Inventory classification exercise.

Breakout. Mini-group exercise

1
Operations Management
Inventory Classification Exercise: Examples.
Process, ‘Inventories’
operation or
supply Physical inventories Queues of Information in
network customers databases

Hotel

Hospital

Credit card
application
process

Computer
manufacturer

Operations Management
Some reasons to avoid inventories
‘Inventories’
Physical inventories Queues of customers Digital information in
databases
Cost

Space

Quality

Operational /
organisational

Others?

Operations Management
Some ways in which physical inventory may be reduced

Reason for Example How inventory could be

holding inventory reduced

Operations Management