STUDIES OF INVENTORY CONTROL AND CAPACITY PLANNING WITH MULTIPLE SOURCES A Dissertation Presented to The Academic Faculty By Frederick Craig Zahrn In Partial Fulfillment Of the Requirements for the Degree Doctor of Philosophy in Industrial Engineering Georgia Institute of Technology August 2009 STUDIES OF INVENTORY CONTROL AND CAPACITY PLANNING WITH MULTIPLE SOURCES Approved by: Dr. Shi-Jie Deng, Advisor School of Industrial and Systems Engineering Georgia Institute
Words: 30658 - Pages: 123
Introduction An inventory system is basically a process whereby a business keeps track of the goods and material it has available. In its simplest sense it can be done manually by a count at the end of each day. In this way it is possible to keep a record of the goods coming in to the business and goods being sold. However this is only really appropriate for small businesses that do not have a lot of stock. For larger business it is more likely that a computerized system will be required. Transaction
Words: 1212 - Pages: 5
following are sales, cost of sales, and inventory data for a company, a wholesale distributor of car accessories. Dollar amounts are in millions. Computation of Gross margin as a percentage of sales and Inventory turnover 2014 2013 2012 2011 Sales 102.8 92.8 88.4 79.6 Cost of sales 82.8 77.2 70.8 64.0 Beginning inventory 10.0 8.4 8.6 7.2 Ending inventory 12.6 10.2 9.4 8.6 Gross margin as a percentage of sales 19.46% 16.81% 19.91% 19.60% Inventory turnover 1.832 2.075 1.967 2.025 .
Words: 785 - Pages: 4
or services. o Focus on individual units o Focus on cost components (Beginning WIP and Currently added. o Focus on when costs are introduced into the process. o Focus on beginning and ending inventories and percentage of completion. o This system in the assembly department has a single direct-cost category (DM), and a single indirect-cost category (conversion costs: DL and MOH). Assuming that we only use direct materials are added
Words: 1702 - Pages: 7
INTRODUCTION In this age of rapidly changing business environment, many organisations and business houses faces a constant pressure to continuously adapt and redefine their business process. One of the key processes in doing business whether big or small ranging from small grocery store to a big retail chain is the supply chain process. With the increase in exposure of the companies to the global environment, liberal trade policies, business partnerships and virtual proximity between any two locations
Words: 1825 - Pages: 8
Task 3 A. Analyze whether a Keiretsu network, a virtual company, a vertical integration, or a different supply chain strategy should be adopted. Identifying a strategy is the first step in a supply chain management strategy so that is where we start. There are many options when selecting a strategy that will work best for our market and each strategy has advantages as well as disadvantages. No matter what type of strategy we chose we will face the same main question of if we should make
Words: 4103 - Pages: 17
company has also been able to keep prices down by maintaining a strict budget with tight control over operating expenses, including paying its sales team on commission and keeping overhead low. Financing is another key in a business and is a large factor that will determine the success of Jones Electrical is their financing. Jones Electrical needs to take out larger loans in order to build up inventory and increase sales. Also by taking loans the company is able to take advantage of the 2%
Words: 906 - Pages: 4
case are as follows: a. Provide an opportunity to review and reinforce basic process measurements such as throughput time, cycle time, work-in-process inventory, labor utilization, and machine utilization in two different operating environments. b. Introduce the reader to a useful application of “Little’s Law,” relating work-in-process inventory and throughput time to cycle time or output rate. c. Introduce the concept and operations of cellular manufacturing system. Emphasize the human resource
Words: 814 - Pages: 4
new shared inventory tracking capability. Therefore, the inventory control processes could be integrated with the Distribution Centers (DC) and thus, allowing Zara to exploit their expertise in supply chain management. c. The pros of employees having the ability to look up inventory balances in their own stores could reduce the potential of miscalculations of physical count of inventory. However, employees’ sales motivation might be affected variably depending on the inventory balances. It
Words: 819 - Pages: 4
Inventory Models 1. What are Meditech’s problems in introducing new products? In manufacturing ALL products? Meditech was in the situation of new product introductions resulting in excess demand and shortage of supply problem. There were constant shortages with new product introductions. Dealers and affiliates started increasing order size or “panic ordering” hoping to have better chance at receiving some of the order. The increased demand depletes inventory and causes back orders. In response
Words: 837 - Pages: 4
