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(INVENTORY)
PREPARED FOR:
DR. SABARIAH YAAKUB
PREPARED BY:
MOHAMAD SAFWAN OTHMAN 228249
MOHD ZIA-UDDIN NASIR 229176
TANG WEI KE 230145
INTERNATIONAL
LOGISTICS GFML 3053
INVENTORY
INTRODUCTION
Inventory - A physical resource that a firm
holds in stock with the intent of selling it or
transforming it into a more valuable state and
it could be an itemised catalogue or list
of tangible goods or property, or
the intangible attributes or qualities.
Inventory System - A set of policies and
controls that monitors levels of inventory and
determines what levels should be maintained,
when stock should be replenished, and how
large orders should be placed.
Why do we keep inventory?
 To stabilise production
 To keep inventory as to saving
time
 To meet the demands during
the replenishment periods
 To face uncertainty
 To achieve economics of
scale
Goods in inventory could be
categorise as
 Raw materials
 Purchased parts
 Components
 Subassemblies
 Work-in-process
 Finished goods
Inventory cost
 Purchase (or Production) cost
 Capital cost
 Ordering cost
 Distribution cost
 Inventory carrying costs
(inventory holding costs)
 Shortage cost
 Shrinkage cost
Inventory visibility
 Reduce Inventory Cycle Times and
Inventory Days on Hand
 Improve efficiency by automating
the business and inventory policy
 Increase inventory certainty with in
the Supply Chain reduces safety
stock requirements
 Increase revenue with shorter lead
times
 Create logistics confidence across
internal stakeholders and customers
 Improve trading partner
relationships and efficiencies
Inventory visibility features
 On hand as well as in-transit
inventory
 Global and Local visibility across all
modes, geographies and supply
chain locations
 Monitor items and their status at
each node in your storage
 Inventory visibility down to the
Stock Keeping Unit (SKU) level
 Inventory data by supplier,
warehouse, quantity on hand, aging,
description
 Inventory status such as held,
Managing inventory
 JIT (Just-In-Time)
 ERP (Enterprise Resource
Planning)
 MRP (Material Requirements
Planning)
 MRP II (Manufacturing
Resource Planning)
CONCLUSION
THANK YOU!
TERIMA KASIH!
XIEXIE!
DANKE SCHON!

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What is Inventory? (International logistics)

  • 1. (INVENTORY) PREPARED FOR: DR. SABARIAH YAAKUB PREPARED BY: MOHAMAD SAFWAN OTHMAN 228249 MOHD ZIA-UDDIN NASIR 229176 TANG WEI KE 230145 INTERNATIONAL LOGISTICS GFML 3053
  • 3. INTRODUCTION Inventory - A physical resource that a firm holds in stock with the intent of selling it or transforming it into a more valuable state and it could be an itemised catalogue or list of tangible goods or property, or the intangible attributes or qualities. Inventory System - A set of policies and controls that monitors levels of inventory and determines what levels should be maintained, when stock should be replenished, and how large orders should be placed.
  • 4. Why do we keep inventory?  To stabilise production  To keep inventory as to saving time  To meet the demands during the replenishment periods  To face uncertainty  To achieve economics of scale
  • 5. Goods in inventory could be categorise as  Raw materials  Purchased parts  Components  Subassemblies  Work-in-process  Finished goods
  • 6. Inventory cost  Purchase (or Production) cost  Capital cost  Ordering cost  Distribution cost  Inventory carrying costs (inventory holding costs)  Shortage cost  Shrinkage cost
  • 7. Inventory visibility  Reduce Inventory Cycle Times and Inventory Days on Hand  Improve efficiency by automating the business and inventory policy  Increase inventory certainty with in the Supply Chain reduces safety stock requirements  Increase revenue with shorter lead times  Create logistics confidence across internal stakeholders and customers  Improve trading partner relationships and efficiencies
  • 8. Inventory visibility features  On hand as well as in-transit inventory  Global and Local visibility across all modes, geographies and supply chain locations  Monitor items and their status at each node in your storage  Inventory visibility down to the Stock Keeping Unit (SKU) level  Inventory data by supplier, warehouse, quantity on hand, aging, description  Inventory status such as held,
  • 9. Managing inventory  JIT (Just-In-Time)  ERP (Enterprise Resource Planning)  MRP (Material Requirements Planning)  MRP II (Manufacturing Resource Planning)