Inventory Management Sources for your Essay

Defining the Future of Integrated Supply Chains and Inventory Management


Being able to quickly assimilate, aggregate and analyze shop floor inventory data then translate it into financial metrics is key to any company's long-term growth. Add in the time pressures of semiconductor and computer equipment industries and the urgency to create a unified view of shop floor inventory positions exponentially increases (Alexander, 2001)

Defining the Future of Integrated Supply Chains and Inventory Management


MES systems integrated with ERP and financial reporting systems are also capable of interpolating inventory data and creating a highly effective dashboard for senior management to also use in managing manufacturing. The integral role of inventory data across the entire supply chain is essential for reducing lead time and performance while accelerating time-to-market (Drickhamer, 2001)

Defining the Future of Integrated Supply Chains and Inventory Management


Assessing the Benefits of Having Inventory Control on the Shop Floor One of the most interesting aspects of manufacturing operations is that the larger they become, the more the assumption base of just what customers expect and how they expect it -- basically their expectations based on experiences -- gets amplified throughout a manufacturers' value chain. This is especially evident in how Toyota had constructed the Toyota Production System (TPS) to reflect customers' perception of time-to-market and especially quality, which is reflected in the many uses of Six Sigma in the TPS process (Dyer, Nobeoka, 2000)

Defining the Future of Integrated Supply Chains and Inventory Management


The many enterprise-class systems including ERP, Supply Chain Management (SCM), Manufacturing Execution Systems (MES), pricing and services all must be tightly orchestrated for a product introduction to be successful. Unfortunately however these systems all use varying approaches to defining inventory levels, and also provide varying degrees of inventory velco8ity measurements (Gould, 2002)

Defining the Future of Integrated Supply Chains and Inventory Management


One of the most interesting key take-aways from this article is that only 11% of all manufacturers are actively trying to integrate the many shop floor and inventory management systems to the large-scale Enterprise Resourcing Planning (ERP), pricing, Manufacturing Execution Systems (MES) that have in many instances been installed for decades. The many benefits of having inventory control online in real-time from the factory floor to the top floor of a manufacturer including all departments that also rely in inventory data can be seen in the results Lexmark achieves (Alexander, 2001) in addition to Toyota and their highly customized and very effective Toyota Production System (TPS) (Steele, 2001)

Inventory Management in the Automotive Used Parts Industry


This relates to application of lean practices with reference to inventory management cycle in order to eliminate or reduce investment in standing inventory, reverse logistics, and shipping costs while maintaining or enhancing customer service levels. This is an indication that effective inventory management focuses on appropriate implementation of available information with the aim of enhancing the outcome (Mercado, 2008)

Inventory Management in the Automotive Used Parts Industry


These opportunities are essential in the improvement of effectiveness and efficiencies staring with shortening order to receipt time with the aim of not incurring additional cost of operations and distribution of automotive used-parts. This illustration focuses on the inclusion of four critical stages: supply chain management, inventory control, demand forecasting, and reverse logistics (Chou et al

Inventory Management in the Automotive Used Parts Industry


In this research exercise, the focus will be on the illustration of the four critical stages of inventory management with reference to the automotive used-parts industry. The second objective of the research exercise will be on the examination of the influence of the market, weather, production, and quality control on the sales and inventory management within the automotive used-parts industry (Jaber, 2009)

Inventory Management in the Automotive Used Parts Industry


Various industries and organizations adopt and implement unique such as cost of goods, customer managed inventory, and inventory turnover. This is because of the unique needs and objectives by organizations and industries (Glock et al

Inventory Management in the Automotive Used Parts Industry


The organization must determine the time for the suppliers to process an order and execute the delivery adequately in order to evaluate the process of acquiring materials for the inclusion of total delivery. Effective inventory management would focus on the determination of the amount of time relevant for the transfer of the products to their respective places for the purposes of sales (Ben-Daya et al

Inventory Management in the Automotive Used Parts Industry


This will also include returned products in case of implemented product-return policy. Accurate documentation of the details in relation to the movement of the materials through stages of inventory ensures that the organization has the opportunity to display information to sales personnel with reference to what is available for transportation (Chin et al

Inventory Management in the Automotive Used Parts Industry


Changes within the markets, globalization, and adoption of new techniques are essential in the implementation of quality and effective inventive management. This is because of the need by organizations or business entities within this industry to adopt and implement an efficient inventory management with the aim of curbing new consumer demands and changes across the globe (Niranjan et al

Inventory Management in the Automotive Used Parts Industry


It is also essential for the organization to focus on quality management of time thus addressing variation in weather conditions. Adverse weather conditions such as floods cause massive destruction to properties and products thus limiting supplies to the organizations operating within the context of automotive used-parts industry (Syntetos et al

Inventory Management in the Automotive Used Parts Industry


It is also ideal for proper timing in order to avoid implications of adverse weather conditions because of the massive losses. This is through adopting effective infrastructures at strategic places across the globe with the aim of addressing various needs and preferences of consumers within the market (Wadhwa et al

Inventory Management in the Automotive Used Parts Industry


In this research exercise, the focus will be on the illustration of the four critical stages of inventory management with reference to the automotive used-parts industry. The second objective of the research exercise will be on the examination of the influence of the market, weather, production, and quality control on the sales and inventory management within the automotive used-parts industry (Jaber, 2009)

Inventory Management in the Automotive Used Parts Industry


Quality control will affect inventory management because of its focus on the concepts of timing and documentation. These two aspects are critical towards the achievement of goals and objectives thus an opportunity for the improvement of the profits and revenues during the financial year (Silver et al

Logistics of Inventory Management a


9). Given the enormous amounts of money that are involved in formulating optimal inventory levels and the significant outcomes that are at stake, it is not surprising that over the past four decades, a growing number of companies of all types and sizes have sought to achieve improvements in their inventory management methods (Allen, 1999)

Logistics of Inventory Management a


Given the enormous amounts of money that are involved in formulating optimal inventory levels and the significant outcomes that are at stake, it is not surprising that over the past four decades, a growing number of companies of all types and sizes have sought to achieve improvements in their inventory management methods (Allen, 1999). As one practitioner points out, "Improving inventory management can be a fruitful place to look for savings" (Bendix, 2009, p

Logistics of Inventory Management a


27). Effectively managing inventory and factory production levels, though, becomes a major challenge when orders differ, thereby requiring supply chain partners to retain more items in their respective inventories (Haines & Hough, 2010)

Logistics of Inventory Management a


Effectively managing inventory and factory production levels, though, becomes a major challenge when orders differ, thereby requiring supply chain partners to retain more items in their respective inventories (Haines & Hough, 2010). Fortunately, innovations in radio-frequency identification (RFID) readers and tags, bar codes and computerized inventory management systems that can keep track of inventory levels and automatically issue purchase orders have also improved inventory management practices in companies such as Dell, Cisco, and Pfizer in significant ways in recent years (Jablonsky & Barsky, 2001)