Inventory Management What is Inventory Management?
Inventory Management <ul><li>Inventory Management is the combination of knowledge, process, measures and reporting that to...
Background <ul><li>Mine was commissioned in May 2009. </li></ul><ul><li>Pronto Purchase ordering system was also implement...
Pronto   Inventory Module <ul><li>Provides a warehouse function which includes the following functions: </li></ul><ul><ul>...
Cataloguing   <ul><li>Equipment list </li></ul><ul><li>Full list of critical spares </li></ul><ul><li>Full descriptions </...
Reorder levels <ul><li>Minimum levels  </li></ul><ul><li>Maximum levels </li></ul><ul><li>Lead times </li></ul><ul><li>Cos...
Buzwagi Inventory <ul><li>No history. </li></ul><ul><li>No spares list. </li></ul><ul><li>Min/Max levels partly entered. <...
Way Forward <ul><li>Users should ensure that all critical spares have been catalogued. </li></ul><ul><li>Users and Warehou...
Conclusion <ul><li>Direct orders system will be used appropriately. </li></ul><ul><li>Stock items will not be expensed. </...
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Inventory management

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Inventory management

  1. 1. Inventory Management What is Inventory Management?
  2. 2. Inventory Management <ul><li>Inventory Management is the combination of knowledge, process, measures and reporting that together maximizes availability while minimizing investment. Efficient inventory management allows the management of sales, purchases and payments. </li></ul>
  3. 3. Background <ul><li>Mine was commissioned in May 2009. </li></ul><ul><li>Pronto Purchase ordering system was also implemented from May 2009. </li></ul><ul><li>Construction GL inventory expense account. </li></ul><ul><li>History of usage. </li></ul>
  4. 4. Pronto Inventory Module <ul><li>Provides a warehouse function which includes the following functions: </li></ul><ul><ul><li>Cataloguing of Critical spares </li></ul></ul><ul><ul><li>Minimum and Maximum stock holdings </li></ul></ul><ul><ul><li>Reordering function </li></ul></ul><ul><ul><li>Receipting </li></ul></ul><ul><ul><li>Issuing </li></ul></ul><ul><ul><li>Usage reports </li></ul></ul>
  5. 5. Cataloguing <ul><li>Equipment list </li></ul><ul><li>Full list of critical spares </li></ul><ul><li>Full descriptions </li></ul><ul><li>Manufacturers part numbers </li></ul><ul><li>Suppliers </li></ul><ul><li>ANSI document </li></ul><ul><li>Cataloguers </li></ul>
  6. 6. Reorder levels <ul><li>Minimum levels </li></ul><ul><li>Maximum levels </li></ul><ul><li>Lead times </li></ul><ul><li>Cost of placing the order </li></ul><ul><li>Cost of storage </li></ul><ul><li>Stock out costs </li></ul><ul><li>Obsolescence costs </li></ul>
  7. 7. Buzwagi Inventory <ul><li>No history. </li></ul><ul><li>No spares list. </li></ul><ul><li>Min/Max levels partly entered. </li></ul><ul><li>Consider lead times and other factors. </li></ul>
  8. 8. Way Forward <ul><li>Users should ensure that all critical spares have been catalogued. </li></ul><ul><li>Users and Warehouse should ensure that all critical spares have min and max levels on Pronto system. </li></ul><ul><li>A deadline should be agreed upon and complied to by all. </li></ul>
  9. 9. Conclusion <ul><li>Direct orders system will be used appropriately. </li></ul><ul><li>Stock items will not be expensed. </li></ul><ul><li>Users will have the peace of mind that all their critical spares are available for all emergencies. </li></ul><ul><li>Profitability of the mine will be reflected fairly. </li></ul><ul><li>THANKS </li></ul>

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