Chapter 15: Inventory Management - SAGE Publications Inc



Chapter OutlineChapter 15: Inventory ManagementSee pages 532-557.Operations Profile: Best Buy Moves Inventory Control to Its 1,000 WarehousesTypes of InventoryInventory CostsPurchase Costs and Ordering CostsSetup CostsHolding, or Carrying, CostsStock-out CostsOperation Management: Lessons Learned: How Poor Inventory Management Can Lead to Charges of FraudInventory Considerations for Supply ChainsMeeting Expected Normal DemandProtecting Against ShortagesReceiving Quantity DiscountsGuarding Against Future Price IncreasesMeeting Sales Increases Caused by Seasonal Demand and Sales PromotionsReducing Transportation Costs and Transit TimesSmoothing Out Production FluctuationsFacilitate Decoupling of ProcessesInventory Management MeasuresBackorders and Lost SalesInventory TurnoverDays of Inventory in StockOrder Fulfillment Lead TimeFill RateInventory Accuracy RateOperations Management: Lessons Learned: How Pennsylvania’s State Liquor Store System Continues to Mismanage InventoryKey Features of Effective Inventory Management SystemsDemand Forecasts, Lead Times, and Inventory-Related Cost InformationInventory Classification: The ABC MethodInventory Control SystemsConsider This: IKEA’s Successful Inventory Management TechniquesUncertainty in Supply Chain Inventories: TheBullwhip EffectCauses of the Bullwhip EffectStrategies for Mitigating the Bullwhip EffectEthical and Sustainability IssuesGlobal Inventory ManagementService Sector Inventory ManagementChapter SummaryKey TermsDiscussion and Review QuestionsSolved ProblemProblemsCase Study 15.1: Inventory Pressures Cause Tuesday Morning to Abandon e-CommerceCase Study 15.2: Inventory Management in the Age of the Online ShopperVideo CaseCritical Thinking ExercisesLittlefield Laboratories ................
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