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Definition of Inventory
A term used to describe
all the goods and materials held by an organization for sale or use
a list of items held in stock
Source
Institute of Logistics and Transport
Lysons & Farrington, Purchasing and Supply Chain Management, 7th edition, Pearson Education Limited 2005
Slide 10.2
Lysons & Farrington, Purchasing and Supply Chain Management, 7th edition, Pearson Education Limited 2005
Slide 10.3
Lysons & Farrington, Purchasing and Supply Chain Management, 7th edition, Pearson Education Limited 2005
Slide 10.4
Range
Line of sight
Bulk read
RFID advantages
Selectivity
Read/write
Durability
Lysons & Farrington, Purchasing and Supply Chain Management, 7th edition, Pearson Education Limited 2005
Slide 10.5
Slide 10.6
Lysons & Farrington, Purchasing and Supply Chain Management, 7th edition, Pearson Education Limited 2005
Slide 10.7
Push
Systems
Elements of
Both Push
and Pull
Systems
Pull Systems
Pre-determined
re-order levels
Periodic review
systems
JIT systems
Lysons & Farrington, Purchasing and Supply Chain Management, 7th edition, Pearson Education Limited 2005
Slide 10.8
Inventory is an asset.
Lysons & Farrington, Purchasing and Supply Chain Management, 7th edition, Pearson Education Limited 2005