The document discusses inventory management. It defines inventory and different types of inventory like raw materials, works-in-process, and finished goods. It also discusses reasons for holding inventory, different inventory measures, costs associated with inventory, and models for managing inventory like economic order quantity and reorder point.

1. Inventory Management I

6. Inventory Positions in the Supply Chain Raw Materials Works in Process Finished Goods Finished Goods in Field

26. Marginal Analysis Holding Costs Ordering Costs Units $

28. level of inventory average inventory units Q t time Sawtooth Model

32. Inventory Model Under Uncertainty reorder Q m point safety stock time

39. Planning Supply Chain Activities Anticipatory - allocate supply to each warehouse based on the forecast Response-based - replenish inventory with order sizes based on specific needs of each warehouse