Configuration of the SAP lot Sizing Parameter YES Customer-specific NO Enter lot size restrictions • Min lot size (e.g. quoted by production or supplier) • Max lot size (e.g. quoted by production‚ supplier or inventory) • Fix lot size (technical restricitons: tanks‚ palettes‚ boxes) } FX/FS: Fix lot size • Can be entered as fix lot size restriction } NO Application of additional lot size method: • L-parts and limited stockroom • AND: Z-parts and not demand-driven • AND: no saisonal material
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LEAN OPERATIONS & JIT Lean Operations – moving towards the elimination of all waste in order to develop an operation that is faster more dependable‚ produces higher quality products and services and operates at a low cost. In general‚ Lean can be viewed as a philosophy of operations management‚ i.e. it gives a clear view which can be used to uide the way operations are managed in many different contexts. Several techniques are used to support this philosophy. (JIT techniques) The Lean approach
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cotten in India. Inventory is a central process in Manufacturing Unit. This Inventory is concerns to all departments i.e.‚ from Planning Department to Selling Department in which it passes though Production Department‚ HR Department‚ Logistic Department‚ Finance Department‚ Costing Department‚ and Commercial Department etc. So managing of Inventory is having wide Scope in manufacturing Company. “INVENTORY MANAGEMENT” Statement of the problem “Inventory management and its
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overemphasized‚ fill rates and inventory turns don’t improve‚ even when forecast accuracy does. No measure of customer service or inventory turns. Customers must be satisfied on an ongoing basis for a company to achieve long-term sustainability. Yet‚ inventory managers often have no idea how well customers’ needs are being met. Similarly‚ without knowing how quickly inventory moves through the value-creation-and-delivery system‚ a company won’t be able to manage inventory levels. Daily planning is based
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INTRODUCTION "Inventory" to many business owners is one of the more visible and tangible aspects of doing business. Raw materials‚ goods in process and finished goods all represent various forms of inventory. Each type represents money tied up until the inventory leaves the company as purchased products. Likewise‚ merchandise stocks in a retail store contribute to profits only when their sale puts money into the cash register. In a literal sense‚ inventory refers to stocks of anything necessary
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COBRA Inventory Management System COBRA Inventory Management System McDonalds uses an Information system called as COBRA for its inventory management. This is a system specifically developed to suit McDonalds needs. It takes care of inventory levels and procurement. It is an integrated system which is connected with its vendors. It maintains a record of the stock of inventory currently in the McDonalds store. Step 1 : Customer orders are taken in the POS In this step the customer orders are
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INVENTORY MANAGEMENT Introduction The overseeing and controlling of the ordering‚ storage and use of components that a company will use in the production of the items it will sell as well as the overseeing and controlling of quantities of finished products for sale. A business’s inventory is one of its major assets and represents an investment that is tied up until the item is sold or used in the production of an item that is sold. It also costs money to store‚ track and insure inventory. Inventories
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* INTRODUCTION “Adequate inventories facilitates production activities and help to customers satisfaction by providing good service.” The basic financial aim of an enterprise is maximization of its value. At the same time‚ a large both theoretical and practical meaning has the research for determinants increasing the firm value. Most financial literature contains information about numerous factors influencing the value. Among those factors is the net working capital and
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There is a new proposal going around the school stating that every student in the school will have to maintain a B average or higher in all of his/her classes‚ if they don’t do that their parking privileges will be revoked. This proposal will help lots of the kids in school because it would make them work hard throughout the year and other years ahead. Students will be working harder because they wouldn’t want to take the bus to school or back home if he/she had a license. Furthermore‚ the kids
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Lean on Me In the film Lean on Me‚ Joe Clark‚ played by Morgan Freeman‚ took on the responsibility of being the principle for a troubled inner-city high school. The students at this high school were mainly minority children‚ faced by issues of poverty‚ drugs‚ and racism everyday. The state of New Jersey claimed that this school was heading nowhere but down and that the teachers were unable to teach the children the basic skills they needed to survive in the world. I feel the causes of the schools
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