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Inv Management Mindmap

This document is a mind map for inventory management. It covers key topics such as inventory types, financial impacts, costs associated with inventory, analyses used for inventory management, execution and control of inventory, and logistical concepts related to inventory management. The mind map provides an overview of the many factors that must be considered for effective inventory management.

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little_acre
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© Attribution Non-Commercial (BY-NC)
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Download as PDF, TXT or read online on Scribd
228 views

Inv Management Mindmap

This document is a mind map for inventory management. It covers key topics such as inventory types, financial impacts, costs associated with inventory, analyses used for inventory management, execution and control of inventory, and logistical concepts related to inventory management. The mind map provides an overview of the many factors that must be considered for effective inventory management.

Uploaded by

little_acre
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as PDF, TXT or read online on Scribd
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width depth delivery frequency order size service make-to-stock payment terms make-to-order ordering costs changeover costs

assortment

conditions product type batch size stock safety stock transit inventory

being able to deliver

Mindmap for inventory management


Working capital = inventory days (inventory-days-on-hand) + accounts receivable days (order-to-cash cycle) - accounts payable days (purchase-to-pay cycle) = turnover / total assets = turnover rate

= cost of goods sold / average annual stock / 365 days

inventory + work in process = current assets + fixed assets = turnover materials employees depreciation other accounts receivable cash

inventory costs out-of-stock costs

demand fluctuation set up time production capacity capacity utilization rate supply chain risk no demand spare parts regulatory requirements supplier owned ordered inventory + physical inventory

seasonal products public holidays holidays in general

Inventory functIon
inventory types

fInancIaL IMpact
return on assets x gross margin

anticipation inventory capacity inventory Work In Process(WIP) strategic stock dead stock warranty stock insurance inventory consignment stock effective inventory

= profit / turnover

- costs

2
ordering costs logistic costs set up costs

administration handling shipping (floor) space interest risk

adminstration down time changeover set up obsolete operational fire theft

economic inventory + reserved inventory determine product range product life cycle planning promotions strategic products bottleneck products routine products lever products order

inventory cost first in first out (fifo)

introduction growth maturity relapse & phase out maintain supplier relation

assortment management

Inventory Management

last in first out (lifo) weighted average net price inventory valuation standard net price current net price

insurance cost cycle counting costs

strategic inventory Dual Sourcing Vendor Managed Inventory (VMI) managing delivery conditions s,Q-model s,S-model R,Q-model R,S-model fixed order quantity variable order quantity

vendor management

basic structure Push Pull demand forecast replenishment

make-to-stock deliver-from-stock asssemble-to-order make-to-order buy & make-to-order

control

variable order time

fixed order quantity fixed order time variable order quantity inventory turnover rate inventory value inventory days delivery reliability performance % on time in full measurement Inventory reliability # out-of-stocks % SKUs in stock # backorders dead stock holding costs Plan - Do - Check - Act improve

4
executIon
logistics Creators Mindmap:

3
analyses

ABC- of Pareto-analysis

inventory items inventory value product = turnover (against net price) / average inventory

XYZ-analysis

LogIstIcaL concept

information contribution

inventory items inventory value product turnover rate Inventory weeks customers suppliers products

Inventory Management Software/System systems Warehouse Management System (WMS) Enterprise Resource Planning (ERP) Electronic Point Of Sale system (EPOS) organization inventory management centralized decentralized inventory managers

SCM
data management

responsibility update master files products cycle counting

SUPPLY CHAIN movemeNt

competencies recruitment education

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