Supply Chain Fundamentals Module 5 - Inventory Management (PowerPoint PPTX)

BENEFITS OF DOCUMENT

1. Understand all aspects of Inventory Control and Management

DESCRIPTION

This product (Supply Chain Fundamentals Module 5 - Inventory Management) is a 69-slide PPT PowerPoint presentation (PPTX), which you can download immediately upon purchase.

The Supply Chain Fundamentals Series has 5 modules in all as below:
Module 1 – Forecasting – 73 Slides
Module 2 – Aggregate Planning – 28 Slides
Module 3 – Materials Requirement Planning – 36 Slides
Module 4 – Scheduling – 43 Slides
Module 5 – Inventory Management – 69 Slides

The 5th Module on Inventory Management covers the following topics:
Independent versus Dependent Demand
Costs associated with Inventory
Order Quantity Strategies
Determining Order Quantity (EOQ, EPQ and QD)
Inventory Parameters
Order Point
Safety Stock
Lead Time
ABC Analysis
Inventory Management Policies
Cycle Counting
Inventory Record Accuracy
Periodic versus Perpetual Inventory

Buy all the 5 modules as a bundle and receive 25% discount!

This module delves into the intricacies of inventory management, providing a comprehensive overview of the various types of inventories within the supply chain, including raw materials, components, work-in-process, finished goods, distribution inventory, and MRO supplies. It meticulously breaks down the costs associated with inventory, such as item cost, holding costs, ordering cost, and shortage costs, offering a clear understanding of the financial implications of inventory decisions.

The PPT also explores sophisticated methods for determining order quantities, including the Economic Order Quantity (EOQ), Economic Production Quantity (EPQ), and Quantity Discount Model. These models are essential for optimizing order sizes and minimizing total costs, with detailed examples and equations to illustrate their application.

Additionally, the module covers ABC analysis, a critical tool for inventory categorization, helping managers prioritize their focus on the most valuable items. It also includes methods of validation such as FIFO, LIFO, and Weighted Average Cost, providing a robust framework for accurate inventory valuation. This module is a must-have for executives aiming to refine their inventory management strategies and drive operational excellence.

Source: Best Practices in Inventory Management PowerPoint Slides: Supply Chain Fundamentals Module 5 - Inventory Management PowerPoint (PPTX) Presentation, OpEx Academy NZ