PowerPoint Presentation

Inventory Management & Control

INTRO:

Dont have too much and Dont have too little

Crucial in the Profitability of a Business

Simple Concept but Complex Process

Time Consuming Task without Right Technology

Why ?

Seasonal Increase in Demand.

Stocking when consumer demand becomes uneconomical.

Unpredictable Events.

To take advantage of quantity discount.

To protect against stock-outs and inflation.

The Company - WALMART (Largest Private Employer)

American Multinational Retail Corporation

11593 Stores & Clubs in 28 Countries

Worlds Largest by Revenue acc. to Fortune Global 500

Steps involved in the process:

1. Inventory Planning:

The very first step requires Inventory Planning.

Depends upon the amount of cash(or credit) available to invest in inventories.

The number of units that qualify for a quantity discount.

The amount of time spend in shipment.

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2. Establish Order Cycles:

(Vendor Managed Inventory Control)

3. Balance Inventory Levels:

SUPPLIER TRUCKWAREHOUSEWALMART TRUCKS

Just-In-Time Cross-Docking

4. Review Stocks:

Obsolete Inventory are simply Dead Capital

Keeping inventory up to date is another critical aspect of good inventory control

Keeping an inventory fresh and up to date requires constant attention by an organization (large/small)

5. Follow-Up & Control:

Inventory turnover

Stock-out rate

Inventory size

Plus-Points:

Akshayjeet Singh