Procurement & Inventory Management
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The document discusses procurement, inventory management, and key performance indicators (KPIs) for inventory management at Fresenius Medical Care. It defines procurement and purchasing, explains the procurement cycle and inventory management process. Inventory management aims to create value throughout the supply chain by planning, forecasting, and controlling materials and goods. Important KPIs for inventory management include customer service, quality, availability, on-time delivery, reduced inventory costs like holding, ordering, and transportation costs.
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This document discusses various inventory management concepts and techniques. It defines inventory as stored resources used to satisfy current or future needs, and identifies the main inventory types as raw materials, work in progress, and finished goods. It then discusses reasons for holding inventory, how to determine economic order quantities and reorder points, and assumptions of the economic order quantity and economic production quantity models. Finally, it briefly introduces different inventory classification systems like ABC analysis, HML classification, and XYZ classification that are used to categorize inventory items for better control and management.
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- Inventory constitutes a significant part of current assets for many companies, often around 60% of current assets. Effective inventory management is important to avoid unnecessary costs and ensure profitability.
- There are different types of inventory including raw materials, work in progress, and finished goods. The objectives of inventory management are to maintain optimal inventory levels for smooth operations while minimizing costs.
- An optimum inventory level balances ordering costs, carrying costs, and stock-out costs. Both over-investment and under-investment in inventory can be dangerous for a company. Effective inventory management tracks inventory levels and determines when and how much to order.
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Material management is a scientific technique, concerned with Planning, Organizing &Control of flow of materials, from their initial purchase to destination.
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The document discusses various location selection models including the factor rating method, weighted factor rating method, load-distance method, center of gravity method, and break-even analysis. It provides examples of how to use the load-distance method and center of gravity method to determine an ideal location for a manufacturing plant and warehouse. The break-even analysis example determines the most suitable location for a cleaners based on expected demand.
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Inventory control involves regulating inventory levels according to predetermined norms to reduce costs. It aims to balance ordering, holding, and stockout costs. The ABC analysis technique categorizes inventory into A, B, and C items based on annual consumption value to focus control efforts where they are needed most. VED classification groups items as vital, essential, or desirable based on the criticality of inventory to operations. FSN analysis looks at item movement patterns to identify fast, slow, or non-moving inventory.
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This document provides an overview of supply chain management concepts. It discusses inventory management, including types of inventory, functions of inventory, tracking inventory using SKU and UPC codes, inventory costs, and selective inventory controls like ABC analysis. It also covers lean manufacturing, planning methods like replenishment order point and economic order quantity, forecasting techniques, and procurement. The document is divided into 7 chapters that briefly explain these various supply chain management topics.
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SIM Unit 5:
Supply Chain Management (SCM):
Concept ,
Components,
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Global competitive scenario.
Purchase ,
Purchase Order
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Forecasting is important for business planning. There are different forecasting techniques that can be used depending on the available data and time horizon. Judgmental forecasting relies on expert opinions when little historical data exists. Time series forecasting analyzes patterns in historical demand data over time. Linear regression finds relationships between dependent and independent variables. Simple and weighted moving averages smooth data by calculating averages over multiple time periods. Exponential smoothing gives more weight to recent periods using a smoothing constant. The document provides examples of how to apply these techniques to calculate forecasts and forecast errors.
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This document provides an overview of training topics including ERP, MRP, supply chain management, purchasing, and just-in-time. It defines these concepts and discusses how they can help organizations reduce costs and improve efficiency through integrated systems, long-term supplier relationships, and minimizing waste. Specific techniques discussed include kanban, faxban, and establishing reliable delivery schedules through open communication between suppliers and customers.
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This document discusses inventory control and various inventory management techniques. It defines inventory as materials kept in stock, including raw materials, components, work-in-process, and finished goods. It then describes different types of inventories and introduces key inventory terms like lead time, holding costs, ordering costs, and shortage costs. The document outlines techniques for effective inventory management including ABC analysis, VED analysis, economic order quantity modeling, first-in first-out, and last-in first-out costing methods. The goal of inventory control and analysis is to maintain optimal inventory levels to minimize costs.
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This chapter discusses the importance of managing inventory flows throughout the supply chain. It covers the reasons companies hold inventory, including batching economies, uncertainty/safety stocks, and seasonality. It also discusses the major costs of inventory, including carrying costs, order/setup costs, and stockout costs. The chapter introduces ABC analysis for classifying inventory items and explains how inventory visibility throughout the supply chain can benefit companies. It provides methods for evaluating inventory management effectiveness, such as calculating inventory turnover ratios.
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This document discusses various inventory management concepts and techniques. It defines inventory as stored resources used to satisfy current or future needs, and identifies the main inventory types as raw materials, work in progress, and finished goods. It then discusses reasons for holding inventory, how to determine economic order quantities and reorder points, and assumptions of the economic order quantity and economic production quantity models. Finally, it briefly introduces different inventory classification systems like ABC analysis, HML classification, and XYZ classification that are used to categorize inventory items for better control and management.
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- Inventory constitutes a significant part of current assets for many companies, often around 60% of current assets. Effective inventory management is important to avoid unnecessary costs and ensure profitability.
- There are different types of inventory including raw materials, work in progress, and finished goods. The objectives of inventory management are to maintain optimal inventory levels for smooth operations while minimizing costs.
- An optimum inventory level balances ordering costs, carrying costs, and stock-out costs. Both over-investment and under-investment in inventory can be dangerous for a company. Effective inventory management tracks inventory levels and determines when and how much to order.
Logistics Management
This document provides an overview of logistics management. It defines logistics as managing the flow of materials and finished goods from suppliers to customers. This includes transportation, warehousing, inventory management, and information systems. The objectives of an effective logistics system are to ensure the right goods are delivered to customers in the correct quantities, locations, times and at the lowest overall cost while meeting quality standards. Key aspects of logistics discussed include distribution and warehousing management, physical distribution, and reducing supply chain costs.
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The document discusses various quantitative forecasting techniques including time series methods like moving averages and exponential smoothing. It provides examples of how to calculate 3-period moving averages and exponential smoothing forecasts using sample sales data. Exponential smoothing places more weight on recent observations compared to moving averages. The smoothing constant determines how quickly older data is discounted.
Inventory and lead time
Lead times are critical to managing inventory levels and supply chains effectively. Total supply lead time involves both internal and external times from deciding to order to an item being available. Analyzing individual item lead times and their variability is important to understand where improvements can be made. Reducing lead time variability is more impactful than just reducing lead times. Collaboration both internally and with suppliers is needed to achieve fixed, known, and reliable lead times. Unclear or unmeasured lead times can lead to excessive inventory levels and other issues.
Inventory control
This document discusses inventory control and management. It begins by defining inventory as raw materials, components, work in process, and finished products held in the supply chain. Inventory is maintained to bridge gaps between availability and demand. Inventory control aims to maintain inventory levels that are economically optimal for an organization by considering factors like economic order quantities, safety stocks, minimum and maximum levels. The document then discusses reasons for holding inventory like supporting production and customers. It outlines functions, objectives, types, costs and techniques of inventory control before concluding with a discussion of computerization benefits.
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Is Agile dead? It depends on what you mean by 'Agile'. If you mean that the organizations are not getting the promised benefits because they were focusing too much on the team-level agile "ways of working" instead of systemic global improvements -- then we are in agreement. It is a misunderstanding of Agility that led us down a dead-end. At Org Topologies, we see bright sparks -- the signs of the 'second wave of Agile' as we call it. The emphasis is shifting towards both in-team and inter-team collaboration. Away from false dichotomies. Both: team autonomy and shared broad product ownership are required to sustain true result-oriented organizational agility. Org Topologies is a package offering a visual language plus thinking tools required to communicate org development direction and can be used to help design and then sustain org change aiming at higher organizational archetypes.
Leading Change_ Unveiling the Power of Transformational Leadership Style.pdf
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Impact of Effective Performance Appraisal Systems on Employee Motivation and ...
Healthy economic development requires properly managing the banking industry of any
country. Along with state-owned banks, private banks play a critical role in the country's economy.
Managers in all types of banks now confront the same challenge: how to get the utmost output from
their employees. Therefore, Performance appraisal appears to be inevitable since it set the
standard for comparing actual performance to established objectives and recommending practical
solutions that help the organization achieve sustainable growth. Therefore, the purpose of this
research is to determine the effect of performance appraisal on employee motivation and retention.
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Small Business Management An Entrepreneur’s Guidebook 8th edition by Byrd tes...
Small Business Management An Entrepreneur’s Guidebook 8th edition by Byrd test bank.docx
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一比一原版(QU毕业证)皇后大学毕业证如何办理
QU本科学位证成绩单【微信95270640】《皇后大学毕业证书原版制作QU成绩单》【Q微信95270640】《仿制QU毕业证成绩单皇后大学学位证书pdf电子图》，A.为什么留学生需要操作留信认证?
留信认证全称全国留学生信息服务网认证,隶属于北京中科院。①留信认证门槛条件更低,费用更美丽,并且包过,完单周期短,效率高②留信认证虽然不能去国企,但是一般的公司都没有问题,因为国内很多公司连基本的留学生学历认证都不了解。这对于留学生来说,这就比自己光拿一个证书更有说服力,因为留学学历可以在留信网站上进行查询!
B.为什么我们提供的毕业证成绩单具有使用价值？
查询留服认证是国内鉴别留学生海外学历的唯一途径，但认证只是个体行为，不是所有留学生都操作，所以没有办理认证的留学生的学历在国内也是查询不到的，他们也仅仅只有一张文凭。所以这时候我们提供的和学校颁发的一模一样的毕业证成绩单，就有了使用价值。
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A.为什么留学生需要操作留信认证?
留信认证全称全国留学生信息服务网认证,隶属于北京中科院。①留信认证门槛条件更低,费用更美丽,并且包过,完单周期短,效率高②留信认证虽然不能去国企,但是一般的公司都没有问题,因为国内很多公司连基本的留学生学历认证都不了解。这对于留学生来说,这就比自己光拿一个证书更有说服力,因为留学学历可以在留信网站上进行查询!
B.为什么我们提供的毕业证成绩单具有使用价值？
查询留服认证是国内鉴别留学生海外学历的唯一途径但认证只是个体行为不是所有留学生都操作所以没有办理认证的留学生的学历在国内也是查询不到的他们也仅仅只有一张文凭。所以这时候我们提供的和学校颁发的一模一样的毕业证成绩单就有了使用价值。娃拒绝父亲送说往车上一躺就等着下车决无丢失的道理有手机在身联系也方便再说他都岁了还有大半车的小伙伴相伴他不怕在父亲千叮咛万嘱咐中山娃依依不舍地爬上车朝窗外不住地挥手别了父亲别了父亲的城别了我的暑假生活我的城市生活望着窗外挥舞的大手还有那张微驼的背一向坚强的山娃禁不住泪如雨下当我坐下来想写这封信时“感恩两字在我脑海中回旋很幸运我有这样的机会能将埋在心底深深的感激之情得以表达从婴儿的“哇哇坠地到哺育听
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Cyclone preparedness;
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Lessons Learned; Disaster Preparedness; published paper;
Case study; for disaster management agencies; for guideline to manage cyclone disaster; cyclone management; cyclone risks; rescue and rehabilitation for cyclone; timely evacuation during cyclone; port closure; tourism closure etc.
Project Management Infographics . Power point projet
Project Management Infographics ces modèle power Point peut vous aider a traiter votre projet initiative pour le gestion de projet. Essayer dès maintenant savoir plus c'est quoi le diagramme gant et perte, la durée de vie d'un projet , ainsi que les intervenants d'un projet et le cycle de projet . Alors la question c'est comment gérer son projet efficacement ? Le meilleur planning et l'intelligence sont les fondamentaux de projet
All the Small Things - XP2024 Bolzano/Bozen
Originally presented at XP2024 Bolzano
While agile has entered the post-mainstream age, possibly losing its mojo along the way, the rise of remote working is dealing a more severe blow than its industrialization.
In this talk we'll have a look to the cumulative effect of the constraints of a remote working environment and of the common countermeasures.
From Concept to reality : Implementing Lean Managements DMAIC Methodology for...
The Ready-Made Garments (RMG) industry in Bangladesh is a cornerstone of the economy, but increasing costs and stagnant productivity pose significant challenges to profitability. This study explores the implementation of Lean Management in the Sampling Section of RMG factories to enhance productivity. Drawing from a comprehensive literature review, theoretical framework, and action research methodology, the study identifies key areas for improvement and proposes solutions.
Through the DMAIC approach (Define, Measure, Analyze, Improve, Control), the research identifies low productivity as the primary problem in the Sampling Section, with a PPH (Productivity per head) of only 4.0. Using Lean Management techniques such as 5S, Standardized work, PDCA/Kaizen, KANBAN, and Quick Changeover, the study addresses issues such as pre and post Quick Changeover (QCO) time, improper line balancing, and sudden plan changes.
The research employs regression analysis to test hypotheses, revealing a significant correlation between reducing QCO time and increasing productivity. With a regression equation of Y = -0.000501X + 6.72 and an R-squared value of 0.98, the study demonstrates a strong relationship between the independent variables (QCO downtime and improper line balancing downtime) and the dependent variable (productivity per head).
The findings suggest that by implementing Lean Management practices and addressing key productivity inhibitors, RMG factories can achieve substantial improvements in efficiency and profitability. The study provides valuable insights for practitioners, policymakers, and researchers seeking to enhance productivity in the RMG industry and similar manufacturing sectors.
Colby Hobson: Residential Construction Leader Building a Solid Reputation Thr...
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Procurement & Inventory Management
- 1. Procurement & Inventory Management, FMC Supply Chain Dept (c) Copyright 21/09/2017 Tahir Bin Aleem Manager Supply Chain Procurement & Inventory Management
- 2. Fresenius Medical Care – THE RENAL COMPANY Page 2 Supply Chain Management Difference Between Procurement & Purchasing Procurement Cycle Inventory Management KPI’s of Inventory Management
- 3. Fresenius Medical Care – THE RENAL COMPANY Page 3 Supply Chain Management The Designing, Planning, Execution, Control, and Monitoring of activities with the objective of: Creating Value Building Competitive Advantage Leveraging Worldwide Logistics Synchronizing Supply with Demand
- 4. Fresenius Medical Care – THE RENAL COMPANY Page 4 Procurement Vs Purchasing Procurement: Need Assessment Strategic Selection of Supplier Negotiations Purchasing: How goods / services are purchased Payment mode Delivery date / location
- 5. Fresenius Medical Care – THE RENAL COMPANY Page 5
- 6. Fresenius Medical Care – THE RENAL COMPANY Page 6 The process of planning, forecasting, organizing, monitoring and controlling raw materials, semi-finished goods, finished goods and services with the objective of creating value at each step through out the supply chain. Related with: • Procurement • Purchasing • Logistics • Warehousing Inventory Management
- 7. Fresenius Medical Care – THE RENAL COMPANY Page 7 Q-A-A-S Importance of Inventory Management Quality • Quality Products delivered to customer Affordable • At Optimal Landed Cost Available • Readily Available Sustainable • With the promise of Same service level every time
- 8. Fresenius Medical Care – THE RENAL COMPANY Page 8 Inventory Management KPI’s Customer Service Target Quality Availability On-Time Delivery Reduce Inventory Cost Holding Cost Ordering Cost Transportation Cost