| Topic : Warehouse and inventory management |
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Inventory Controllers
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Source : http://www.freeseinc.com
Activity:
2 comments
534 views
last activity : 07 06 2010 20:18:04 +0000
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What is inventory and why is it such an issue? If it’s all
that costly why does everyone carry so much of it? What is the purpose of
inventory? What’s the difference between a “push” and a “pull” inventory? What
are inventory “categories”, classifications? What is the connection between
customer service and safety stock? What are the trades-offs between inventory
and service or service and inventory?
If we talk about pareto and his way of calculating inventory
levels then there would be lot of areas where we can find the approach is not right.
Even the 80/20 approach fails some time. Now if we look at these 12 steps
approach towards inventory management we will find this approach to be
different from that of pareto. Lets look at these 12 approaches...
- EOQ -
Economic Order Quantity
- Inventory
Carrying Costs
- Pull
Inventory / Push Inventory
- Custom
Blending
- Make
to Order or Make to Stock
- ABC
Analysis
- Re-ordering
- Cycle
Counting
- Valuation
- Safety
Stock
- Demand
Variability
- Inventory
Accuracy
If we know with certainty that when we go to get an item it is going to be in the same location, in the same quantity, with the same SKU that’s on the item master, we don’t have to have the safety stock for the variability of inventory inaccuracy. These and other variables have to be taken care of when it comes to inventory.
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Sir, please clearly mention the sides and give a bit of explanation so that we can give proper comments. |
Yes I agree with you. But Mumbai does not have a healthy environment. |