OpEx – Inventory Management
$ 39$ 44 (-11%)
This source provides an extensive overview of inventory management within supply chain fundamentals. It introduces Vishnu Rayapeddi as the author, highlighting their significant experience and qualifications in the field. The text thoroughly defines inventory and inventory management, outlining key objectives such as customer service and cost minimisation. Various types of inventory are explored, alongside the costs associated with inventory, including holding, ordering, and shortage costs. The document also differentiates between independent and dependent demand and explains various order quantity strategies, focusing on the Economic Order Quantity (EOQ) model and the Quantity Discount Model, complete with practical examples. Furthermore, it details ABC analysis for inventory categorisation, its procedural steps, and implications for inventory management policies, including cycle counting and different inventory valuation methods like FIFO, LIFO, and Weighted Average. Finally, the text briefly touches upon Kanban systems as a method for production control.
Benefits of OpEx – Inventory Management
Understand all aspects of Inventory Control and Management
Inventory Management PPT Description
This product (Supply Chain Fundamentals Module 5 – Inventory Management) is a 69-slide PPT
PowerPoint presentation slide deck (PPTX), which you can download immediately
upon purchase.
The Supply Chain Fundamentals Series has 5 modules in all as below:
Module 1 – Forecasting – 73 Slides
Module 2 – Aggregate Planning – 28 Slides
Module 3 – Materials Requirement Planning – 36 Slides
Module 4 – Scheduling – 43 Slides
Module 5 – Inventory Management – 69 Slides
The 5th Module on Inventory Management covers the following topics:
Independent versus Dependent Demand
Costs associated with Inventory
Order Quantity Strategies
Determining Order Quantity (EOQ, EPQ and QD)
Inventory Parameters
Order Point
Safety Stock
Lead Time
ABC Analysis
Inventory Management Policies
Cycle Counting
Inventory Record Accuracy
Periodic versus Perpetual Inventory
Buy all the 5 modules as a bundle and receive 25% discount!
Details
This module delves into the intricacies of inventory management, providing a
comprehensive overview of the various types of inventories within the supply
chain, including raw materials, components, work-in-process, finished goods,
distribution inventory, and MRO supplies. It meticulously breaks down the costs
associated with inventory, such as item cost, holding costs, ordering cost, and
shortage costs, offering a clear understanding of the financial implications of
inventory decisions.
The PPT also explores sophisticated methods for determining order quantities,
including the Economic Order Quantity (EOQ), Economic Production Quantity
(EPQ), and Quantity Discount Model. These models are essential for optimizing
order sizes and minimizing total costs, with detailed examples and equations to
illustrate their application.
Additionally, the module covers ABC analysis, a critical tool for inventory
categorization, helping managers prioritize their focus on the most valuable
items. It also includes methods of validation such as FIFO, LIFO, and Weighted
Average Cost, providing a robust framework for accurate inventory valuation.
This module is a must-have for executives aiming to refine their inventory
management strategies and drive operational excellence.
Source: Best Practices in Inventory Management PowerPoint Slides: Supply
Chain Fundamentals Inventory Management PowerPoint (PPTX) Presentation Slide
Deck, OpEx Academy NZ
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