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    1 Lesson 10 - Inventory

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    Vincent Fajardo
    The document discusses strategies for effective inventory management. It classifies the factors that affect inventory, such as component stock, work in progress, and final product levels. It explains that high component stock can lead to low inventory rotation, obsolescence risk, and wasted resources. The document recommends increasing transport and warehouse to production line frequencies and reducing transit times and lead times to help reduce stock levels of components. It also suggests reducing variation through better communication with customers. The overall goal is to maintain the right level of inventory to balance needs for material supplies, smooth operations, and customer service while minimizing overstock.

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    1 Lesson 10 - Inventory

    Uploaded by

    Vincent Fajardo
    5 views15 pages
    The document discusses strategies for effective inventory management. It classifies the factors that affect inventory, such as component stock, work in progress, and final product levels. It explains that high component stock can lead to low inventory rotation, obsolescence risk, and wasted resources. The document recommends increasing transport and warehouse to production line frequencies and reducing transit times and lead times to help reduce stock levels of components. It also suggests reducing variation through better communication with customers. The overall goal is to maintain the right level of inventory to balance needs for material supplies, smooth operations, and customer service while minimizing overstock.

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    1 Lesson 10_ Inventory

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    1 Lesson 10_ Inventory

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    The document discusses strategies for effective inventory management. It classifies the factors that affect inventory, such as component stock, work in progress, and final product levels. It explains that high component stock can lead to low inventory rotation, obsolescence risk, and wasted resources. The document recommends increasing transport and warehouse to production line frequencies and reducing transit times and lead times to help reduce stock levels of components. It also suggests reducing variation through better communication with customers. The overall goal is to maintain the right level of inventory to balance needs for material supplies, smooth operations, and customer service while minimizing overstock.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    5 views15 pages

    1 Lesson 10 - Inventory

    Uploaded by

    Vincent Fajardo
    The document discusses strategies for effective inventory management. It classifies the factors that affect inventory, such as component stock, work in progress, and final product levels. It explains that high component stock can lead to low inventory rotation, obsolescence risk, and wasted resources. The document recommends increasing transport and warehouse to production line frequencies and reducing transit times and lead times to help reduce stock levels of components. It also suggests reducing variation through better communication with customers. The overall goal is to maintain the right level of inventory to balance needs for material supplies, smooth operations, and customer service while minimizing overstock.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    of 15

    Managing Materials:

    Inventory

    Hermilinda Q. Sumagpao, MBA, LPT


    College of Entrepreneurship
    AY-2021-2022
    LEARNING OUTCOME

    • Classify the different factors that affects


    inventory.

    • Explain strategies and tools used for effective


    inventory management.
    How to Reduce Inventory?

    Inventory
    Final Product
    Component stock WIP

    High component stock=


    Low inventory rotation
    Obsolescence risk
    Waste resources
    Need of stock

    • Deal with material supplies


    • Make the operation smoothly
    • Give the service to the customer
    Need for stock and Right level of inventory

    • Quantity between the 2 supplier deliveries

    • Quantity for operator pick up Just -In-Time

    • Quantity to protect production from supplier problem

    • Quantity to protect from demand variation


    How can we reduce the stock of components?

    • Increase transport frequency


    • Increase frequency from warehouse to production
    line.
    • Reduce transit time.
    • Work customer to anticipate variation
    • Reduce inbound lead-time
    Time to
    communicate Time to
    with supplier ship

    Time to
    Time to
    detect a
    produce
    need
    -End of Presentation-

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