TOPIC: TO ASSES THE IMPACT OF INVENTORY MANAGEMENT ON ORGANIZATIONAL PERFORMANCE-A CASE STUDY OF CHILDREN’S AIDSFUND UGANDA STATEMENT OF THE PROBLEM Inventory management has become a very prominent concern for both large and small companies as they strive for better quality and higher customer satisfaction (Mentzer et al. 2000; Chopra and Meindle 2001). According to a recent Deloitte Consulting Survey‚ 91 percent of North American manufacturers rank inventory management as very important or
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Digital Repository @ Iowa State University Graduate Theses and Dissertations Graduate College 2008 Inventory management in a manufacturing/ remanufacturing hybrid system with condition monitoring Bhavana Padakala Iowa State University Follow this and additional works at: http://lib.dr.iastate.edu/etd Part of the Industrial Engineering Commons Recommended Citation Padakala‚ Bhavana‚ "Inventory management in a manufacturing/remanufacturing hybrid system with condition monitoring" (2008). Graduate
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Resources are scarce; profit making organization should know how to utilize these resources effectively and efficiently. The inventory control section of a company is responsible for these activities‚ in order to continue the operation of the organization through out the year they have to use the rules and principles to handle different kinds of materials. Since it improves inventory handling activities with in the organization‚ it will help to avoid utilization of resources for un authorized purpose and
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A COMPUTER-AIDED INVENTORY MANAGEMENT SYSTEM – PART 2 11 A computer-aided inventory management system – part 2: inventory level control C.Y.D. Liu and Keith Ridgway Reviews inventory policies and lot-sizing techniques in a cutting tool manufacturer Introduction In part 1 of this article[1] the design and development of a computer-aided inventory management system (CAIMS) was described. The CAIMS system was developed for a cutting tool manufacturer‚ PRESTO Tools Ltd‚ Sheffield‚ with the objectives
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Take-Home Exam – Marketable Securities & AR/Inventory Management Name: _________________________ Score:____________ I. Selection __________1. A company which foregoes the discount when credit terms are 4/15 net 70 is essentially borrowing money from his supplier for an additional: (A) 40 days (B) 55 days (C) 70 days (D) 85 days. __________2. A company that foregoes a discount of 1/7 net 30 is essentially borrowing money from the vendor at: (A) 1% (B) 12.29% (C) 16% (D) 52.7%. __________3
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Inventory control Kellogg’s have adopted new organizational structure to implement more streamlined inventory practices. The Kellogg company has been using large – scale linear program‚ the Kellogg Planning System (KPS)‚ for more than a decade to guide its operational (weekly)‚ production‚ inventory‚ and distribution decisions for breakfast cereal. In addition‚ KPS helps Kellogg to make tactical decisions on budgeting‚ capacity expansion‚ capacity reassignment and other similar issues. KPS uses
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6208.30 | 5382.00 | 4649.80 | 3988.80 | Net Block | 7520.70 | 5529.40 | 5024.70 | 4070.80 | 3296.50 | Capital Work in Progress | 1406.30 | 1428.60 | 387.60 | 861.30 | 736.30 | Investments | 6147.40 | 5106.70 | 7176.60 | 3173.30 | 5180.70 | Inventories | 1796.50 | 1415.00 | 1208.80 | 902.30 | 1038.00 | Sundry Debtors | 937.60 | 893.30 | 809.90 | 918.90 | 655.50 | Cash and Bank | 2436.10 | 2508.50 | 98.20 | 1939.00 | 324.00 | Loans and Advances | 2140.10 | 1626.30 | 1739.10 | 1809.80 | 1173
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be noted that there are two types of spares. 1. General/Fast Moving 2. Rare/Slow Moving The warehousing can be designed in a Hub and Spoke model where the Hub would be a master warehouse containing 100% inventory and the spoke end would keep a optimum level of fast moving/general inventory based on the past trends and Pareto chart. This will ensure high degree of customer satisfaction. The Spares would contain a high level of SKUs. This presents the challenge of organizing the warehouse that would
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Many companies have inventory in which they must manage in order to supply the demand of the consumer or customer. Our project is based on the research of Inventory management and how it is applied or used in the Cracker Barrel Restaurant. In this project‚ we have elected to explain and determine how the company develops its inventory plans to support the products or services they provide to the consumer. On our field research we asked a series of questions to one of Cracker Barrels’ Associate
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computerized system other company is using. They are not aware yet of computerized inventory system‚ that is much faster‚ accurate and more reliable rather that the manual system which they are currently using. In manual inventory also‚ most of the jobs are done by writing items on a log book and keeping it on a cabinet. Some problem approaches them because they are using this kind of system‚ the manual inventory. To name a few‚ here are some of the problems they currently are facing: they go to
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