Inventory management a detailed presentation
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The document outlines inventory management processes that oversee a company's inventory, focusing on ensuring product availability, preventing stockouts, and reducing costs. It details requirements for effective inventory management, including demand forecasting, inventory tracking, and various inventory models like EOQ, EPQ, FOI, and the single-period model. Additionally, it emphasizes the importance of accurate record keeping, variation reduction, and collaboration with suppliers to enhance supply chain effectiveness.
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Chihuahua, Mexico: 2,179 (+239) cases, 4 fatalities, 7 currently hospitalized.
Canada: 3,207 (+208), 1 fatality
Ontario Outbreak, Canada: 2,115 (+74) cases, 158 hospitalizations, 1 fatality.
Alberta, Canada: 879(+118) cases, 5 currently hospitalized.GEOGRAPHY-Study Material [ Class 10th] .pdf
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See our 2 Starter PDFs within a Compressed, Zip Drive. Within Shop. Videos will be available Before the Weekend of 6/14th. For the US, Happy Fathers Day Weekend. (Our readers/teams are global.) Also, our content remains timeless for Future Grad Students seeking updates.
After about a Year or 10, I retire older content. Literally up to under 10 yrs. We will be 19 yrs old this Aug for Love and Divinity in Motion (LDM). How old are we? So funny. Our oldest profile is X, formerly Twitter. From our old Apple Podcast Years.
https://ldm-mia.creator-spring.com
Session/Lesson 1 -Intro
REIKI- YOGA ORIENTATION
It helps to understand the text behind anything. This improves our performance and confidence.
Your training will be mixed media. Includes Rehab Intro and Meditation vods, all sold separately.
Editing our Vods & New Shop. Retail under $30 per item.
*Store Fees will apply. *Digital Should be low cost.
Thank you for attending our free workshops. Those can be used with any Reiki Yoga training package. Traditional Reiki does host rules and ethics. Its silent and within the JP Culture/Area/Training/Word of Mouth. It allows remote healing but theres limits for practitioners and masters. We are not allowed to share certain secrets/tools. Some content is designed only for Masters...
Next Upload will be our Video package for Session 1. Prices will be affordable as possible. Thx for becoming a "Practitioner Level" Student.
Updates so far, are every week for spring. Summer should be a similar schedule. Thx for visitings, attending, and following LDMMIA.
Social Media:
https://x.com/OnlineDrLeZ
and
https://www.instagram.com/chelleofsl/
Introduction to Generative AI and Copilot.pdf
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SCHIZOPHRENIA OTHER PSYCHOTIC DISORDER LIKE Persistent delusion/Capgras syndr...
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Inventory management a detailed presentation
- 1. Inventory Management Course : Operation Management
- 2. Introduction the process of overseeing a company's inventory, which includes ordering, storing, using, and selling raw materials, components, and finished products. The goal of inventory management is to ensure the right products are available at the right time to meet demand, prevent stockouts, and reduce costs. it's a key asset for a business. Inventory management is a vital process that involves overseeing the flow of goods from production to consumption.
- 3. Requirements for Effective Inventory Management Demand forecasting: Using historical data, market trends, and other factors to predict future demand for products and materials. This helps determine the right inventory levels to meet customer needs. Inventory tracking: Using inventory management software to track and record every product movement within the supply chain. This helps monitor stock levels, identify discrepancies, and ensure timely replenishment. Accurate sales records: For manufacturers, accurate sales records are needed to plan inventory needs and inform materials suppliers. Inventory classification system: A system to classify inventory. Optimized purchase order model: An optimized model for purchase orders. Knowledge of lead times: Understanding lead times. Holding, ordering, and shortage cost estimate: Estimates of holding, ordering, and shortage costs.
- 4. How Much to Order: EOQ & EPQ Models The Economic Order Quantity (EOQ) model is a calculation that helps businesses determine how much inventory to order to minimize costs and avoid overstocking. Economic Production Quantity (EPQ) is a mathematical model that helps companies determine the optimal quantity to produce or order to minimize inventory costs
- 5. Fixed Order-Interval Model The fixed order-interval (FOI) model is an inventory management system that involves placing orders at a fixed interval of time. In this model, the amount to order is determined by the maximum stock level, or S, and the constant interval for reordering, or T. The FOI model is suitable for retail operations that can group orders for items from the same supplier, such as drugstores and small grocery stores. The advantages of the FOI model include: Inventory control: The FOI model provides considerable control over inventory. Shipping costs: Grouping orders for items from the same supplier can produce savings in shipping costs. Packaging and ordering costs: The FOI model can lead to possible savings in packaging and ordering costs
- 6. The Single-Period Model The single-period model, also known as the newsboy problem, is a system for determining how much of a product to order when it has a limited shelf life or a single selling season. The goal is to maximize profit while minimizing the risk of overstocking or understocking. The single-period model is used for products like: Newspapers, Flowers, Seasonal clothing, Christmas trees, Bakery goods, and Magazines.
- 7. Operations Strategy Record Keeping: Accurate and up-to-date inventory records are crucial for informed decisions. Regularly review and update estimates of holding, ordering, setup costs, demand, and lead times. Variation Reduction: Reducing lead time variability and forecast errors can significantly improve inventory management and lower costs. Lean Operation: Demand-driven systems align production with actual demand. Smaller lot sizes lower holding costs, simplify processes, and reduce ordering/setup costs, resembling a "just-in-time" approach. Benefits include reduced average inventory, lower carrying costs, fewer workflow disruptions, decreased space needs, and better problem detection. Supply Chain Management: Collaboration with suppliers to coordinate shipments, reduce lead times, and manage supply chain inventories can minimize stockouts and carrying costs. Strategies like blanket orders, vendor-managed inventories, and cross- docking reduce transaction and storage costs.