Slide MGT209 Slide12

Operations

Operations

Management

Management

Inventory Management

Inventory Management

Chapter 12

Transparency Masters to accompany Heizer/Render – Principles of Operations Management, 5e, and Operations Management, 7e

© 2004 by Prentice Hall, Inc., Upper Saddle

River, N.J. 07458

12-2

Outline

Outline



_{GLOBAL COMPANY PROFILE:}

AMAZON.COM



_{FUNCTIONS OF INVENTORY}



Types of Inventory



_{INVENTORY MANAGEMENT}



ABC Analysis



Record Accuracy



Cycle Counting

Outline - Continued

Outline - Continued



_{INVENTORY MODELS}



Independent versus Dependent

Demand



Holding, Ordering, and Setup Costs



_{INVENTORY MODELS FOR}

INDEPENDENT DEMAND



Basic Economic Order Quantity (EOQ)

Model

Transparency Masters to accompany Heizer/Render – Principles of Operations Management, 5e, and Operations Management, 7e

© 2004 by Prentice Hall, Inc., Upper Saddle

River, N.J. 07458

12-4

Outline - Continued

Outline - Continued



_{PROBABILISTIC MODELS WITH}

CONSTANT LEAD TIME

Learning Objectives

Learning Objectives

When you complete this chapter,

you should be able to :

Identify or Define

:



ABC analysis



Record accuracy



Cycle counting



Independent and dependent

demand