12-11-2012, 05:48 PM
Managing Facilitating Goods
RM.ppt (Size: 426.5 KB / Downloads: 181)
Learning Objectives
Discuss the role of information technology in managing inventories.
Describe the functions and costs of an inventory system.
Determine the order quantity.
Determine the reorder point and safety stock for inventory systems with uncertain demand.
Design a continuous or periodic review inventory-control system.
Conduct an ABC analysis of inventory items.
Determine the order quantity for the single-period inventory case.
Describe the rationale behind the retail discounting model.
Role of Inventory in Services
Decoupling inventories
Seasonal inventories
Speculative inventories
Cyclical inventories
In-transit inventories
Safety stocks
Inventory Models
Economic Order Quantity (EOQ)
Special Inventory Models With Quantity Discounts Planned Shortages
Demand Uncertainty - Safety Stocks
Inventory Control Systems Continuous-Review (Q,r) Periodic-Review (order-up-to)
Single Period Inventory Model
Interactive Exercise
The class engages in an estimation of the cost of a 12-ounce serving of Coke in various situations (e.g., supermarket, convenience store, fast-food restaurant, sit-down restaurant, and ballpark). What explains the differences?