Managing Inventory in the Supply Chain

Description

Mind Map on Managing Inventory in the Supply Chain, created by Aranza Castillo on 16/02/2017.
Aranza Castillo
Mind Map by Aranza Castillo, updated more than 1 year ago
Aranza Castillo
Created by Aranza Castillo over 7 years ago
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Resource summary

Managing Inventory in the Supply Chain
  1. Sources
    1. Procurement
      1. Production
        1. Transportation
          1. Marketing
            1. Finance
              1. Manufacturing
              2. Uncertainty
                1. Safety Stocks
                  1. Time
                    1. Transportation
                      1. Work-in-Process
                    2. Stocks
                      1. Seasonal
                        1. Antcipatory
                        2. Inventory Costs
                          1. Capital Cost
                            1. interest or opportunity cost
                            2. Hurdle rate
                              1. Weighted Average Cost of Capital
                                1. Storage Space Cost
                                  1. Inventory Service Cost
                                    1. includes insurance and taxes
                                      1. Inventory Risk Cost
                                        1. Order or Set Up Cost
                                  2. Carrying cost
                                    1. Ordering Cost or Setup Cost
                                      1. Order Cost
                                        1. Setup Costs
                                        2. In-Transit Inventory Carrying Cost
                                          1. cost becomes especially important on global moves
                                            1. storage space cost not relevant to inventory in transit
                                              1. Insurance
                                              2. Pull & Push
                                                1. customer orders to move product through a logistics system
                                                  1. anticipation of demand to move products.
                                                  2. EOQ Model
                                                    1. Total Cost Model
                                                      1. Quadrant model
                                                        1. The Square-Root Rule
                                                        2. JIT
                                                          1. zero inventories
                                                            1. small, frequent replenishment quantities
                                                            2. MRP
                                                              1. Master production schedule (MPS)
                                                                1. Bill of materials file
                                                                  1. Inventory status file
                                                                    1. Outputs and reports
                                                                    2. Distribution Requirements Planning
                                                                      1. Forecast of demand for each SKU
                                                                        1. Recommended replenishment quantity
                                                                        2. Vendor-Managed Inventory
                                                                          1. The supplier and its customer agree on which products are to be managed using in the customer’s distribution centers
                                                                            1. Pull Data
                                                                            2. ABC
                                                                              1. A) items are considered to be the most important
                                                                              2. Bibliogrfia: Supply Chain Management. A Logistics Perspective, ISBN 978-0-538-47918, 9th edition. Authors: Coyle, Langley, Novack, Gibson, Editorial Cengag
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