Chapter 7 Inventory Management ◊Distinguish dependent from independent demand inventories ◊Describe the four basic types of inventories and their functions ◊Understand the costs of inventory and inventory turnovers ◊Understand ABC classification‚ ABC inventory matrix and cycle counting. ◊Know RFID and how it can be used in inventory management ◊Understand the EOQ model and its underlying assumptions ◊Understand the Quantity Discount and the EMQ Models and their relationships with the basic EOQ model
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MANAGEMENT OF INVENTORIES Inventory management – involves the control of the assets that are used in the production process or produced to be sold in the normal course of the firm’s operations. It can also refer to assets that are bought and sold in a trading concern business. Purpose of inventory – To uncouple the operations of the firm – that is‚ to make each function of the business independent of each function – so that delays or shutdowns in one area do not affect the production and
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Executive Summary Honda atlas Pakistan Ltd was created by the joint venture of Atlas Group of Pakistan and Honda Motor Company Japan. The first car rolled out from the plant in 1994‚ since then Honda Alas has been growing in terms of production capacity‚ market share etc. Honda is a strong brand name worldwide and it is differentiated by very high quality standards‚ technology‚ safety standards and advanced designs. In Pakistan Honda Atlas has successfully maintained its brand image hence they
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A STUDY ON “INVENTORY MANAGEMENT” [pic] “H.P.C.L VISAKHA REFINERY‚ VISAKHAPATNAM” With Reference To Hindusthan Petroleum Corporation Limited‚Visakhapatnam For The Partial Fulfillment of the Requirements For The Award of the Degree Of “MASTER OF BUSINESS ADMINISTRATION” Under the esteemed guidance CH.TRINADH RAO Submitted By K.SHANTHI REGD NO: 116C1E024 MIRACLE EDUCATIONAL GROUP OF INSTITUTIONS (Affiliated To JNTU‚ KAKINADA ) BHOGAPURAM
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the well known textile company “Zara” keeps the inventory lowers than their competitors‚ and how that contributes to Zara’s success. Also in the case study are identified a few characteristics of Inventory Management and the advantage and disadvantages to keep the Inventory low. In the following paragraphs it is describe what mean Inventory Management and there are 5 significant reasons to maintenance an inventory‚ also Zara believes that Inventory it’s equal to death of the firm another competitive
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SUPPLY CHAIN (REVERSE) DI ASTRA HONDA MOTOR MENINGKATKAN KEPUASAN PELANGGAN DENGAN APLIKASI SUPPLY CHAIN (REVERSE) di ASTRA HONDA MOTOR Seminar Kiat Memangkas Biaya Operasional dan Memelihara Pelanggan dengan Meng-Update dan Meng-Upgrade solusi SCM Warta Ekonomi Hotel Borobudur Jakarta - Indonesia June‚ 10th 2009 Karsono karsono@astra-honda.com Presentation Outline: 3. Introduction PT Astra Honda Motor 4. Motorcycle Industry Situation 5 Supply Chain Management 6 Customer Satisfaction 7 Q&A
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A Secondary Research Study on Inventory Management Table of Content 1. Introduction-------------------------------------------------------------------------------- 1 2. Inventory Management------------------------------------------------------------------ 2 3. Effective inventory management is a crucial aspect of a successful business practice------------------------------------------------------------------------------------- 3 3.1 Mismanaged Inventories -----------------------------------------------------------
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McDonalds: Inventory Management Practice and Its Advantages By: Piyush Dewan McDonalds is one of the most popular fast food chains with a worldwide presence. It can be found in 119 countries and has about 31‚000 restaurants. It employs about 1.5 million people and is one of the largest fast food chains‚ serving 47 million customers daily (2). Most restaurants offer both counter service and drive through service with indoor seating (and sometimes outdoor seating too!). McDonalds has become a emblem
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Simplifying Time Management for Student/Parents Joseph A. Ortiz GEN/200 July 9‚ 2012 Don Jones Simplifying Time Management for Student/Parents “Keep it Simple‚ Stupid” my old sergeant always told me. Reasons for this approach will include why simplifying time management is the key skill‚ which must be mastered to have an enjoyable and successful college experience. In the stressful and high speed life-style of today’s college students with families of our own at home‚ every activity with
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Effective Time Management A problem in my day-to-day life that I would like to solve is Time Management. I would like to improve my skills‚ and create an effective time management schedule‚ because no one wants to feel like they didn’t use their time effectively. One thing we all could agree on is that the resource of time is available equally to each individual. We all have the same 24 hours per day available to us‚ and the challenge is to use this time sufficiently on a daily basis
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