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picture1_Slideshare Management 75197 | Inventory Management


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File: Slideshare Management 75197 | Inventory Management
meaning of inventory management inventory management refers to the process of ordering storing using and selling a companys inventory this includes the management of raw materials components finished products as ...

icon picture PPTX Filetype Power Point PPTX | Posted on 02 Sep 2022 | 4 years ago

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Partial capture of text on file. 
                                    INVENTORY
      MEANING
      • held for SALE
      • Consumed in the PRODUCTION of 
          goods/services
       Forms of Inventory for Manufacturing Comp.
                        Raw materials, Work in process, 
                        Finished goods and stores & spares
    Inventory Management- objectives
  • minimize investments in inventory
  • meet the demand for products by 
   efficiently organizing the production & 
   sales operations
  COSTS OF HOLDING INVENTORIES
  • Ordering costs
  • Inventory Carrying costs
  • Opportunity costs of funds blocked
  • Shortage
   RISK OF HOLDING INVENTORY
  •  Price decline
  •  Product Deterioration
  •  Product Obsolescence
   TOOLS & TECHNIQUES OF INVENTORY 
       MANAGEMENT/ CONTROL
  •  ABC Analysis
  •  Economic Ordering Quantity (EOQ)
  •  Order Point Problem
  •  Two Bin Technique
  •  VED Classification
  •  HML Classification
  •  SDE Classification
  •  FSN Classification
  •  Order Cycling System
  •  Just In Time (JIT)
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...Meaning of inventory management refers to the process ordering storing using and selling a companys this includes raw materials components finished products as well warehousing processing such items objectives main objective is determine level for each type purchasing carrying costs should be compared with its benefits example when firm purchases in bulk quantity out stock risk decrease but case it continues purchase reaches point where exceede therefore maintain only proper not financial manager concerned also affects marketing production managers determining an optimum co ordination among all them essential explained detail ensure that supply material goods will remain continuous so halted demands customers are duly met minimize keep investment at reduce losses theft obsolescence wastage etc make arrangement sale slow moving ffeeaattuurrees os if innvveennttoorryy manmanagageemmeenntt comprised many system makes handling inventories easy simpler task owing services overall efficiency...

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Category: Uncategorized / Uncategorized
Posted on: 02 Sep 2022 | 4 years ago
Tag: download pptx, inventory, management,
Filetype: PPTX
File size: 0.82 MB
Views: 396x
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