小企业管理ppt课件.pptVIP

Objectives of Inventory Management Ensuring Continuous Operations Maximizing Sales Protecting Assets Minimizing Inventory Investment Figure 10-3 Graphic Portrayal of the Economic Order Quantity EOQ Total Costs Ordering Costs Carrying Costs Order Quantity (Units) Cost ($) Figure 10-4 Inventory Management and Operations ABC Inventory Analysis A system of classifying items in inventory by relative value Category A (close/continuous control) High-value or critical production component items Category B (moderate control) Less costly, secondary importance items Category C (periodic control) Low-cost and noncritical items …continued4 Inventory Management and Operations Just-In-Time Inventory (JIT) System, also Kanban A method of reducing inventory level to an absolute minimum. New items arrive at the same time that the last inventory item is placed in service JIT promotes: Closer coordination with suppliers Consistent quality production Lower safety stock levels …continued Inventory Management and Operations Inventory Record-Keeping Systems Physical inventory system A method that provides for periodic counting of items in inventory Cycle counting A system of counting different segments of the physical inventory at different times during the year. Perpetual inventory A method for keeping a running record of inventory. * * * * * Chapter 10 Copyright ? 2007 by Nelson, a division of Thomson Canada Limited. PowerPoint Presentation by Patricia Peel, University of Guelph-Humber Operations Management and Control Systems 10 Looking Ahead After studying this chapter, you should be able to: 1. Discuss the nature of the operations process for both products and services. 2. Describe the need for management control systems. 3. Explain the key elements of total quality management (TQM) programs. 4. Explain how reengineering and other methods of work improvement can increase productivity and make a firm more competitive. 5. Discuss the importance of purchasing and the nature of key p