Professional Documents
Culture Documents
Presented by
Amit Jaglan
Manish Vats
Neeraj Bala
Sakshi Vats
Overvie
w
ØInventory & Inventory management
ØPurpose of inventory
ØOpposing views of inventories
ØNature of Inventories
ØInventory Systems
ØInventory Classifications Models
ØConclusion
Invento
ry commodities, or other economic resources
stock of goods,
held by a firm at a particular time
for their future production requirements and
for their future demands.
Inventory
Management
assists organizations
in minimizing their inventory cost
without compromising on their ability to respond quickly to customer
demand.
INVENTORY MANAGEMANT AND SUPPLY
CHAIN MANAGEMENT
B(4) C(2)
Is position
p reorder
point
Compute order quantity to
no
yes bring inventory upto
required level
Issue an order
for exactly Q
units Issue an order for
number of units
needed
Balancing Carrying against Ordering Cost
Total Annual
Stocking Costs
Total Annual
Stocking Costs
Annual
Carrying
Lower
Annual
Ordering Costs
Order Quantity
Smaller EOQ Larger
Inventory classification
model
ABC classification
VED Classification
FSND Classification
Thank
Thank
You
You