生产运营课件v11.pptVIP

Types of Inventories Raw materials purchased parts Partially completed goods called work in progress Finished-goods inventories (manufacturing firms) or merchandise (retail stores) Types of Inventories (Cont’d) Replacement parts, tools, supplies Goods-in-transit to warehouses or customers Functions of Inventory To meet anticipated demand To smooth production requirements To decouple operations To protect against stock-outs Functions of Inventory (Cont’d) To take advantage of order cycles To help hedge against price increases To permit operations To take advantage of quantity discounts O