Inventory control aims to ensure adequate supply without excessive overstock. It answers questions about when to order, where to store inventory, and how much to order. Two common inventory management techniques are the two-bin system and economic order quantity (EOQ) modeling, which help determine optimal order sizes and quantities. ABC analysis categorizes inventory items into A, B, and C categories to allow for different control and record-keeping based on importance.
Unit 5-IE6605 & PRODUCTION PLANNING AND CONTROLMohanumar S
Inventory control aims to ensure adequate supply without excessive overstock. It answers questions about when to order, where to store inventory, and how much to order. Two common inventory management techniques are the two-bin system and economic order quantity (EOQ) modeling, which aim to minimize total inventory costs. ABC analysis categorizes inventory into A, B, and C items to allow for different control and record-keeping based on importance and cost.
Unit 3-IE6605 & PRODUCTION PLANNING AND CONTROLMohanumar S
Product planning identifies market requirements to define a product's features. It serves as the basis for pricing, distribution, and promotion decisions. Value analysis aims to increase value, defined as function over cost, by improving function or reducing cost. Lack of product planning can lead to unsatisfied customers, quality issues, and loss of brand name. Process planning involves routing, scheduling, dispatching, and follow up based on product information, processes, capacity, orders, due dates, and resources. Economic batch quantity determines the optimal batch size to minimize average costs by balancing setup costs and inventory holding costs.
A Six Sigma project was launched at 3M Brazil in 2002 to reduce losses in the production of electrical tapes. The project used the DMAIC methodology over five phases: Define identified problems and objectives; Measure identified 239 variables and selected 58 critical ones using cause-effect matrices and process maps; Analyze further studied the 58 variables and identified 8 then 3 key ones using Multi Vari and FMEA tools; Improve developed experiments on the 8 variables to improve them; Control developed a process monitoring system. The project achieved its 17.9% loss reduction goal and exceeded its 30% unit price reduction target, gaining 31%.
DFM fuel meters help construction businesses track key performance indicators like actual working hours, equipment utilization, accurate fuel usage per asset and job by monitoring heavy equipment fuel usage and hours worked. The meters make it possible to analyze fuel burn, asset efficiency, and productivity changes over time or by route and job. The meters control for engine hours worked, fuel consumed under different load conditions, and tampering to provide 99% accurate fuel usage data without calibration needed.
Product planning identifies market requirements to define a product's features. It serves as the basis for pricing, distribution, and promotion decisions. Value analysis aims to increase value, defined as function over cost, by improving function or reducing cost. Lack of product planning can lead to unsatisfied customers, quality issues, and loss of brand name. Process planning involves routing, scheduling, dispatching, and follow up based on product information, processes, capacity, orders, due dates, and resources. Economic batch quantity determines the optimal batch size to minimize average costs by balancing setup costs and inventory holding costs.
Inventory control aims to ensure adequate supply without excessive overstock. It answers questions about when to order, where to store inventory, and how much to order. Two common inventory management techniques are the two-bin system and economic order quantity (EOQ) modeling, which help determine optimal order sizes and quantities. ABC analysis categorizes inventory items into A, B, and C categories to allow for different control and record-keeping based on importance.
Unit 5-IE6605 & PRODUCTION PLANNING AND CONTROLMohanumar S
Inventory control aims to ensure adequate supply without excessive overstock. It answers questions about when to order, where to store inventory, and how much to order. Two common inventory management techniques are the two-bin system and economic order quantity (EOQ) modeling, which aim to minimize total inventory costs. ABC analysis categorizes inventory into A, B, and C items to allow for different control and record-keeping based on importance and cost.
Unit 3-IE6605 & PRODUCTION PLANNING AND CONTROLMohanumar S
Product planning identifies market requirements to define a product's features. It serves as the basis for pricing, distribution, and promotion decisions. Value analysis aims to increase value, defined as function over cost, by improving function or reducing cost. Lack of product planning can lead to unsatisfied customers, quality issues, and loss of brand name. Process planning involves routing, scheduling, dispatching, and follow up based on product information, processes, capacity, orders, due dates, and resources. Economic batch quantity determines the optimal batch size to minimize average costs by balancing setup costs and inventory holding costs.
A Six Sigma project was launched at 3M Brazil in 2002 to reduce losses in the production of electrical tapes. The project used the DMAIC methodology over five phases: Define identified problems and objectives; Measure identified 239 variables and selected 58 critical ones using cause-effect matrices and process maps; Analyze further studied the 58 variables and identified 8 then 3 key ones using Multi Vari and FMEA tools; Improve developed experiments on the 8 variables to improve them; Control developed a process monitoring system. The project achieved its 17.9% loss reduction goal and exceeded its 30% unit price reduction target, gaining 31%.
DFM fuel meters help construction businesses track key performance indicators like actual working hours, equipment utilization, accurate fuel usage per asset and job by monitoring heavy equipment fuel usage and hours worked. The meters make it possible to analyze fuel burn, asset efficiency, and productivity changes over time or by route and job. The meters control for engine hours worked, fuel consumed under different load conditions, and tampering to provide 99% accurate fuel usage data without calibration needed.
Product planning identifies market requirements to define a product's features. It serves as the basis for pricing, distribution, and promotion decisions. Value analysis aims to increase value, defined as function over cost, by improving function or reducing cost. Lack of product planning can lead to unsatisfied customers, quality issues, and loss of brand name. Process planning involves routing, scheduling, dispatching, and follow up based on product information, processes, capacity, orders, due dates, and resources. Economic batch quantity determines the optimal batch size to minimize average costs by balancing setup costs and inventory holding costs.
IMAFS The Inventory Optimization SoftwareIMAFS Inc.
Increase your control over your inventory management with our artificial intelligence-powered solution.
Raise your company’s performance level to new heights. A feature-rich inventory optimization solution created for the most demanding managers.
The company aimed to reduce inventories without lowering service levels. Using IMAFS, they classified items by criticality and demand to calculate optimized inventory parameters. This resulted in a 15% global inventory reduction within 10 months, including a 29% reduction for IMAFS-controlled items, while maintaining critical item availability and service levels.
Interconnectivité entre IBM Maximo et Imafs IMAFS Inc.
IMAFS dispose maintenant d'interfaces avec SAP et Maximo.
En pratique cela permet d'accélérer significativement le temps d'implantation et de réduire les coûts d'implantation.
Pour les clients SAP et Maximo, IMAFS peut faire une analyse préliminaire des inventaire en moins d'un mois à peu de coûts.
IMAFS permet d'éliminer 80% des ruptures de stocks. Ce qui augmente la disponibilité des équipements de production et de réduire les stocks de plus de 20%,assurant ainsi une réduction des actifs immobilisés.
9 Keys to Maximizing Profits and Equipment Uptime through Inventory Managemen...IMAFS Inc.
This document outlines 9 keys to maximizing profits and equipment uptime through inventory management for maintenance parts. It discusses: 1) classifying parts by criticality and usage, 2) managing demand through forecasting, lead time analysis, and optimizing inventory parameters, and 3) clarifying roles and responsibilities through policies and KPIs. The overall goal is to balance inventory costs, stockouts, and service levels using an inventory optimization system that analyzes data and allows simulations and adjustments.
Most important New features of Oracle 23c for DBAs and Developers. You can get more idea from my youtube channel video from https://youtu.be/XvL5WtaC20A
Project Management: The Role of Project Dashboards.pdfKarya Keeper
Project management is a crucial aspect of any organization, ensuring that projects are completed efficiently and effectively. One of the key tools used in project management is the project dashboard, which provides a comprehensive view of project progress and performance. In this article, we will explore the role of project dashboards in project management, highlighting their key features and benefits.
What to do when you have a perfect model for your software but you are constrained by an imperfect business model?
This talk explores the challenges of bringing modelling rigour to the business and strategy levels, and talking to your non-technical counterparts in the process.
Flutter is a popular open source, cross-platform framework developed by Google. In this webinar we'll explore Flutter and its architecture, delve into the Flutter Embedder and Flutter’s Dart language, discover how to leverage Flutter for embedded device development, learn about Automotive Grade Linux (AGL) and its consortium and understand the rationale behind AGL's choice of Flutter for next-gen IVI systems. Don’t miss this opportunity to discover whether Flutter is right for your project.
UI5con 2024 - Keynote: Latest News about UI5 and it’s EcosystemPeter Muessig
Learn about the latest innovations in and around OpenUI5/SAPUI5: UI5 Tooling, UI5 linter, UI5 Web Components, Web Components Integration, UI5 2.x, UI5 GenAI.
Recording:
https://www.youtube.com/live/MSdGLG2zLy8?si=INxBHTqkwHhxV5Ta&t=0
8 Best Automated Android App Testing Tool and Framework in 2024.pdfkalichargn70th171
Regarding mobile operating systems, two major players dominate our thoughts: Android and iPhone. With Android leading the market, software development companies are focused on delivering apps compatible with this OS. Ensuring an app's functionality across various Android devices, OS versions, and hardware specifications is critical, making Android app testing essential.
IMAFS The Inventory Optimization SoftwareIMAFS Inc.
Increase your control over your inventory management with our artificial intelligence-powered solution.
Raise your company’s performance level to new heights. A feature-rich inventory optimization solution created for the most demanding managers.
The company aimed to reduce inventories without lowering service levels. Using IMAFS, they classified items by criticality and demand to calculate optimized inventory parameters. This resulted in a 15% global inventory reduction within 10 months, including a 29% reduction for IMAFS-controlled items, while maintaining critical item availability and service levels.
Interconnectivité entre IBM Maximo et Imafs IMAFS Inc.
IMAFS dispose maintenant d'interfaces avec SAP et Maximo.
En pratique cela permet d'accélérer significativement le temps d'implantation et de réduire les coûts d'implantation.
Pour les clients SAP et Maximo, IMAFS peut faire une analyse préliminaire des inventaire en moins d'un mois à peu de coûts.
IMAFS permet d'éliminer 80% des ruptures de stocks. Ce qui augmente la disponibilité des équipements de production et de réduire les stocks de plus de 20%,assurant ainsi une réduction des actifs immobilisés.
9 Keys to Maximizing Profits and Equipment Uptime through Inventory Managemen...IMAFS Inc.
This document outlines 9 keys to maximizing profits and equipment uptime through inventory management for maintenance parts. It discusses: 1) classifying parts by criticality and usage, 2) managing demand through forecasting, lead time analysis, and optimizing inventory parameters, and 3) clarifying roles and responsibilities through policies and KPIs. The overall goal is to balance inventory costs, stockouts, and service levels using an inventory optimization system that analyzes data and allows simulations and adjustments.
Most important New features of Oracle 23c for DBAs and Developers. You can get more idea from my youtube channel video from https://youtu.be/XvL5WtaC20A
Project Management: The Role of Project Dashboards.pdfKarya Keeper
Project management is a crucial aspect of any organization, ensuring that projects are completed efficiently and effectively. One of the key tools used in project management is the project dashboard, which provides a comprehensive view of project progress and performance. In this article, we will explore the role of project dashboards in project management, highlighting their key features and benefits.
What to do when you have a perfect model for your software but you are constrained by an imperfect business model?
This talk explores the challenges of bringing modelling rigour to the business and strategy levels, and talking to your non-technical counterparts in the process.
Flutter is a popular open source, cross-platform framework developed by Google. In this webinar we'll explore Flutter and its architecture, delve into the Flutter Embedder and Flutter’s Dart language, discover how to leverage Flutter for embedded device development, learn about Automotive Grade Linux (AGL) and its consortium and understand the rationale behind AGL's choice of Flutter for next-gen IVI systems. Don’t miss this opportunity to discover whether Flutter is right for your project.
UI5con 2024 - Keynote: Latest News about UI5 and it’s EcosystemPeter Muessig
Learn about the latest innovations in and around OpenUI5/SAPUI5: UI5 Tooling, UI5 linter, UI5 Web Components, Web Components Integration, UI5 2.x, UI5 GenAI.
Recording:
https://www.youtube.com/live/MSdGLG2zLy8?si=INxBHTqkwHhxV5Ta&t=0
8 Best Automated Android App Testing Tool and Framework in 2024.pdfkalichargn70th171
Regarding mobile operating systems, two major players dominate our thoughts: Android and iPhone. With Android leading the market, software development companies are focused on delivering apps compatible with this OS. Ensuring an app's functionality across various Android devices, OS versions, and hardware specifications is critical, making Android app testing essential.
14 th Edition of International conference on computer visionShulagnaSarkar2
About the event
14th Edition of International conference on computer vision
Computer conferences organized by ScienceFather group. ScienceFather takes the privilege to invite speakers participants students delegates and exhibitors from across the globe to its International Conference on computer conferences to be held in the Various Beautiful cites of the world. computer conferences are a discussion of common Inventions-related issues and additionally trade information share proof thoughts and insight into advanced developments in the science inventions service system. New technology may create many materials and devices with a vast range of applications such as in Science medicine electronics biomaterials energy production and consumer products.
Nomination are Open!! Don't Miss it
Visit: computer.scifat.com
Award Nomination: https://x-i.me/ishnom
Conference Submission: https://x-i.me/anicon
For Enquiry: Computer@scifat.com
UI5con 2024 - Boost Your Development Experience with UI5 Tooling ExtensionsPeter Muessig
The UI5 tooling is the development and build tooling of UI5. It is built in a modular and extensible way so that it can be easily extended by your needs. This session will showcase various tooling extensions which can boost your development experience by far so that you can really work offline, transpile your code in your project to use even newer versions of EcmaScript (than 2022 which is supported right now by the UI5 tooling), consume any npm package of your choice in your project, using different kind of proxies, and even stitching UI5 projects during development together to mimic your target environment.
Mobile App Development Company In Noida | Drona InfotechDrona Infotech
Drona Infotech is a premier mobile app development company in Noida, providing cutting-edge solutions for businesses.
Visit Us For : https://www.dronainfotech.com/mobile-application-development/
Mobile App Development Company In Noida | Drona Infotech
Inventory Optimization with IMAFS
1. imafs.com All rights reserved
Iron Ore Company
OBJECTIVE
Quickly reduce the inventories without
decreasing the service level and ensure better
control of items
RESULTS
Global inventory reduction of 15% within
the first 10 months (29% for items
controlled by IMAFS), without any
diminution of service level
Maintained availability rate of critical items
SOLUTION
Use IMAFS to classify items according to their
criticality and their demand and calculate
optimized inventory parameters (Min Max)
according to this classification and service
objectives
1