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Summary: Approaches to Forecasting : A Tutorial

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Jan 28, 2011

PERPETUAL SYSTEM: Inventory Management Models : A Tutorial

PERPETUAL SYSTEM p. The two classic systems for managing independent demand inventory are periodic review and perpetual review systems. This section focuses on the Perpetual System. What is a Perpetual…

Jan 28, 2011

ECONOMIC ORDER QUANTITY (EOQ) MODEL: Inventory Management Models : A Tutorial

ECONOMIC ORDER QUANTITY (EOQ) MODEL The economic order quantity (EOQ) is the order quantity that minimizes total holding and ordering costs for the year. Even if all the assumptions don’t…

Jan 28, 2011

FUNCTIONS AND DRIVERS OF INVENTORY: Inventory Management Models : A Tutorial

FUNCTIONS AND DRIVERS OF INVENTORY Inventory serves a useful purpose in the supply chain. That said, firms can help minimize the need for inventory by carefully managing those factors that…

Jan 28, 2011

Understanding Legistlation Related to Procurement: Procurement : A Tutorial

Understanding Legistlation Related to Procurement p. ContractsLaws of AgencyPersonal LiabilityInternational Laws Affecting Global PurchasingContracts vs AgreementsBetsy and Mimi’s Contrac – An EXAMPLE Contracts Contract “A promise or a set of…

Jan 28, 2011

PERIODIC REVIEW SYSTEM: Inventory Management Models : A Tutorial

PERIODIC REVIEW SYSTEM The two classic systems for managing independent demand inventory are periodic review and perpetual review systems. This section focuses on the Periodic Review System. What is a…

Jan 28, 2011

The New Purchasing and Supply Management Workplace: Procurement : A Tutorial

The New Purchasing and Supply Management Workplace Social and Workplace Changes Sourcing Organizational Structures Key Sourcing Organizational Features Integrating the Supply Chain Procurement’s Changing Role Separating Purchasing Authority Sourcing’s New…

Jan 28, 2011

The Procurement Process – e-Procurement: Procurement : A Tutorial

The Procurement Process – e-Procurement e-Procurement What is Solicitation? What are Online Reverse Auctions? Benefits of e-Procurement e-Procurement e-Procurement is the term used to describe the automation through web-enabled tools…

Jan 28, 2011

INDEPENDENT VS DEPENDENT DEMAND INVENTORY SYSTEMS – An EXAMPLE: Inventory Management Models : A Tutorial

An Example of Independent vs Dependent Demand Inventory Systems Inventory items can be divided into two main types: Independent demand and dependent demand items. The systems for managing these two…

Jan 27, 2011

The Procurement Process – Implementing the Plan: Procurement : A Tutorial

The Procurement Process – Implementing the Plan p. Bidding or Negotiation?Purchase ApprovalBlanket Purchase OrdersUpdate Supplier ScorecardContinuous Improvement Bidding or Negotiation? Purchaser sends a request for quotation (RFQ). Bids are evaluated…

Jan 26, 2011

Summary: Approaches to Forecasting : A Tutorial

Summary Forecasting is a critical part of CPFR. Fortunately, there are a number of well-developed tools and strategies for developing forecasts. Avoid forecasting values when you can calculate them. For…