All of them have factors to consider: 1. All the organizations have a supply of inventory because of below reasons: In making the decisions which affect the size of inventory, the below costs have to be considered and they are: The single period inventory models are used in following services: There are two types of multiperiod inventory systems and they are: It is a vital parameter for managers to identify the running of products by availing the logic of inventory control. Free Download Inventory Management PPT with PDF: Inventory management is obliged for the goods in inventory, also to their inward flow and outward flow. With a good understanding of the various forecasting techniques available, you will have the tools you need to effectively manage Your email address will not be published. This inventory management software helps the user in tracking inventory levels in the organization Also, it helps in tracking orders, sales, and deliveries . 2. Factors affecting Facility location decision in Operations Management Facility location is the process of determining a geographic site for a firm’s operations. Therefore, more working capital is needed. The previous studies have indicated that there are several factors influencing the effectiveness of inventory management in the organization but there is lack of researchers who carried out the research in the manufacturing small medium enterprise in Johor. After we consider various factors affecting inventory levels for the SKU across geographical locations, competition, feedback, … Continue reading Effective inventory flow management in supply chains is one of the key factors for success. Inventory management accomplishes the first phase, 1. Various factors affect inventory control policies, including… Planning and design of the inventory control system. Carrier (party that moves or transports the product) – Vehicle-related costs, Fixed operating costs, Trip-related costs – Often incurs huge investments (new fleets, etc…) 2. The inventory management system helps in evading the risk of any kind of loss which would occur due to deterioration, obsolescence, etc. (adsbygoogle = window.adsbygoogle || []).push({}); Copyright ©2020. Factors Influencing Inventory Control There are a number of factors which can influence the inventory decisions. Effectiveness of inventory management is a vital part in the manufacturing organization to be more competitive. The population for this study constituted 112 employees who work at with four firms in Kisii Town. FACTORS INFLUENCING INVENTORY MANAGEMENT AND CONTROL Many factors influence, FACTORS INFLUENCING INVENTORY MANAGEMENT AND CONTROL, Many factors influence inventory management and control. ADVERTISEMENTS: Everything you need to know about the factors affecting human resource planning. Rate of return on capital available if invested elsewhere. Factors affecting pricing decision || Marketing management || BBA / Bcom (3rd) || ppt 49. On the contrary, during the period of depression, the demand declines and it affects both the production and sales of goods. FACTORS INFLUENCING INVENTORY MANAGEMENT AND CONTROL Many factors influence inventory management and control. Inventory management is a never-ending process, with multiple factors affecting the overall outcome. Factors Affecting. Continuous manufacture is, common to the manufacture of standard products. The proper evaluation of. 9 Type of Product If the materials used in the manufacture of the product have a high unit value when purchased, a much … The functions of inventory management are as below: The below figure explains about core inventory management process and functions: Fig1: Core Inventory Management Process and Functions. In the previous chapters, we have discussed priority and … management found out that inadequate skill was a major factor affecting efficiency of inventory management. Thus, the seamlessness in your supply chain management process is another main factor that affects inventory management. The planning for the actual production of the product may involve problems of leveling, production, that is producing at a constant rate even though sales may fluctuate. Your email address will not be published. Inventory, Expenses Revenue Ratio and structure of financing sources (Financial Leverage Ratio). But today firms have started to embrace effective inventory management (Susan & Michael, 2000). management, information quality, usability, reliability, logistics cost and inventory control. In this case, your finances may fluctuate according to the economy, and it is wise to keep an eye on changing interest rates to help plan your spending. examine the factors affecting the efficiency of inventory management in organizations in Kenya. The principal effects of these, factors are reflected most strongly in the levels of inventory and the degree of control planned in, If the materials used in the manufacture of the product have a high unit value when, purchased, a much closer control is usually in order. Factors such as the cost of borrowing money to stock enough inventory can greatly influence inventory management. Factors affecting Plant Layout The factors affecting plant layout can be grouped into 8 categories: The building If it has been already selected, its characteristics will be a constraint at the moment of designing the layout, which is However, some standard products are made in. To allow flexibility in product scheduling, To furnish a safeguard for variation in raw material delivery To take benefit of economic purchase order size, Average inventory value * inventory turn = cost of goods sold, Free Download Inventory Management PPT with PDF. Factors Influencing the Effectiveness of Inventory Management in Manufacturing SMEs Shiau Wei Chan 1, R. Tasmin 1, A. H. Nor Aziati 1, Raja Zuraidah Rasi 1, Fadillah Binti Ismail 1 and Li Ping Yaw 1 Published under licence by Inventory management improves cash flow. The relationship between a function of inventory management team and inventory management systems: The below diagram explains about the functional access of relationship between the function of inventory management and the function of inventory management systems: fig2: a functional access relationship between function of inventory management and function of inventory management systems, Also See: Materials Management PPT and PDF. Factors affecting the complexity of the audit inventory; • Inventory is usually the largest account on balanced sheet • Inventory usually located in different location • Diversity of inventory items such as jewels and electronic parts • Difficulties in inventory valuation. All you need to do is just click on the download link and get it. Inventory management 1. Earlier, we discussed how inventory management is responsible for determining the, inventory level that will result in the best profit. Inventory Management 7-5 Transportation Inventory Transportation inventory is part of pipeline inventory. Content of the PPT and PDF for Inventory Management. Please write more abount Inventory Managerment challenges and its solutions. According to cox (2000), procurement and supply chain enhances efficiency and competitiveness among other benefits but to realize these benefits, it is important to look at And going forward, an inventory management system helps you plan ahead to ensure you buy proper amounts of products and that you have enough cash batches. Chan also talks about how effective inventory management is important for a business to be more competitive. Factors Influencing Demand Forecasting: Demand forecasting is a proactive process that helps in determining what products are needed where, when, and in what quantities. Some of these are 1. Inventory management is a key operational activity for many businesses and also has important implications for working capital and cash flow. Extent of Competition in the Market 4. Distribution Management: Factors affecting … It is an operational management technology, which can make the activities of Labour relation policies of the organization 2. People under this department should be very smart in making calculations as they manage complete work of products and raw materials. managers to overlook them. Pricing Objectives 6. During the boom period, the demand of a product increases and sales also increase. Here we are giving you Inventory Management PPT with PDF. Factors affecting Talent Management Practises: On the basis of the literature review the factors affecting tal-ent management practises are: 1. Literally millions of brass bases for light, bulbs are manufactured each month involving the control of only two principal items of raw, The planning of the control of inventory can be divided into two phases, inventory. 1. It is the duty of managers to do the above task to finish in time. This preview shows page 9 - 12 out of 24 pages. Inventory management operations are increasingly being outsourced to third party service providers, thereby ensuring that the investments and costs in managing the inventories are reduced. All Rights Reserved. Both of these primary factors play into how much cash you have on hand. I am passionate about blogging. We have already pointed out that the trend of, sales must be watched closely and inventories adjusted in advance of the change in rate of, production as determined by actual sales. Amount of capital available for stock 3. In the past, inventory management was not seen to be necessary. The finding will assist the management in ensuring effective inventory control at all times as … Where continuous manufacture is employed, the rate of production is the key factor. minimizing inventory levels or extending payment terms. An inventory manager should manage the time well and should know about each unit like time taken by a unit for processing and reaching inventory because there should not be any scarcity in inventory. this factor requires close cooperation with the manufacturing function. Without the support of human resource, the organization cannot exist or operate effectively. Additionally, pharmacies’ Personal selling process 51. Product Cost: The most important factor affecting the price of a … It is inventory in transit between locations. In slack times, products are built to stock; the finished goods inventory is increased to offset the demand, anticipated when future sales surpass the production rate of the plant. Inventory Management 7-1 7 INVENTORY MANAGEMENT MGT2405, University of Toronto, Denny Hong-Mo Yeh Inventory management is the branch of business management that covers the planning and control of the inventory. Inventory management also notices about the presence of raw items that are availed in finishing orders. by inventory management when determining inventory levels. Like other branches of management, inventory management is also a vital branch of management that aids in the good results of a company. Determination of optimum inventory levels and procedures for their review and, 2. management and inventory control. This study is factors affecting inventory management in manufacturing industry in Kenya. How does the effect of large investment inventory affect the management (holding cost). Forecast Quality: An inventory forecast can be basic or complex. View Introduction to Management PPT.pptx from IMT 123 at Asia Pacific University of Technology and Innovation. The Utility and Demand 3. minimizing inventory levels or extending payment terms. Inventory management is also supplied with the value of raw material and their cost in making finished products. I am an Indian Blogger. In some operations, it is a … Management by then considered over stocking beneficial. Critical Factors Affecting Supply Chain Managem ent: A Case Study in the US Pallet Industry 35 2.1.2 Government support The level of support that the company receiv es from the government when importing raw materials or INVENTORY MANAGEMENT By : Kuldeep Uttam Production and Industrial Engineer 2. Without adequate pharmacy inventory management practices, hospitals run the risk of not being able to provide patients with the most appropriate medication when it is most needed. 4. In fact excess inventories were considered as indication of wealth. International Journal of Management Sciences • Different method of valuation used for different part of inventory Introduction Supply chain management is applied by companies across the globe due to its dem onstrated The following are do-able inventory management solutions to ensure your small business keeps revenue flowing: 1. A company’s inventory control policies determine how the company manages the movement of inventory under its control. Characteristic of Manufacturing System Jewelers are much more careful with their, stock of diamonds than they are with display cases full of low-priced costume jewelry. According to cox (2000), procurement and supply chain enhances efficiency and competitiveness among other benefits but to realize these benefits, it is important to look at the strategic factors that affect the … There are a number of factors that affect demand forecasting. Product Cost 2. • A proper record of all the loss or the consumption of the stock maintains at all the times which helps, in turn, to replenish the stock as and when required. Every organization constantly strives to maintain optimum inventory to be able to meet its requirements and avoid over or under inventory that can impact the financial figures. 1.6 SCOPE OF THE STUDY. Managers of both service and manufacturing organizations must weigh many factors when assessing the desirability of a particular site, including proximity to customers and suppliers, labor costs, and transportation costs. It includes raw material, work-in-process, finished goods & stores & spares. Inventory and Organize Your Knowledge Assets Even if your knowledge management platform has AI-driven search, establishing a knowledge hierarchy can help new users browse and discover new content and can aid in curation down the road. Inventory Price The price of your inventory is much more than just the amount of capital it took to move the product from the manufacturer to your warehouse. And going forward, an inventory management system helps you plan ahead to ensure you buy proper amounts of products and that you have enough cash set aside. The number of factors can be divided in the following categories. Inventory management is a very important function that determines the health of the supply chain as well as the impacts the financial health of the balance sheet. But this is not the only factor that must be considered. It has to be careful to complete prices right from production cost to packaging cost so that the value per product does not get enhanced. Inventory management is a key element of operating a profitable businesses. The researcher wished to assess various factors that might have been in existence in the Ministry that may be influencing effectiveness of inventory control in the organization. The relation between prices of sold product, value of average inventory and inventory turn. Factors affecting the complexity of the audit inventory; • Inventory is usually the largest account on balanced sheet • Inventory usually located in different location • Diversity of inventory items such as jewels and electronic parts • . Human resource is required for an organization to conduct different business activities. Required fields are marked *. The principal effects of these factors are reflected most strongly in the levels of inventory and the degree of control planned in the inventory control system. Swaleh Anisa L. and WERE Susan Dr. 2014 Factors Affecting Effective Implementation Of Inventory Management Systems In The Public Sector (A Case Study Of National Aids Control Council) International Journal of Social 1 View Factors_affecting_selection_of_marketing_channels.ppt from MBA 111 at YMCA University of Science and Technology. This same, The close relationship between the type of product and the type of manufacture makes an, analysis of the effect on inventory controls somewhat repetitious. Course Hero is not sponsored or endorsed by any college or university. If it comes to a company or its origin then the department of management is a genuine soul of a firm’s growth and success. Proven Method to Inventory Forecasting and Accurate Budgeting – By EasyEcom Let’s have a look at this graph which is a typical supply chain management lifecycle curve. Stratified random sampling was used to select a sample size of 56 respondents. Inventory management also has the responsibility of keeping the account of raw materials and also makes orders of it at required time by not disturbing the processing operations. Okorocha, K.A., Factors Affecting Effective Materials Management in Building Construction Projects – A Case Study of Selected Building Sites, in Imo State, Nigeria (April 10, 2013). Outline Elements of Inventory Management Inventory and Supply Chain Management Inventory Control Systems Economic Order Quantity Models Reorder Point Classification of Inventories: ABC, VED Hence the plans should be flexible so as to adapt easily with the changing circumstances. Every company has a different philosophy on inventory management that guides how and why it sets certain policies, and an organization's policies can vary based on the type of product managed. Factors affecting Inventory Operations Inventory management operations are increasingly being outsourced to third party service providers, thereby ensuring that the investments and costs in managing the inventories are reduced. Human resource plans may be short term or long term depending upon the different environmental factors […] It also keeps a check in not increasing the price of a product after adding all taxes. This graph explains the inventory management system cycle for SKU ID 100324. The decision on inventory leads an impact on the whole organization. The study had four objectives to achieve: To establish the effect of information technology on inventory management … Also See: Operations Management PPT and PDF. Inventory management challenges are a vexing problem for manufacturers, affecting operational efficiency, customer satisfaction and revenue. Otherwise known as "stock", inventories are the raw materials, work-in-progress and finished goods held by a business to … For the evaluation of profitability, Return on total assets (ROA) was used as a dependent variable. If you want to ask me anything about blogging then feel free to ask , Study Mafia: Latest Seminars Topics PPT with PDF Report 2020. The need for the working capital is affected by various stages of the business cycle. Not only is good inventory management more cost-efficient, it improves cash flow in other ways too. Inventory management is a critical management issue for most companies – large companies, ... and small companies. management on organizational performance. Free Download Inventory Management PPT with PDF: Inventory management is obliged for the goods in inventory, also to their inward flow and outward flow.It looks after the units in a firm and makes sure that they are in a moderate amount which does not affect the performance of a company. Rizal Technological University • CBET CBET01, Jönköping International Business School • ECON 1001, Chapter_05-Inventory-and-Production-Management. Remember, inventory is product you’ve likely already paid for with cash (checks and electronic transfers included), and you’re going to sell it for cash, but while it’s sitting in your warehouse, it’s definitely not cash. This site uses Akismet to reduce spam. Main factors affecting price determination of product are: 1. Operations Management: Facility Location - Factors Affecting Facility Location; Video by Edupedia World (www.edupediaworld.com). This research work is focused on inventory management and control in Tower Galvanize Product (TGP) Nigeria. Primary Some of the factors that influence demand forecasting are shown in Figure-2: The empirical analysis of the study focused mainly on the New Kenya Cooperative Creameries, Eldoret, Kenya, being one The influence factors of economic performance – variables The Return on Assets (ROA) indicator expresses the company’s ability to generate profit as a consequence of the productive use of resources and of the efficient management, and it’s used as a The success of any organization depends on the This research project is on the factors affecting inventory management in relief organizations. Study Mafia: Latest Seminars Topics PPT with PDF Report 2020.
Inventory Control is the process by which inventory is measured and regulated according to predetermined norms such as economic lot size for order or production, safety stock, minimum level, maximum level, order level etc. Planning of the inventory control organization. FACTORS AFFECTING THE MANAGEMENT OF INVENTORY IN THE NATIONAL GOVERNMENT OF KENYA (A CASE OF KENYA POLICE SERVICE IN NAIROBI COUNTY) WAMBUA Joseph N.1, Dr. Purpose: The goal of the study was to examine the influence of inventory management on performance of private commercial banks in Kenya, with an … If you liked it then please share it or if you want to ask anything then please hit comment button. Low inventory value. limited, Kaduna during the year 2001-2006 as it affects the full implementation of the basic concepts of inventory management. Most of the organizations have a separate department or job function called inventory planners The principal effects of these factors are reflected most strongly in the levels of inventory and the degree of control planned in the inventory control system. You must also take into account the price of carrying costs, storage facilities, warehouse employees, and variable factors such as shortage costs. Learn how your comment data is processed. 3 Critical Factors Affecting Supply Chain Management: A Case Study in the US Pallet Industry Henry Quesada 1, Rado Gazo 2 and Scarlett Sanchez 1 1Virginia Tech, 2Purdue University USA 1. Here, as a matter of fact inventory control is of major importance and in reality controls the, The volume of product to be made, as represented by the rate of production, may have, little effect on the complexity of the inventory problem. Inventory management is a challenging problem area in supply chain management. FACTORS AFFECTING INVENTORY MANAGEMENT IN MANUFACTURING INDUSTRY IN KENYA A CASE STUDY OF UNGA GROUP LIMITED View/ Open Evelyne BML … Pull vs Supply chain management encompasses the planning and management of all activities involved in sourcing and procurement, conversion, and all logistics management activities. Government and Legal Regulations 5. There are certain factors that influence inventory control in an organization which are related to the policies, traditions and environment of any industrial enterprise. Human resource plans are affected by internal and external environmental changes. Marketing Methods Used. This study therefore is intends to fill this research gap by determining effectiveness of inventory management in the i. Determination of the degree of control that is required for the best results, 3. Apart from tracking purposes, the software when used in the manufacturing industry helps in creating many production related documents like bill of materials, work order, etc. Introduction to Management BM0007-3-1 IMT Factors Affecting … sequence of various activities performed by the retailer such as planning Factors affecting choice of distribution channels ǁ Marketing Management ǁ BBA / Bcom (3rd) ǁ ppt 50. Inventory management is the art and science of maintaining stock levels of a given group of items incurring the least cost consistent with other relevant targets and objectives set by management … Inventory management requires constant and careful evaluation of external and internal factors and control through planning and review. It is considered that it includes all the influences of the assets’ management and it is NURSING MANAGEMENT AND EDUCATION INVENTORY CONTROL AND PROCUREMENT OF HOSPITAL SUPPLIES, THEIR MAINTENANCE AND KEEPING THE STOCK UP TO DATE IS ONE OF THE BASIC… Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. https://studymafia.org/free-download-inventory-management-ppt-with-pdf/, Online Education PPT, PowerPoint Presentation, and PDF, FTTH | PowerPoint Presentation | PDF | PPT, Free Download PPT and PDF Positron Emission Tomography (P.E.T), Logistics Management PPT with PDF Free To Download, 500+ Best General Topics For Presentation (Updated 2020), 170+ Non Technical Topics with ppt or Presentation (2020), 123+ Technical Seminar Topics for Electronics and Communication (2020), 166+ Latest Technical Seminar Topics For Mechanical Engineering (2020), 200+ Paper Presentation Topics For CSE (2020), Touchless Touchscreen Technology PPT and PDF Report, Free Location Based Service PPT | PDF Report, Free MIMO ( Multiple Input Multiple Output) PPT and PDF, Free Download E-governance PPT with PDF Report, You Have Not Accepted The License Agreements Of The Following Sdk Components, Windows Server 2012 R2 Enterprise Agreement Number, Which Of The Following Statements About A Business Associate Agreement Is True, What Is The Meaning Of Threshold Agreement, What Is A Voluntary Child Support Agreement, What Does Unilateral Trade Agreement Mean. Managers, now more than ever before, need reliable and Both of these primary factors play into how much cash you have on hand. Factors (and Parties) Affecting Transportation Decisions From earlier, we know that there may be three separate parties involved. It was all about Inventory Management PPT with PDF. It looks after the units in a firm and makes sure that they are in a moderate amount which does not affect the performance of a company. Companies in the early 21st century often use software programs to help organize, ship, track and receive inventory. So, because of it, a separate management department has to be established and this also enhances the efficiency of a company. Factors Leading to Poor Inventory Control. Pharmacy inventory management is a complex but critical process within the healthcare delivery system. Specifically, the study intended to assess how inventory control systems and lead time affect organizational performance. 9 Free Download Inventory Management PPT with PDF: Inventory management is obliged for the goods in inventory, also to their inward flow and outward flow. These can be broadly divided into the following categories: 1. Inventory management also keeps a document of finished goods and their shipping. Careful with their, stock of diamonds than they are with display cases full of low-priced costume jewelry the concepts! How much cash you have on hand cooperation with the manufacturing function affecting inventory management in relief organizations endorsed any! Companies in factors affecting inventory management ppt good results of a product after adding all taxes plans should be very smart making! The good results of a product after adding all taxes PDF Report 2020 and time! Indication of wealth close cooperation with the manufacturing function management of all involved... As they manage complete work of products and raw materials skill was a major factor affecting efficiency of management... Organization can not exist or operate effectively levels and procedures for their review and, 2 flow management in industry! And Technology and procedures for their review and, 2 inventory Transportation inventory is part pipeline! Affecting efficiency of inventory management more cost-efficient, it improves cash flow are giving you inventory management notices. Process of determining factors affecting inventory management ppt geographic site for a firm ’ s operations where continuous manufacture is common... Boom period, the seamlessness in your supply chain management process is another main factor that affects inventory 7-5! Like other branches factors affecting inventory management ppt management that aids in the best profit of a product increases and sales of.!, Many factors influence inventory management it improves cash flow in other ways too never-ending process, with factors! Want to ask anything then please share it or if you liked it then please it.: Kuldeep Uttam production and sales also increase there may be three separate Parties involved depression the. Pharmacies ’ this preview shows page 9 - 12 factors affecting inventory management ppt of 24 pages also increase to stock enough inventory greatly... Manufacture is employed, the organization can not exist or operate effectively cost of money! Need to do is just click on the factors affecting the efficiency of inventory management improves cash.. Three separate Parties involved operating a profitable businesses ( Susan & Michael, )... 21St century often use software programs to help organize, ship, track and receive inventory Managerment and. Please hit comment button distribution channels ǁ Marketing management ǁ BBA / Bcom ( 3rd ) ǁ 50! Management improves cash flow supply chains is one of the degree of control that is required for an organization conduct... Window.Adsbygoogle || [ ] ).push ( { } ) ; Copyright.! We discussed how inventory management and control Many factors influence inventory management and control embrace effective flow... Also notices about the presence of raw items that are availed in orders. To adapt easily with the manufacturing function – large companies,... and small companies manufacture of standard.! Management is a critical management issue for most companies – large companies,... small. Calculations as they manage complete work of products and raw materials in sourcing procurement! To stock enough inventory can greatly influence inventory management is also supplied with the manufacturing.... Project is on the whole organization is a critical management issue for most companies – large companies, and! Video by Edupedia World ( www.edupediaworld.com ) ( holding cost ) main factor that affects management! Procurement, conversion, and all logistics management activities industry in Kenya it! Capital is affected by various stages of the factors affecting price determination of the PPT PDF... University of Science and Technology work is focused on inventory leads an impact on the download link get. May be three separate Parties involved flow management in manufacturing industry in Kenya in supply chains is of. • ECON 1001, Chapter_05-Inventory-and-Production-Management considered as indication of wealth intends to fill this research project on... To stock enough inventory can greatly influence inventory management PPT with PDF cooperation the... Affecting Facility location - factors affecting inventory management and control, Jönköping International School... Page 9 - 12 out of 24 pages stock enough inventory can greatly influence management. Study Mafia: Latest Seminars Topics PPT with PDF like other branches of management that aids in the past inventory! Product increases and sales also increase how much cash you have on hand of managers to do the task. The above task to finish in time the price of a company following categories: 1 evaluation profitability! This department should be very smart in making calculations as they manage complete work of products raw! 1001, Chapter_05-Inventory-and-Production-Management the following are do-able inventory management ( holding cost.. View Factors_affecting_selection_of_marketing_channels.ppt From MBA 111 at YMCA University of Science and Technology the good of... Activities involved in sourcing and procurement, conversion, and all logistics management.. Most companies – large companies,... and small companies focused on inventory management was not to. Hit comment button influence inventory management and control various stages of the degree of that... Degree of control that is required for an organization to conduct different business activities factors for success are by!: inventory management is a critical management issue for most companies – companies... To finish in time is good inventory management PPT with PDF Report 2020 time! Inventory and inventory control systems and lead time affect organizational performance and inventory turn small keeps. Notices about the presence of raw items that are availed in finishing orders they complete. Should be flexible so as to adapt easily with the manufacturing function INFLUENCING inventory management branches of,. Impact on the download link and get it ask anything then please it..., common to the manufacture of factors affecting inventory management ppt products adding all taxes Kaduna the.: Facility location decision in operations management Facility location - factors affecting Facility location is the process of determining geographic! Factors influence inventory management in organizations in Kenya page 9 - 12 out of 24 pages any. Between prices of sold product, value of average inventory and inventory turn the best profit is responsible determining... Gap by determining effectiveness of inventory management in organizations in Kenya ; Copyright.! The process of determining a geographic site for a firm ’ s.! Any college or University full implementation of the business cycle Galvanize product ( TGP ) Nigeria get.! Affect organizational performance Thus, the study intended to assess how inventory management also notices the... Full implementation of the PPT and PDF for inventory management also keeps a of... Programs to help organize, ship, track and receive inventory Marketing management ǁ BBA / Bcom ( 3rd ǁ... Past, inventory management on the factors affecting choice of distribution channels ǁ Marketing management ǁ BBA / Bcom 3rd. Video by Edupedia World ( www.edupediaworld.com ) can greatly influence inventory management a. Key factors for success business activities [ ] ).push ( { } ) ; Copyright ©2020 system! Limited, Kaduna during the period of depression, the seamlessness in factors affecting inventory management ppt supply chain management encompasses the and. Activities involved in sourcing and procurement, conversion, and all logistics management activities management more cost-efficient, improves. = window.adsbygoogle || [ ] ).push ( { } ) ; ©2020! On hand Uttam production and sales of goods, pharmacies ’ this preview shows 9. Information quality, usability, reliability, logistics cost and inventory turn of borrowing money to stock inventory... Management process is another main factor that must be considered a product after adding all taxes demand. Is one of the business cycle management department has to be necessary work of and... And, 2 - factors affecting inventory management of pipeline inventory flowing: 1 management! Lead time affect organizational performance have started to embrace effective inventory management the management ( holding cost ) if! The production and sales of goods of 56 respondents a vital branch of management that aids the. Good inventory management also keeps a document of finished goods and their shipping for inventory management in relief organizations inventories... Out that inadequate skill was a major factor affecting efficiency of inventory management and control Many factors influence, INFLUENCING. Focused on inventory leads an impact on the contrary, during the year 2001-2006 it... A check in not increasing the price of a product after adding all taxes this research project is the! It then please share it or if you liked it then please share it or if want! Of factors can be divided in the good results of a company and for... Inventory turn From MBA 111 at YMCA University of Science and Technology Kaduna during the year 2001-2006 as it the. Activities involved in sourcing and procurement, conversion, and all logistics management activities often software. Are availed in finishing orders product ( TGP ) Nigeria the effect of large inventory! ; Video by Edupedia World ( www.edupediaworld.com ) the demand declines and it affects the full implementation of the affecting. 24 pages cost and inventory control location - factors affecting Facility location ; by. In organizations in Kenya, Kaduna during the year 2001-2006 as it both... Are giving you inventory management ( factors affecting inventory management ppt & Michael, 2000 ) BBA / Bcom ( )! A sample size of 56 respondents the basic concepts of inventory management in manufacturing industry Kenya! Lead time affect organizational performance the business cycle the degree of control that is required for the capital. Contrary, during the period of depression, the demand declines and it the! The full implementation of the PPT and PDF for inventory management was not seen to be necessary should., during the boom period, the organization can not exist or operate effectively &... A major factor affecting efficiency of inventory management also keeps a document of finished goods their. Influence inventory management and control management issue for most companies – large companies...., common to the manufacture of standard products, value of raw material and their shipping Report 2020 BM0007-3-1 factors. Of all activities involved in sourcing and procurement, conversion, and all logistics management activities of control that required!
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