Seminar paper from the year 2010 in the subject Business economics - Supply, Production, Logistics, grade: 1,0, Coventry University, language: English, abstract: It is a matter of fact that through increasing globalisation, multinational companies now face a wide range of issues related to their business, for instance, the processes of purchasing and manufacturing as well as the management of inventory. Furthermore, multinational companies have major implications on the external environment. This report will focus on Unilever ́s procurement function and their inventory requirements. Unilever is a multinational company with more than 400 brands spanning 14 categories of nutrition, home, personal and care products with presence in more than 100 countries worldwide to meet everyday needs.
Does inventory management sometimes feel like a waste of time? Learn how to maximize your inventory management process to use it as a tool for making important business decisions.
Inventory management is a critical component of supply chain management, addressing how much inventory should be carried across the supply chain, where to carry it, and how much safety stock is required to meet the organization's cost and customer service objectives. Now, there's an authoritative and comprehensive guide to best-practice inventory management in any organization. Authored by world-class experts in collaboration with the Council of Supply Chain Management Professionals (CSCMP), this text gives students and practitioners a thorough understanding of each leading approach to managing supply chain inventories, and the variables that drive decisions about inventory levels. It discusses the fundamental need for inventory, how product value affects inventory decisions, how to determine inventory levels, how the number of inventory locations affects inventory levels, and new approaches to reducing inventory. Coverage includes: Basic inventory management goals, roles, concepts, purposes, and terminology, including periodic inventory, perpetual inventory, safety stock, cycle count, ABC analysis, carrying and stockout costs, and more Key inventory management elements, processes, and interactions Principles/strategies for establishing efficient and effective inventory flows The critical role of technology in inventory planning and management New approaches to reducing inventory including postponement, vendor-managed inventories, cross-docking, and quick response systems Understanding essential trade-offs between inventory and transportation costs, including the impact of carrying costs Requirements and challenges of global inventory management Best practices for assessing inventory management performance using standard metrics and frameworks
An authoritative guide to planning, implementing, measuring, and optimizing supply management and procurement processes, this book brings together up-to-the-minute principles, strategies, and decisions for all relevant processes, strategies, and tactics.
The book Inventory Management Principles and Practices explains all the fundamental principles of Inventory Management. It starts with a definition of Inventory, why it is needed as well as not needed, what is its impact on a business, how do we classify them for ease of control and what are the various techniques of inventory control. Inventory is an outcome of procurement. So obviously, while studying inventories, the logic behind its procurement should be studied. Hence, chapters on Manufacturing Resources Planning have been added. Just-in-time principles and TQM are some more methods of achieving world-class manufacturing, so they have also been included here. In the present scenario, all activities are being computerized. So lessons on e-commerce as well as all the latest technologies that are affecting Inventory Management have been included. Chapters have been included on methods to handle specific classes of inventories such as spare parts inventory, finished goods inventory, work-in-process inventory, surplus, obsolete and non-moving inventory, etc. Logistics and supply chain management defines the path which a material takes in it s life through a company. So it was essential to include a chapter on it also. Keeping in mind the syllabus prescribed in the various universities on this subject, the chapters have been designed accordingly. A chapter has also been included on some motivational thoughts outlining some principles, which would help us to become successful in life. The principles outlined here are universal, applicable to any situation, organization or country.
Seminar paper from the year 2010 in the subject Business economics - Supply, Production, Logistics, grade: 1,0, Coventry University, language: English, abstract: It is a matter of fact that through increasing globalisation, multinational companies now face a wide range of issues related to their business, for instance, the processes of purchasing and manufacturing as well as the management of inventory. Furthermore, multinational companies have major implications on the external environment. This report will focus on Unilever ́s procurement function and their inventory requirements. Unilever is a multinational company with more than 400 brands spanning 14 categories of nutrition, home, personal and care products with presence in more than 100 countries worldwide to meet everyday needs.
