'Economic order quantity eoq' presentation slideshows

Chapter 6 Inventory Control Models

Chapter 6 Inventory Control Models. Prepared by Lee Revere and John Large. Learning Objectives. Students will be able to: Understand the importance of inventory control and ABC analysis. Use the economic order quantity (EOQ) to determine how much to order.

1.34k views • 71 slides

Chapter

Chapter. Inventory Management. Overview. Opposing Views of Inventories Nature of Inventories Fixed Order Quantity Systems Other Inventory Models Wrap-Up. Opposing Views of Inventory. Why We Want to Hold Inventories Why We Not Want to Hold Inventories. Why We Want to Hold Inventories.

938 views • 59 slides

Managing Inventory throughout the Supply Chain Chapter 14

Managing Inventory throughout the Supply Chain Chapter 14. Chapter Objectives. Be able to: Describe the various roles of inventory, including the different types of inventory and inventory drivers. Distinguish between independent demand and dependent demand inventory.

938 views • 52 slides

Managing Inventory throughout the Supply Chain Chapter 11

Managing Inventory throughout the Supply Chain Chapter 11. Chapter Objectives. Be able to: Describe the various roles of inventory, including the different types of inventory and inventory drivers. Distinguish between independent demand and dependent demand inventory.

767 views • 52 slides

569 views • 47 slides

Order Management

Order Management. Procurement in Industrial Management BPT3133. Chapter Outline. Order Processing Ordering Process Flow Document Involved Order Quantities Independent Demand Order System Economic Order Quantity (EOQ) Reorder Point System (ROP) Computer Information System.

4.42k views • 37 slides

Inventory Management

Inventory Management. What is inventory?. Inventory is the raw materials, component parts, work-in-process, or finished products that are held at a location in the supply chain. Why do we care?. At the macro level:. Inventory is one of the biggest corporate assets (RM).

355 views • 35 slides

Purchasing and Inventory Management

Purchasing and Inventory Management. Inventory management means minimizing the investment in inventory while balancing supply & demand. Proper management of inventory has a significant impact on both the financial & the operational aspects of any pharmacy.

637 views • 34 slides

Inventory Management

Inventory Management. What is inventory?. Inventory is the raw materials, component parts, work-in-process, or finished products that are held at a location in the supply chain. Why do we care?. At the macro level:. Inventory is one of the biggest corporate assets ($).

550 views • 34 slides

Chapter 6 Inventory Control Models

Chapter 6 Inventory Control Models. Chapter Learning Objectives. Students will be able to: Understand the importance of inventory control. Use the economic order quantity (EOQ) to determine how much to order. Compute the reorder point (ROP) in determining when to order more inventory.

382 views • 33 slides

LESSON 11: INVENTORY MODELS (DETERMINISTIC)

LESSON 11: INVENTORY MODELS (DETERMINISTIC). Outline Hierarchy of Production Decisions Inventory Control Questions Inventory Control Costs The Economic Order Quantity (EOQ) model The EOQ Model Costs The EOQ Some Important Characteristics of the EOQ Cost Function.

333 views • 32 slides

OMG 402 - Operations Management Spring 1997

266 views • 26 slides

Inventory Control

Inventory Control. Inventory. Inventory is the stock of items kept in hand to meet the fluctuating Demand. A Certain level of Inventory is maintained that will help in fulfilling the anticipated demand. Types of Inventory. Raw Materials

370 views • 26 slides

INVENTORY MANAGEMENT

INVENTORY MANAGEMENT. Inventory. Raw material In-Process Finished Goods Components & spare Parts Inventory Costs Purchase Cost Ordering Costs Carrying / Holding Costs Shortage Costs. Types of Inventory. Seasonal Inventory Arise out of seasonality Decoupling Inventory

694 views • 17 slides

Second Visit - Arax Gold

Second Visit - Arax Gold. 12 September, 2005. Reasons for success. Normal, traditional jewelry manufacturing through mature investment casting technology. Inexpensive labor Which is reasonably qualified Existence of markets (although this keeps the company without its brand name).

222 views • 16 slides

Second Visit - Arax Gold

Second Visit - Arax Gold. 12 September, 2005. Reasons for success. Normal, traditional jewelry manufacturing through mature investment casting technology. Inexpensive labor Which is reasonably qualified Existence of markets (although this keeps the company without its brand name).

169 views • 16 slides

Purchasing & Stock Control

267 views • 9 slides

Impact of FDI in Retail Sector

Growing at 12% Compounded Annual Growth Rate (CAGR), the Indian Retail Market (IRM) is expected to touch trillion dollar mark in the year 2020. It accounts for over 10% of the countryu2019s Gross Domestic Product (GDP) and around 8% of the employment.

85 views • 7 slides