Essay On Inventory Management

CHAPTER 3. Mechanisms for increasing the efficiency of IMS

The aim of this work is to develop models of acceptance decisions inventory management processes providing increased the effectiveness of the inventory management systems of small companies by economic performance. First of all this indicator are costs arising in the process of stockpile management. To them include the cost of purchasing material resources, storage, warehousing, internal displacement, debt, fines, etc. Within inventory management can be taken into account and the income from sales of tangible resources that compensate for the losses.

3.1. Classification of inventory system

The lot size Re-order Point policy:

Once the inventory level drops to a predetermined value (called Re-order Point), replenishment order is placed in the EOC. Order size is constant; and economically driven. This is a classic Type of inventory policy. In adopting this system, lead time, the gap between the placement of replenishment of the order and its subsequent receipt considered

The established order of domestic policy planning:

In accordance with this policy, the time between two insists he remains constant. Here, the longest predetermined. Fixed intervals of time intervals, inventory levels are determined. On each determination of the level of reserves, placed the order of the size which allows the current inventory level to go up to the maximum stock. The order Size may change from time to time.

Additionally Replenishment Policy:

The popularity of this brand (s,s) policy. Inventory levels are periodically reviewed and maximum (s), minimum (s) level of reserves, which provided. Considering its stock on hand (inventory level) is within a < = s, order of size Q is plac...

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...ventory management showed that the focus on models determine the optimal moment and volume of the order. While insufficient attention is paid to the problems control inventory levels and management of unwanted stocks. The variety of existing models of stock management due to the orientations of the models for a certain consumption patterns, revenue reserves and nature storage.

To improve the efficiency of inventory management need to develop approaches to the solution and integrated model control object, on the basis of which can be developed more versatile methods of decision making used in the inventory management system on small size companies with a wide range of goods resources various kinds.

A stock is a certain amount of material resource, stored at the point of supply that occur at the point of origins tock and consumed at the point of consumption stock.