System inventory management
model management systems or inventory when divided by restrictions in order to be able to order repeat or not, in case the demand is more than the amount of the bid came in first. So there is not enough or not enough product to sell it. Can be divided into two systems, namely 1. Multi Period Inventory Model is a system that can order additional inventory. If the order came too little and not enough to sell a product. In contrast, if the order came too have to be sold so it can be stored without damage or no restriction on duration of use or sell it. Inventory management system is available with most products, like stationery, office supplies, soap, shampoo, toothpaste, canned food, clothing, auto parts, etc. 2. Single Period Inventory Model is a system that can inventory only once. If the order is less than the demand of customers, it can not be any more. (Or coming up behind customer demand) spoil the chances of selling the contrary, if an order came over demand until used or sold out remaining stock, it will be a damage or cost of. order too much inventory such as expired products. Alzheimer's popularity will values, etc. Inventory management is often used on goods that have time constraints as the product itself last for a brief period or the needs of customers for a short period or a season, for example . Daily snacks or fresh short shelf life (Short Shelflife) when purchased in the morning, if sold out, it usually can not be kept for the next day was to be sold at a discount price. Or sold for scrap Or may even be left dormant * Products that are fashionable. Or souvenirs sold only in season for a short time as a gift during the World Cup, Olympic sports, log chalk or paint spray gun T-shirt sales during Songkran. Sold the Loy, etc. If the order is not enough and want to add to the festive period that is often ordered before the lead time (Lead Time) in order during that time because of the demand in that period. over time you will get its festival then. Or at the end of the season, there was always its remaining unsold due to the short life cycle of the product (Short Product Life Cycle) makes often have discount sales at the end of the season * in business services such as hotel room. A seat on the plane Seats in theater The stock has a number of rooms or seats fixed and limited each day or each round. If there are too few customers to the services it offers or the seat can not be used in the next day. In contrast, if a customer to use the service, too, there would be no room seats or enough to serve and have a chance to sell to passive (historical volatility) * Industry-Order (Make to Order). The customer order number is not fit to lack or excess of such customers to order one container. If suppliers to produce more than one container, you will not be able to deliver to customers because of the full cabinet to keep its own left. But if production is less than one container, it makes the transport box because its not a full cabinet. And customers may be adjusted in the process of supplier quality issues, making the percentage of waste in the production uncertainty. If the supplier or manufacturer of the material below the percentage of waste in the actual production was not enough to make a product delivered to the customer. May be revised or canceled orders. In contrast, the raw material suppliers or manufacturers to produce more than the percentage of waste that will result in a reduced inventory costs because they can not be sold to other customers of the above limitations. The factors within the product itself (Internal Factor) as a feature of its short-lived. And external factors (External Factor) as a seasonal market conditions and customer needs are changing rapidly. Make the desired product management Single Period Inventory Model and unwieldy than the desired product management Multi Period Inventory Model is because when you buy this type of error will be no second chance. Order or model resold. Cause more damage than order a Multi Period Inventory Model when the crash can be ordered or store goods for reselling. So the products you need to manage a Single Period Inventory Model requires management efficiency to minimize the damage and the costs of managing lowest This article discusses the amount of orders the best inventory. To manage a Single Period Inventory Model explains the example easier to understand two ways: 1. Single Period Inventory Model Basic 2. Single Period Inventory Model event that damaged one. Single Period Inventory Model basic sample inventory management needs a Single Period Inventory Model and near the most noticeable one is a daily example of booksellers found. From the information coming through the store can sell daily newspapers make a median (Mean or) 90 per day (only used it), with a standard deviation (Standard Deviation or Submit) 10 No. of sales data above. If we assume that newspaper sales are normally distributed (Normal Distribution) if this shop ordered 90 copies of the newspaper's daily average fit. On that day, the store will also have a chance of 50% that ordered the newspaper to exceed the needs of customers. (Or above average), the newspaper sold out. And a half or 50% of the newspaper came to order at least to our customers. (Or less than average) makes the newspapers do not sell enough. If the restaurant wants to increase the opportunities for newspapers to be enough to meet the needs of customers 80% or targeted Service Level 80% (or.
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