Report On SPARE PARTS INVENTORY MANAGEMENT SYSTEM Undertaken At COLGATE PALMOLIVE INDIA LIMITED EXECUTIVE SUMMARY The main problem faced by the production & stores is the poor availability of spare parts of various machines. The non-availability often leads to loss in production time. The objective of the current project is to design a user friendly inventory management system that would minimize stock outs and at the same time help in maintaining optimum inventory levels according to
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The Great Inventory Correction 2001 Edward Teach Group member: Huynh Quang Vu Le Huu Dien Le Thi Phuong Tu Pham Duc Hai Tran Ho Thanh Dong GSCM – Group 3 1 Outline • Summary • Answers to case questions • Conclusion • Q&A GSCM – Group 3 2 Case summary I • the remedy = rethinking of supply chain management at large networking‚ telecom equipment‚ PC and chipmakers • Consequences: huge amount of write-off or write-down of inventory + at Cisco : 2.25 billion dollar +
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The EOQ Inventory Formula James M. Cargal Mathematics Department Troy University – Montgomery Campus A basic problem for businesses and manufacturers is‚ when ordering supplies‚ to determine what quantity of a given item to order. A great deal of literature has dealt with this problem (unfortunately many of the best books on the subject are out of print). Many formulas and algorithms have been created. Of these the simplest formula is the most used: The EOQ (economic order quantity) or
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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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Once again‚ the scene opens on the clearing in the woods‚ with the riverbed and its surroundings described as beautiful and idyllic toward the end of a day. Many details are repeated from the book’s opening passages‚ such as the quality of the sunlight‚ the distant mountains‚ and the water snakes with their heads like “periscopes.” This time‚ however‚ even the natural beauty is marred by the suffering of innocents. Steinbeck vividly describes a large heron bending to snatch an unsuspecting snake
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based on technology‚ services and products (Jens et al.‚ 2003). Controlling inventory is known to be one of the toughest problems for companies. With 39 million active customer accounts and a vision such as being “Earth’s biggest selection of product”‚ Amazon has been putting a lot of effort to be as efficient as possible in their inventory management. The purpose of this report is to understand the evolution of the inventory management of Amazon and how it has affected the company’s growth. This case
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Ethics Awareness Inventory Georgina Lopez-Cardenas GEN/480 Steve Axelrod November 1st‚ 2014 University of Phoenix Introduction The Ethics Awareness Inventory is a system for a self-assessment that helps individuals understand the principals associated with their ethical perspective. The reason for this assessment is to help understand the differences between the four broad categories of ethical philosophy. In this document I will interpret the results of my EAI assessment and apply them
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Forecasting demand and inventory management using Bayesian time series T.A. Spedding University of Greenwich‚ Chatham Maritime‚ Kent‚ UK K.K. Chan Nanyang Technological University‚ Singapore Batch production‚ Demand‚ Forecasting‚ Inventory management‚ Bayesian statistics‚ Time series Keywords Introduction A typical scenario in a manufacturing company in Singapore is one in which all the strategic decisions‚ including forecasting of future demand‚ are provided by an overseas office. The
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Inventory Systems Analysis – Team C QRB/501 April 2‚ 2012 Dr. Maryam Bolouri Inventory Systems Analysis – Team C Inventory systems are something in which practically every business needs to properly function. From the small business of just a few employees to the large corporations‚ inventory systems are a vital part of a business ’s success. The types of inventory systems will vary with the number of businesses that use these different kinds of systems. Team C will present findings on the
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| | | | |4-3. |With inflation‚ what are the implications of using LIFO and FIFO inventory methods? How do they affect the cost of | | |goods sold?
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