Inventory Control

Overview take stock (first principle & EOQ) roll Functions and Types ABC compendium & vibe run Fixed item System MGNT 3430 EOQ take stock beat 1 2 entry: Functions & Types Expensive plus Functions break between demand and supply Decouple deed processes deflect against inflation Take advantage of quantity discounts Overview Inventory Functions and Types ABC psychoanalysis & Cycle Counting Fixed flow crop System EOQ Inventory Model Types Raw material: stark(a) by the firm Work-in-process (WIP): partially transformed 3 4 ABC Analysis Inventory social classification ABC Analysis Pareto ruler Classify items as A, B or C annual sawbuck volume Item Stock Numbe r #10286 #11526 #12760 #10867 #10500 #12572 #14075 #01036 #01307 5 Percent of Number of Items stocked 20% annual Volume (units) 1,000 500 1,550 x Unit exist $ 90.00 154.00 17.00 42.86 12.50 $ 14.17 .60 8.50 .42 .60 = Annual horse Volume $ 90,000 77,000 26,350 15,001 12,500 $ 8,502 1,200 850 504 150 Percent of Annual sawbuck Volume 38.8% 33.2% 11.3% 6.4% 5.4% 3.7% .5% .4% .2% .

1% 5% 23 % 72 % Class A A B B B C C C C 6 fetching Inventory Audit of what is in stock/ retentivity Reconcile purchases and physical exercise 30% 350 1,000 600 2,000 On hand=Purchases - Usage Cycle determine Taking partial inventory daily Frequency of count A items around habitual C items least frequent 50% 100 1,200 250 #10572 C Cycle Counting 5,000 items in inventory: 500 A items, 1,750 B items, 2,750 C items form _or_ system of government is to count: A i tems every calendar month (20 kit and cab! oodle sidereal daytimes) B items every quarter (60 days) C items every sestet months (120 days) Item Class Quantity A B C 500 1,750 2,750 Cycle Counting Policy Each month Each quarter Every 6 months Number of Items Counted per xxiv hour period 500/20 = 25/day 1,750/60 = 29/day 2,750/120 = 23/day 7 77/day Overview Inventory Functions and Types ABC Analysis & Cycle Counting Fixed Period System EOQ Inventory Model 8...If you want to get a luxuriant essay, localize it on our website: BestEssayCheap.com

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