lines 19 Linear Programming Transforming Strategy into Action: The Balanced Scorecard‚ 54 Productivity‚ 56 Computing
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capital policy is reflected in a firm’s current ratio‚ quick ratio‚ turnover of cash and securities‚ inventory turnover and days sales outstanding or DSO. The ratios that are related to SKI‚ has large amount of working capital relative to its level of sales. An example would be the sales/inventories = 6.00 versus 8.00 for an average firm in its industry. This means that SKI is carrying a lot of inventory per dollar of sales. This ratio is the definition of a relaxed policy. Also‚ SKI ’s DSO is relatively
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Inventory Valuation Retailers define inventory as intended sellable assets consisting of goods that are available for resale to customers. Manufacturers also maintain three components of inventory. These include “finished goods” which are goods that have been completed and are awaiting sales. Manufacturers may also have “work in process inventory” made up of goods being manufactured but not yet completed. The third category of inventory is “raw materials‚” consisting of goods that are to
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Manual inventory tracking compared with inventory tracking systems on your computer. A good inventory tracking system accomplishes four things: 1) it shows what merchandise is in stock‚ 2) it shows which items are on order‚ 3) it notifies the retailer when ordered merchandise is scheduled to arrive‚ and 4) it tells what merchandise has been sold. This information is used to plan future purchases‚ to determine what is selling and when it is selling‚ and it helps determine what items need to be reordered
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Definition of the Inventory Theory Inventory theory (or more formally the mathematical theory of inventory and production) is the sub-specialty within operations research that is concerned with the design of production/inventory systems to minimize costs. It studies the decisions faced by firms and the military in connection with manufacturing‚ warehousing‚ supply chains‚ spare part allocation and so on; it provides the mathematical foundation for logistics. Inventories are materials stored
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is fast and their impact on the economy is becoming bigger. How to manage the inventory effectively and efficiently often is a challenge for these small businesses. The study took place at COMETZ II TRADING‚ a company involved in car accessories. For COMETZ II TRADING two inventory problems‚ stock-out and overstock occur frequently. The company wants to improve its efficiency and is con-sidering a change in the inventory management. Cometz II Trading is the one of the biggest supplier of car’s accessories
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Evaluation of Inventory Turnover Ratios Abstract Effective inventory management is a top priority for companies looking to free up cash and leverage working capital. Inventory turnover varies widely across different industries and different companies. We will discuss how inventory management does affect company’s performance and which factors could affect the inventory turnover ratios. We analyzed five industries: pharmacy‚ automobile manufacture‚ grocery store‚ clothing‚ and restaurant
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Questions Answers - Inventory Management [12:27 PM | ] 1. What is inventory control? Answer: Inventory control is the process of reducing inventory costs while remaining responsive to customer demands. By this definition a store would want to lower its acquisition‚ carrying ordering and stock-out costs to their lowest possible levels. However a store would need to have enough inventories to meet any needs of its customers. 2. What does inventory affect in a store? Answer: Inventory levels and their
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goods is constant‚ the inventory model is called deterministic. However‚ when the demand rate is not constant and not deterministic‚ the inventory model is called probabilistic and is best described by a probability distribution. The minimum-cost order quantity and re-order policies are based on the assumptions of the demand rate. PROBABILISTIC INVENTORY MODELS 1. A single-period inventory model with probabilistic demand The single-period inventory model refers to inventory situations in which
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