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File: Inventory Management Pdf 192841 | Ch12 S14
2 23 2014 chapter 12 chapter 12 inventory managementinventory management 2006 prentice hall inc outline global company profile amazon com functions of inventory types of inventory inventory management abc analysis ...

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                                                                                        2/23/2014
                                         Chapter 12 Chapter 12 
                              Inventory ManagementInventory Management
                       © 2006 Prentice Hall, Inc.
                                              Outline
                             Global Company Profile:  
                                Amazon.Com
                             Functions Of Inventory
                                  Types of Inventory
                             Inventory Management
                                  ABC Analysis
                                  Record Accuracy
                                  Cycle Counting
                                  Control of Service Inventories
                                                                                                1
                                                         2/23/2014
                       Outline – Continued
                  Inventory Models
                     Independent versus Dependent 
                       Demand
                     Holding, Ordering, and Setup Costs
                       Outline – Continued
                  Inventory Models For Independent 
                    Demand
                     Basic Economic Order Quantity 
                       (EOQ) Model
                     Minimizing Costs
                     Reorder Points
                     Production Order Quantity Model
                     Quantity Discount Models
                                                              2
                                                2/23/2014
                   Outline – Continued
                Probabilistic Models and Safety 
                  Stock
                   Other Probabilistic Models
                Fixed-Period (P) Systems
                   Learning Objectives
               When you complete this chapter, you 
               should be able to:
               Identify or Define:
                    ABC analysis
                    Record accuracy
                    Cycle counting
                    Independent and dependent 
                    demand
                    Holding, ordering, and setup 
                    costs
                                                    3
                                                      2/23/2014
                     Learning Objectives
                 When you complete this chapter, you 
                 should be able to:
                 Describe or Explain:
                     The functions of inventory and 
                      basic inventory models
                         Amazon.com
                 Amazon.com started as a “virtual” 
                   retailer – no inventory, no 
                   warehouses, no overhead; just 
                   computers taking orders to be filled 
                   by others
                 Growth has forced Amazon.com to 
                   become a world leader in 
                   warehousing and inventory 
                   management
                                                          4
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...Chapter inventory managementinventory management prentice hall inc outline global company profile amazon com functions of types abc analysis record accuracy cycle counting control service inventories continued models independent versus dependent demand holding ordering and setup costs for basic economic order quantity eoq model minimizing reorder points production discount probabilistic safety stock other fixed period p systems learning objectives when you complete this should be able to identify or define describe explain the started as a virtual retailer no warehouses overhead just computers taking orders filled by others growth has forced become world leader in warehousing...

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