SCM 300 Lecture Notes - Lecture 2: Demand Forecasting, Carrying Cost, Vertical Integration
Document Summary
Inventory is an expense, yet it is a required cost of doing business. In order to satisfy customer expectations inventory is a requirement. This module discussed the different types of inventory and the physical and mental processes that need to be considered in developing an inventory policy. In order to develop an appropriate level of inventory supply it is required that you understand demand. Financial impact of sm 38-39 goals of purchasing. Japanese cars are seen as durable, reliable and high in quality. Despite the low cost wage opportunities presented by chinese and indian suppliers. Explain the benefits of honda"s best practices program to both honda suppliers and. Part 1: introduction to inventory slides 02-16, 53. Inventory classifications - long-term, seasonal, safety stock, market, pipeline, perishable, anticipation. Part 1: basic forecasting models - slides 35-39. Part 2: total cost of inventory and eoq - slides 18-34. High vs low inventory benefits, downsides, tradeoffs.