filmov
tv
Inventory Management in Operations Management
Показать описание
#inventory #rawmaterials #workinprocess #finishedgoods
There are several different types of inventory that businesses may maintain. Some of the most common types of inventory include:
Raw materials inventory: This includes the materials that are used in the production of goods, such as wood, steel, plastic, and other basic materials.
Work-in-progress inventory: This is inventory that is in the process of being transformed into finished goods. Examples include partially assembled products, goods that are being packaged, or items that are being customized for specific customers.
Finished goods inventory: This includes the completed products that are ready for sale to customers.
Maintenance, Repair, and Operating (MRO) inventory: This includes items that are necessary for the maintenance, repair, or operation of equipment or facilities. Examples include spare parts, lubricants, cleaning supplies, and office supplies.
Safety stock inventory: This is inventory that is held as a buffer against unexpected demand or supply chain disruptions. It provides a cushion to ensure that the business can continue to operate even if there are unexpected fluctuations in demand or supply.
Understanding the different types of inventory can help businesses manage their inventory levels more effectively, optimize their supply chain, and improve their overall efficiency.
Chapters
00:00 Intro
00:07 – What is Inventory?
00:32 – Raw Materials Inventory
00:52 – Transportation (Pipeline) Inventory
01:05 – Work in Process Inventory
01:31 – Finished Goods Inventory
01:48 – Replacement Parts Inventory
02:09 – Supplies Inventory
02:40 – Safety Stock
03:18 – Stock Out
09:00 – Key Takeaways
References used in this video.
Connect with me on Social Media
There are several different types of inventory that businesses may maintain. Some of the most common types of inventory include:
Raw materials inventory: This includes the materials that are used in the production of goods, such as wood, steel, plastic, and other basic materials.
Work-in-progress inventory: This is inventory that is in the process of being transformed into finished goods. Examples include partially assembled products, goods that are being packaged, or items that are being customized for specific customers.
Finished goods inventory: This includes the completed products that are ready for sale to customers.
Maintenance, Repair, and Operating (MRO) inventory: This includes items that are necessary for the maintenance, repair, or operation of equipment or facilities. Examples include spare parts, lubricants, cleaning supplies, and office supplies.
Safety stock inventory: This is inventory that is held as a buffer against unexpected demand or supply chain disruptions. It provides a cushion to ensure that the business can continue to operate even if there are unexpected fluctuations in demand or supply.
Understanding the different types of inventory can help businesses manage their inventory levels more effectively, optimize their supply chain, and improve their overall efficiency.
Chapters
00:00 Intro
00:07 – What is Inventory?
00:32 – Raw Materials Inventory
00:52 – Transportation (Pipeline) Inventory
01:05 – Work in Process Inventory
01:31 – Finished Goods Inventory
01:48 – Replacement Parts Inventory
02:09 – Supplies Inventory
02:40 – Safety Stock
03:18 – Stock Out
09:00 – Key Takeaways
References used in this video.
Connect with me on Social Media
0:10:14
Inventory Management in Operations Management
0:01:59
What is Inventory Management? The Basics of Inventory Management
0:03:49
What Is Inventory Management? - Whiteboard Wednesday
0:18:36
Inventory (Ch 12)
0:21:22
Inventory Management overview in Operations & Supply Chain Management
0:43:04
Understanding Inventory Management (INSIDE THE SUPPLY CHAIN SERIES) Lesson 1
0:31:09
Economic Order Quantity (EOQ) in Inventory Management
0:01:07
What is Just-in-Time (JIT) Inventory Management?
0:15:59
Salesforce Admin Project: Supply chain and inventory management for the manufacturing company #sfdc
0:07:29
Inventory Management: Economic Order Quantity (EOQ)
0:02:40
What is Inventory Control? - Whiteboard Wednesday
0:01:11
What is Inventory Management? Learn the Basics
0:18:40
What is Inventory Management | Objectives | Types | Process | Explained in Detail
0:17:04
Inventory Management BBA 5th sem PU Questions and Solution | Operational Management | part1 Lokendra
0:06:55
Inventory Management and its Techniques
0:07:55
Inventory Control Methods - 11 Common Ways of Managing Your Products and Ordering
0:22:44
Inventory management, Inventory level, lead time, reorder point, buffer stock, Business Operations
0:06:22
How to calculate a Reorder Point (ROP) in Inventory Management
0:06:12
7 tips for warehouse inventory management
0:08:48
Important KPIs for Warehouse and Inventory Management
0:14:26
Top 10 Supply Chain Terms and Definitions [Procurement, Logistics, Warehouse Management, etc.]
0:27:36
Inventory Management Part 1 Material Management MBS 2nd Sem Production and Operation Management
0:11:49
Inventory Control Technique: ABC Analysis
0:03:27
What is Warehouse Management System? How WMS Works
Комментарии