INVENTORY MANAGEMENT Importance of Inventory Management -- Good inventory management is essential to the successful operation for most organizations because of: 1. The amount…

INVENTORY MANAGEMENT Importance of Inventory Management -- Good inventory management is essential to the successful operation for most organizations because of: 1. The amount…

OVERVIEW Forecasting is the process of estimation in unknown situations. Prediction is a similar, but more general term. Both can refer to estimation of time series, cross-sectional…

Economic Order Quantity Presented by : Rajneesh Ranjan Introduction Economic order quantity is the level of inventory that minimizes the total inventory holding costs and…

Operations Management Chapter 1 – Operations and Productivity What Is Operations Management? Production is the creation of goods and services Operations management (OM)…

www.oqp.in SCDL- PGDBA- II Semester Finance Management Paper Code -108 ____________________________________________________________________ LIST OF ATTEMPTED QUESTIONS AND…

Components of working capital 1 1. INVENTORY MANAGEMENT 2 Inventory Liquidity Liquidity lags ± Creation ± Storage ± Sale 3 Purpose Behind Maintaining Inventories To avoid…

1. Continuous Replenishment Programme (CRP)GOALS: Focus on efficient replenishment of  Increase inventory turnsproducts Reduce inventory levels Part of Efficient…

1. CHAPTER 6: MANAGING INVENTORY 2. Inventory Management Objective: 1. Maximize inventory turnover 2. Carry sufficient inventoriesEXCESSIVE Heavy burden on cashINSUFFICIENT…

1. PRODUCTION MANAGEMENTBBA SEMESTER 6 Module 3 2. Contents Materials managementScope & Importance , methods of purchasing Inventory control – Objectives…