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inventory management thesis pdf

Foundations of Inventory Management

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  • Marcel Sieke 2  

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In today’s business world, inventories play an important role. Inventories are used to hedge against shortages in raw materials, allow a smooth production flow within a production line, or ensure the timely delivery of products to the end customer. But inventories also constitute a liability for a single company and the economy as a whole: Inventories are costly since they represent bounded capital that has to be managed continuously.

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Sieke, M. (2008). Foundations of Inventory Management. In: Supply Chain Contract Management. Edition KWV. Springer Gabler, Wiesbaden. https://doi.org/10.1007/978-3-658-24382-1_2

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Published : 21 March 2019

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    Abstract Title: Inventory management: a high-level analysis of selected process elements, and factors impacting plan performance - A case study at Alfa Laval Purpose: The purpose of this thesis is to increase the effectiveness of the case company, Alfa Laval's, inventory management by finding challenges, opportunities, and gaps within their current inventory management practices.

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    Master Thesis in International Logistics and Supply Chain Management Title: Improving Inventory Management in Small Business: A Case Study ... Inventory management is a critical management issue for most companies - large companies, medium-sized companies, and small companies. Logistics is all about managing inventory, whether the inventory ...

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    study of the existing inventory management strategy employed by the case company. First, a comprehensive understanding of the case company's inventory management is developed through a current state analysis, and the factors causing inefficient inventory management are identified. Then, methods for optimising inventory management are recommended to

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  8. PDF Forecast-Driven Inventory Management for the Fast-Moving Consumer Goods

    the thesis aims to contribute to the existing body of knowledge and provide a practical framework for implementing data-driven inventory management strategies in real-world settings. 1.2. Thesis objectives The primary objective of this thesis is to investigate the potential of leveraging

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    system) is an idealised concept of inventory management in which a supply is delivered just- in -time, whatever material is required, wherever it is required, whenever a maxim um supply is needed ...

  10. PDF Foundations of Inventory Management

    inventory, and common cost components that are associated with inven-tories. In Section 2.2 we then present some popular approaches for the management of inventories in a stochastic demand setting. Clearly, it is neither possible nor reasonable to summarize all literature and concepts related to inventory management in this thesis. Therefore ...

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    Figure 25. Purchases, demand and inventory level of item 2 in 2015 Figure 26. Purchases, demand and inventory level of item 3 in 2015 Figure 27. Purchases, demand and inventory level of item 4 in 2015 Figure 28. Item 1 numbers used for calculating ROP, SS and EOQ. Figure 29. Potential improvement in inventory level for item 1 compared to 2015 ...

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    understanding and strategy about inventory management. Inventory management has significance for an enterprise in an inventory intensive manufacturing industry (Rajeev, 2008). In this research, the researcher aimed to know the relationship between inventory management and organizational performance of manufacturing company in Melaka.

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    2.7 Role of Inventory in Overall Profit Planning of the organization. 27 2.7.1. Co-ordination between Sales, Production and Inventory 28 2.8. Responsibility of Production Manager 28 2.9. Method of Inventory Computation 29 2.10. Determinants of Inventory Policies 31 2.11. Procedures of Inventory Management 32 2.11.1. Purchasing 32 2.11.2.

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    2.1. Theoretical review. According to Stevenson (Citation 2010), Inventory Management is defined as a framework employed in firms in controlling its interest in inventory.It includes the recording and observing of stock level, estimating future request, and settling on when and how to arrange (Adeyemi & Salami, 2010).

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  18. (PDF) Assessing the Inventory Management Practices, A Case of

    Assessing the Inventory Management Practices, A Case of Manufacturing Firms in Hawassa City, Ethiopia. August 2020 International Journal of Current Research 12(2):10388-10395

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    A Thesis Submitted By: Gyanendra Lal Karna T.U. Regd. No: - 7- 1- 25 - 105 - 97 Campus Roll No. 344 /062 Exam Roll No. 1768/064 Nepal Commerce Campus Submitted To: Office of the Dean ... Inventory management has great significance in almost all types of business enterprises. Inventory constitutes the most significance

  21. (PDF) INTRODUCTION TO INVENTORY MANAGEMENT

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    Inventory Management System Thesis. Course. BSIT (UGRD-ITE6101) 735 Documents. Students shared 735 documents in this course. University AMA Computer Learning Center. Academic year: 2019/2020. ... The study titled Theory of the Inventory Management founded by (Daněk and Plevný 2005), the main objective of the inventory management is to stay ...

  23. (Pdf) the Impact of Inventory Management on Financial Performance

    The financial performance of inventory. management is impacted by 36.4 percent, as indicated by the R square value of 0.364. This. study recommended that XYZ Pack aging (Cambodia) Co., Ltd should ...