Part One “The Importance of Inventory.” Chapter Six: Inventory.

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Presentation transcript:

Part One “The Importance of Inventory.” Chapter Six: Inventory

Retail Inventory

Manufacturing Inventory Supplier

Inventory Definitions Performance Cycle Supplier P.O The time it takes for a buyer to get a purchase order out to a seller up until when the buyer receives the order.

Inventory Definitionss Supplier Case Fill Rate 7 cases 5 cases or 71% of order The case fill rate is 71%. The percent of cases or units shipped as ordered

Reasons for Holding Inventory Supplier Economies of scale. Transportation carriers usually give discounts for bigger loads.

Reasons for Holding Inventory Economies of scale Assembly line $ $ $. $ Economies of scale mean that if I can set up my machine tools and make the same product over and over it cuts costs. This is called specialization in manufacturing..

Reasons for Holding Inventory Economies of scale Warehouse Assembly line $ $ $ $ $ $ $ $$ $ $

Reasons for Holding Inventory Economies of scale Warehouse Assembly line

Reasons for Holding Inventory Economies of Scale.

Reasons for Holding Inventory Economies of Scale. Specialization in manufacturing.

Reasons for Holding Inventory Balances supply and demand. Warehouse Assembly line

Reasons for Holding Inventory It provides protection from uncertainties in the demand and order cycle. Warehouse Assembly line

Reasons to Hold Inventory It enables achievement of economies of scale. It balances supply and demand. It enables specialization in manufacturing. It provides protection from uncertainties in the demand and order cycle.. End of Part One.