After studying this chapter, you should understand: How firms manage their receivables and the basic components of a firm’s credit policies, how to analyze the decision by a firm to grant credit, the types of inventory and inventory management systems used by firms, how to determine the costs of carrying inventory and the optimal inventory level.
Chapter 12: Inventory management. When you complete this chapter you should be able to: Conduct an ABC analysis, explain and use cycle counting, explain and use the EOQ model for independent inventory demand, compute a reorder point and explain safety stock, apply the production order quantity model, explain and use the quantity discount model, understand service levels and probabilistic inventory models.
Lecture Operations management - Chapter 13 presents the following content: Elements of inventory management, inventory control systems, economic order quantity models, quantity discounts, reorder point, order quantity for a periodic inventory system.
Lecturte Logistics management - Chapter: Inventory management. At the end of this lecture, students should be able to define inventory, understand the various types of inventory, understand the reasons for keeping inventory, understand the inventory models (EOQ, POQ, QD).
Chapter 13 - Inventory management. In this chapter you should be able: Define the term inventory, list the different types of inventory, describe the main functions of inventory, discuss the main requirements for effective management,...
This chapter will reveal the key variables involved in managing receivables effi- ciently, and it will show how these variables can be changed to obtain the optimal investment. We consider first the credit and collection policies of the firm as a whole, and then discuss credit and collection procedures for the individual account. The last part of the chapter investigates techniques for efficiently managing the final major current asset account for the typical firm – inventories.
(BQ) Part 2 book "Operations and supply chain management" has contents: Lean supply chains; logistics, distribution, and transportation; enterprise resource planning systems; forecasting; sales and operations planning; inventory management; workcenter scheduling,...and other contents.
Chapter 13 entitled 'Inventory management' relates to the management and control of inventories, and scheduling, often key factors of operation management to achieve profit and/or cost objectives while satisfying customers. The basic issues are how to best manage resources to effectively match supply and demand.
Chapter 10 - Accounts receivable and inventory management. This chapter will reveal the key variables involved in managing receivables effi- ciently, and it will show how these variables can be changed to obtain the optimal investment. We consider first the credit and collection policies of the firm as a whole, and then discuss credit and collection procedures for the individual account. The last part of the chapter investigates techniques for efficiently managing the final major current asset account for the typical firm – inventories.
(BQ) Part 1 book "Principles of supply chain management" has contents: Introduction to supply chain management, purchasing management, creating and managing supplier relationships, ethical and sustainable sourcing, demand forecasting, resource planning systems, inventory management,....and other contents.
(BQ) Part 2 book "Operations management - Creating value along the supply chain" has contents: Supply chain management strategy and design, global supply chain procurement and distribution, forecasting, inventory management, sales and operations planning, resource planning, lean systems, scheduling.
(BQ) Part 2 book "Operations management" has contents: Quality control, aggregate planning and master scheduling, inventory management, linear programming, management of waiting lines, project management, scheduling, supply chain management, JIT and lean operations.
(BQ) Part 2 book "Operations management" has contents: Aggregate Planning and master scheduling, quality control, inventory management, supply chain management, scheduling, project management, linear programming, management of waiting lines.
(BQ) Part 2 book "Supply chain management" has contents: Managing economies of scale in a supply chain - Cycle inventory; managing uncertainty in a supply chain - Safety inventory; determining the optimal level of product availability; transportation in a supply chain; sourcing decisions in a supply chain,...and other contents.
(BQ) Part 2 book "Operations management" has contents: Supply chain management, inventory management, material requirements planning, lean operations, maintenance and reliability, linear programming, transportation models,...and other contents.
Chapter 5 - Inventory management. Inventory management is presented in Chapter 5. Inventory is the life blood of any business. Most firms store thousands of different items. There are many inexpensive supply or operating type items. The type of business a firm is in will usually determine how much of the firm’s assets are invested in inventories.
Microsoft Business Solutions−Axapta Warehouse
Management provides all of the functionality you need
to ensure your warehouse is operating effectively and
efficiently. Warehouse Management is divided into two
modules: the standard module and the advanced
module. Combined, the modules provide capabilities
for receiving items from both external suppliers and
internal sources, structuring item storage, picking of
items prior to shipping and packing items for shipment
Chapter 17 - Working capital management. This chapter include objectives: Understand how firms manage cash and various collection, concentration and disbursement techniques; understand how to manage receivables and the basic components of credit policy; understand various inventory types, different inventory management systems and what determines the optimal inventory level.