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    Inventory Management in Supply Chain

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    paradise Angel
    This document provides an overview of inventory management in supply chains. It discusses key concepts like the definition of inventory, the purpose of inventory management, and processes involved like replenishment and demand forecasting. Current issues with inventory management are also covered, such as maintenance policies, transportation costs, and holding costs. The document concludes that inventory is an important area for companies to focus on to differentiate themselves and meet changing customer expectations.

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    Inventory Management in Supply Chain

    Uploaded by

    paradise Angel
    204 views11 pages
    This document provides an overview of inventory management in supply chains. It discusses key concepts like the definition of inventory, the purpose of inventory management, and processes involved like replenishment and demand forecasting. Current issues with inventory management are also covered, such as maintenance policies, transportation costs, and holding costs. The document concludes that inventory is an important area for companies to focus on to differentiate themselves and meet changing customer expectations.

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    This document provides an overview of inventory management in supply chains. It discusses key concepts like the definition of inventory, the purpose of inventory management, and processes involved like replenishment and demand forecasting. Current issues with inventory management are also covered, such as maintenance policies, transportation costs, and holding costs. The document concludes that inventory is an important area for companies to focus on to differentiate themselves and meet changing customer expectations.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    204 views11 pages

    Inventory Management in Supply Chain

    Uploaded by

    paradise Angel
    This document provides an overview of inventory management in supply chains. It discusses key concepts like the definition of inventory, the purpose of inventory management, and processes involved like replenishment and demand forecasting. Current issues with inventory management are also covered, such as maintenance policies, transportation costs, and holding costs. The document concludes that inventory is an important area for companies to focus on to differentiate themselves and meet changing customer expectations.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 11

    Inventory Management in

    Supply chain
    Deepesh Singh, Ajay Verma
    Department of Mechanical Engineering, MANT Bhopal India
    Presented By H.M.Muzammil Qamar
    Introduction
    • Purpose
    To overview the Inventory management in supply chain and their
    current Inventory related issue
    • Secondary Research
    Introduction to Inventory

    • Raw materials, work-in-process products and finished goods that are


    considered to be the portion of a business's assets that are ready or
    will be ready for sale. Inventory represents one of the most important
    assets of a business.
    Inventory Management

    • Part of Supply chain management that plans, implements and


    controls the efficient, effective, forward, and reverse flow and storage
    of goods, services, and related information between the point of
    origin and the point of consumption in order to meet customer’s
    requirements.
    • Continuing process of planning, organizing and controlling inventory
    that aims at minimizing the investment in inventory while balancing
    supply and demand”. Specifically, the process is a supervision of
    supply, storage and accessibility of items in order to ensure an
    adequate supply without excessive oversupply.
    Scope of Inventory management
    • concerns the fine lines between replenishment lead time, carrying
    costs of inventory, asset management, inventory forecasting,
    inventory valuation, inventory visibility, future inventory price
    forecasting, physical inventory, available physical space, quality
    management, replenishment, returns and defective goods, and
    demand forecasting
    Supply chain
    • System of organizations, people, activities, information, and resources
    involved in moving a product or service from supplier to customer.
    Supply chain activities involve the transformation of natural
    resources, raw materials, and components into a finished product
    that is delivered to the end customer.
    • Network of organizations that are involved, through upstream and
    downstream linkages, in the different
    processes and activities that produce value in the form of products
    and services delivered to the ultimate consumer.
    Process View of Supply Chain
    • Cycle View the processes in a supply chain are divided into a series of
    cycles, each performed at the interface between two successive
    stages of a supply chain
    Push/Pull view
    • Processes in a supply chain are divided into two categories depending
    on whether they are executed in response to a customer order or in
    anticipation of customer orders. Pull processes are initiated by a
    customer order, whereas push processes are initiated and performed
    in anticipation of customer orders
    Current Inventory management issues
    • Maintenance policies
    • Transportation Cost
    • Holding Cost
    • Ordering Cost
    Methods To Solve inventory Issues
    • Identifying Various Current Inventory issues through direct
    observation in industry.
    • Review the literature i.e. review concepts theories and review
    previous research finding.
    • Formulate hypothesis and collect data for execution.
    • Analysis the data and make report i.e. output of methodology
    Conclusion
    • Inventory is an important area
    • Every company has to concentrate on and differentiate themselves
    with their competitors. With the growing demand for various varieties
    of products available all over the world people’s expectations are
    changing for every product. If a company wants to survive in the long
    run it should pay special attention to the area of supply chain and
    Inventory. Research is demanded to reduce the product cost and
    improve the quality with reduced failure rates.

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