Procurement and Inventory

Procurement and Inventory

Author: Marcel Keller

Publisher: GRIN Verlag

Published: 2010-10

Total Pages: 65

ISBN-13: 3640732049

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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.


The IOMA Handbook of Logistics and Inventory Management

The IOMA Handbook of Logistics and Inventory Management

Author: Institute of Management and Administration (IOMA)

Publisher: John Wiley & Sons

Published: 2002-10-01

Total Pages: 1059

ISBN-13: 047120935X

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Practical, easy-to-implement advice on the most successful logistics management techniques being used today--from selecting the best carriers, setting logistics performance goals, and planning logistics strategies, to streamlining shipping and receiving and slashing logistics costs, and negotiating and managing third party logistics service providers.


Supplier Price Analysis

Supplier Price Analysis

Author: Richard Newman

Publisher: Bloomsbury Publishing USA

Published: 1992-05-21

Total Pages: 200

ISBN-13: 0313066728

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A day does not go by that a buyer or purchasing agent does not complete a transaction and have the vague feeling that the price paid was too high. In an easy-to-read guide, Newman explores the subject of price, the components of which are shown to be compatible with information readily available from the supplier's annual report data, among other relevant sources. A simple example demonstrates how to determine the price structure of the supplier. Two complex cases follow, which are analyzed from the buyer's perspective. This book will help the buyer focus in on those areas of price which can be successfully negotiated as well as how to find the information in a cost-effective manner. It will also help direct buyers' attention to those suppliers who offer the greatest potential for cost reduction.


Inventory Management for Competitive Advantage

Inventory Management for Competitive Advantage

Author: Keith Jones

Publisher: Routledge

Published: 2020-03-02

Total Pages: 257

ISBN-13: 1000037843

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Smart, strategic inventory management delivers competitive advantage, yet Inventory Turn trends suggest that little seems to change. Sustainable improvement through increasing control of systems and processes generates savings that can, in turn, be invested in growth initiatives. Inventory is not something that just concerns planning, production and finance. By working to better understand and control their inventory-related processes, everyone can drive improvements that will harness inventory’s potential to become a source of sustainable competitive advantage. Unlike other guides to inventory management, this book is not only aimed at planners or inventory managers, but details the impact, both direct and indirect, that all functions have on inventory. It is rich in practical tools that can be clearly implemented, including a detailed purchasing strategy and guide to error management. It is also rich in best-practice cases that further show how to implement these methodologies in a real-world context. This book is essential reading for any manager or executive looking to boost their organisation’s competitive advantage, as well as students of inventory management, production and operations management.


Essentials of Inventory Management

Essentials of Inventory Management

Author: Max Muller

Publisher: AMACOM Div American Mgmt Assn

Published: 2011

Total Pages: 272

ISBN-13: 0814416551

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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-principles and Practices.

Inventory Management-principles and Practices.

Author: P. Narayan

Publisher: Excel Books India

Published: 2009

Total Pages: 248

ISBN-13: 9788174465917

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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.


Manufacturing Inventory and Supply Analysis

Manufacturing Inventory and Supply Analysis

Author: Sanjay Sharma

Publisher: CRC Press

Published: 2021-10-18

Total Pages: 241

ISBN-13: 1000457753

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This reference text discusses models and analyzes cases that are useful for material requirements planning (MRP), just-in-time (JIT) environments and supply chain environments, as well as traditional production-inventory systems. It covers important concepts, including production-inventory systems, optimal purchase quantity, optimal production quantity, instantaneous procurement, multiple input items, sensitivity analysis, multiproduct manufacturing, determination of optimum cycle time, fractional backlogging, and incorporating input item procurement and flexibility in the production rate. Aimed at senior undergraduate and graduate students, and professionals in the field of industrial engineering, production engineering and manufacturing science, this text: Provides detailed models/analysis pertaining to various cases which are useful for material requirements planning and supply chain environments Elaborates manufacturing rate flexibility, demand variation and production rate variation Discusses the multi-item manufacturing environment and presents models with backorders, as well as fractional backlogging Analyzes flexible production rates, along with upward and downward variations