Hello mates! I just uploaded another slides for those who are taking International Logistics subject, or whoever interested with it..take a look on it, it might helps you a bit even though it is very simple one..have a good day! :)
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
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,