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单击此处编辑母版标题样式,单击此处编辑母版文本样式,第二级,第三级,第四级,第五级,Module 11 Managing Inventory,Copyright:International Trade Centre,*,*,ITC/MLS,Managing Inventory,Gao Yongzheng,10/1/2024,1,Copyright:International Trade Centre,This Module will help you to:,Forecast inventory,Optimise inventory,Build an intentory,Design&Manage,Increase traceability,10/1/2024,2,Copyright:International Trade Centre,Content Overview,Unit 1 Introduction,Unit 2 Warehouse and Inventory Operations,Unit 3 Manage and Forecasting Inventory,Unit 4 Inventory Planning,Unit 5 Warehouse Planning and Systems,-5 Units:,10/1/2024,3,Copyright:International Trade Centre,Unit 1 Introduction,What is inventory?,Why keep inventory?,What is inventory Management?,Why is it important?,What does inventory Management include?,10/1/2024,4,Copyright:International Trade Centre,What is inventory?,Inventory,or stock,as it is also called is defined in supply management as the stored accumulation of material resources to be used in a transformation process.,It includes,:,Raw materials,the inventory of individual ingredients or components used in production.,Work in process(WIP),-the inventory of partially produced products at various stages in the manufacturing process.,Finished goods,-completed products,or products that have been manufactured.,10/1/2024,5,Copyright:International Trade Centre,Why keep inventory?,An enterprise may hold inventories for many good reasons,the most common of which is to be a buffer in the supply chain.,Supply,Sell,Production,First Procedure,Last Procedure,Raw materials inventory,WIP inventory,Finished Products inventory,10/1/2024,6,Copyright:International Trade Centre,Why keep inventory?(cont.),The specific reasons,includes,:,Prevent from shortage of goods,Quick delivery and raise customer satisfaction,Continuous or best-scale batch production,Lessen purchase times and the related cost,Purchase price advantage,And so on,10/1/2024,7,Copyright:International Trade Centre,What is inventory Management?,Inventory Management,is simply the way that the accumulation of the inventories is optimized so that the business can satisfy its customerss demands for the delivery of a,required quantity,of products,at the,right time,and the,minimum cost,to business.,Product Delivery to Customers,Required Quantity,Minimum Cost,Right Time,Optimum Inventory Accumulation,10/1/2024,8,Copyright:International Trade Centre,What does inventory Management include?,Analyzing the build-up and evaluating the need for keeping inventory in the supply chain,Forecasting demand for materials and components,Development of inventory monitoring,Supply planning and control mechanisms,Also dealing with physical inventory handling locations and facilities,10/1/2024,9,Copyright:International Trade Centre,Why is it important?,Inventory Management,will have some very important effects on:,Customer service level,Smooth production,Cost&profit,Cash flow,And so on,So inventory management is very important in a company!,10/1/2024,10,Copyright:International Trade Centre,Recall and Summary,What is inventory?,Why keep inventory?,What is inventory Management?,Why is it important?,What does inventory Management include?,10/1/2024,11,Copyright:International Trade Centre,Now that,inventory manage-ment,is very,important,to a company,then,How to do it well,?,I think,the following units will tell us some good answers.Lets go on to Unit 2!,10/1/2024,12,Copyright:International Trade Centre,Unit 2,Warehouse and Inventory Operations,Mentoring movements,Measuring&evaluating inventory,Receipt&issue of inventory,Systems to replenish inventory,How much to order,10/1/2024,13,Copyright:International Trade Centre,Mentoring movements,For each location where materials are held,stock record balances need to accurately reflect what is physically in inventory.,In addition,inventory balances held in the accounting records need to be capable of being reconciled with physical stock counts undertaken during audit and periodic stocktaking activities.,So mentoring movements is necessary to keep the inventory balances to be correct.,10/1/2024,14,Copyright:International Trade Centre,Receipt&issue of inventory,Notification of goods receipt,Receipt of copy of purchase order,Acknowledgement,Schedule/plan delivery,Delivery,Storage/put away,Inspection,Unloading,Receipt,10/1/2024,15,Copyright:International Trade Centre,Receipt&issue of inventory cont.,Cost allocation,User determines requirement,Requisition authorized,Presented to stores,Identification of the goods,Adjustment of stock records,Delivery/collection,Picking,Issue,10/1/2024,16,Copyright:International Trade Centre,Systems to replenish inventory,Re-order level(fixed order quantity,variable order interval),Periodic review(fixed order interval,variable order quantity),Demand-driven lean supply systems(orders placed in the precise quantity and time required for production),10/1/2024,17,Copyright:International Trade Centre,How much to order,Balance amongst the cost of holding stock&shortage c
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