MEMORANDUM To: From: Date: [ 12/3/2012 ] Subject: Progress Report on Inventory Management Solutions The purpose of this memorandum is to report the progress in my research of possible inventory management systems to implement into a manufacturing facility. As I proposed‚ I have been gathering information by reviewing technical literature on inventory management solutions and software used in similar manufacturing facilities. My objectives were to define which supply and planning software
Premium Microsoft Sun Microsystems Computer software
SPARE PARTS INVENTORY MANAGEMENT WITH DELIVERY LEAD TIMES AND RATIONING a thesis submitted to the department of industrial engineering and the institute of engineering and science of bilkent university in partial fulfillment of the requirements for the degree of master of science By Ya¸ar Levent Ko¸a˘a s c g May‚ 2004 I certify that I have read this thesis and that in my opinion it is fully adequate‚ in scope and in quality‚ as a thesis for the degree of Master of Science. Assist. Prof
Premium Inventory Time Operations research
Case Study: Hair Emporium Summary The Hair Emporium is a salon owned and managed by Rolando and Rosa. After years of success‚ and much research‚ they have decided to expand their business through franchising. As the hair care industry earns approximately $16 million dollars annually in the US; Rolando and Rosa are sure they will be successful as they have a proven hair care system that works for women‚ men‚ and children (Judd/Justis‚ 2010). Franchisees interested in opening their own Hair
Premium Income statement Financial statements Balance sheet
Case 9.2 Baseball Card Emporium Baseball Card Emporium (BBE) of Lewistown‚ Pennsylvania‚ is a distributor of baseball cards to sports card retailers. Its market area encompasses most of Pennsylvania‚ eastern Ohio‚ and New Jersey. The cards are printed in Neenah‚ Wisconsin‚ and currently shipped to Lewistown via motor carrier transportation. Kenny Craig‚ vice president of logistics‚ has asked his staff to evaluate using air carrier service to ship the cards. Nick Gingher‚ director of distribution
Premium Baseball Transport Economic order quantity
upmarket player. Main distribution channels: • grocery chains and retailers; • the best restaurants on its region; • wholesalers; • its own fish market. They are facing a big inventory problem. Reasons • new technologies; • new lows; • growing demand. Proposed solutions • slash prices launching a new mass-market brand; • slight discounts; • sell old ships and launch new product; • new markets. Issues of Sanchez’proposal • destroy premium
Premium Inventory Toyota Toyota Production System
- 12 Chapter 17 Inventory Control – Part 2 Dr. G. Anand “QM & OM” Area Indian Institute of Management Kozhikode (IIMK) IIMK Campus‚ Kunnamangalam‚ Kozhikode‚ Kerala - 673570 17-2 OBJECTIVES • Multi-Period Inventory Models: Basic Fixed-Time Period Model • Miscellaneous Systems and Issues – Optional Replenishment System – 2 Bin System – ABC Analysis Fixed-Time Period Model with Safety Stock Formula 17-3 q = Average demand + Safety stock – Inventory currently on hand
Premium Inventory Standard deviation Dollar
upon to introduce the concept of polymorphism. Students learn how to declare‚ create‚ initialize‚ and manipulate arrays. Assignment Notes CheckPoint: Inventory Program Part 2 Resources Required Ch. 9 & 10 in Java: How to Program Grading Form for Inventory Program Part 2‚ Due in Week Six Grading Form for Inventory Program Part 2‚ Due in Week Six Criterion Points The application compiles and runs. 10 The application uses an array to store multiple items. 10 The application
Premium Object-oriented programming Source code Computer program
Case Problem: Make or Buy Analysis Larsen Fabricating Company is reviewing the economic feasibility of manufacturing a part that it currently purchases from a supplier. Forecasted annual demand for the part is 3200 units. Larsen operates 250 days per year. Larsen’s financial analysts have established a cost of capital of 14% for the use of funds for investments within the company. In addition‚ over the past year $600‚000 has been the average investment in the company’s inventory. Accounting
Premium Standard deviation Capacity utilization Arithmetic mean
overemphasized‚ fill rates and inventory turns don’t improve‚ even when forecast accuracy does. No measure of customer service or inventory turns. Customers must be satisfied on an ongoing basis for a company to achieve long-term sustainability. Yet‚ inventory managers often have no idea how well customers’ needs are being met. Similarly‚ without knowing how quickly inventory moves through the value-creation-and-delivery system‚ a company won’t be able to manage inventory levels. Daily planning is based
Premium Inventory Warehouse
materials manager for Parts Emporium. A recent graduate of a prominent business school‚ McCaskey is eagerly awaiting her first real-world problem. At approximately 8:30 A.M.‚ it arrives in the form of status reports on inventory and orders shipped. At the top of an extensive computer printout is a handwritten note from Joe Donnell‚ the purchasing manager: "Attached you will find the inventory and customer service performance data. Rest assured that the individual inventory levels are accurate
Premium Inventory Warehouse Cycle count