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Procurement and Inventory Management Guide

The document outlines key concepts related to inventory management within supply chain management, including the types of inventory and their management techniques. It discusses various inventory management strategies such as just-in-time and safety stock, as well as the importance of warehouse performance. Additionally, it highlights the benefits of effective inventory management in overseeing materials from manufacturers to sales.

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andrei.hungar
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3 views9 pages

Procurement and Inventory Management Guide

The document outlines key concepts related to inventory management within supply chain management, including the types of inventory and their management techniques. It discusses various inventory management strategies such as just-in-time and safety stock, as well as the importance of warehouse performance. Additionally, it highlights the benefits of effective inventory management in overseeing materials from manufacturers to sales.

Uploaded by

andrei.hungar
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

1.

Schedule

Procurement 2. SCM

and 3. Procurement

Material
z Management 4. Inventory
(Part II)

MBA – CETYS
2021 MC Hiram Moncivais
z
3.2 MRP
data base

data base data processing

data base
3.4 Technology
z and Response (TQRDC)

T Technology
Q Quality
R Response
D Delivery
C Cost
z 4. Inventory Control
Inventory includes unprocessed materials, finished
products, supplies and works-in-progress. Inventory
management is a part of supply chain management that
oversees the inventory items from
manufacturers to storage to
where they are sold.
Scope: Owner:

1. Raw Material 1. Material Control


2. WIP 2. Production
3. Finished Goods 3. Shipping
z
Flow
4.1 Inventory
z Control vs Management
4.2 Inventory
z Management Techniques
• Just-in-time
inventory
management
• Safety stock
inventory
• FIFO and LIFO
• Consignment
inventory
• Long Keeping
inventory
• Inventory Accurate
4.3 Warehouse Performance
z

• Parts Storage
System
• Warehouse
Equipment
• Material Handling
• Material Transfer
• Material delivery
• Special Storage
• Inbound
• Outbound
4.4 Benefits
z of Inventory Management

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