B A 360 Lecture Notes - Lecture 18: Pareto Analysis, Carrying Cost, Production Planning
Document Summary
Economies demand of of suppl of scale. Inventory management - art and science of building to match supply keeping and and demand cost effective way inventories in the most types of. Purchased work in process processed but not ( wip) " necessary keep to shipment kneeling demand ( mro) efficiently productive for storing the final inventory sale. Inventory holding of costs pocket expenses all costs involved before inventory cost of. " delay increase return on the funds invested costs problems in detection of the introduction of new products quality throughput times systems and. Record an dollar typically n 20% of value inventory typically the inventory typically only -5% of. Accuracy accurate records are a additional - 30% of items with 45 % dollar value the remaining -50% of items accounting for the inventory dollar valve and production critical prerequisite for planning inventory.
