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  • Inventory - Service Industry

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    Manivel Karuppasamy
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    Tory Inven y Industr Service The Need Input materials output production No performance delay Form In a service industry the form of the input materials and output do not have much of a difference. Cannot be stored and has to be consumed immediately. E.g. Retailers, Banks Classification Perishability Very short - organs, tickets short - fruits Medium - drugs, medicines Long - postage stamps Lumpiness Smooth Minor Moderate Major Service Inventory control system.

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    Tory Inven y Industr Service The Need Input materials output production No performance delay Form In a service industry the form of the input materials and output do not have much of a difference. Cannot be stored and has to be consumed immediately. E.g. Retailers, Banks Classification Perishability Very short - organs, tickets short - fruits Medium - drugs, medicines Long - postage stamps Lumpiness Smooth Minor Moderate Major Service Inventory control system.

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    Download as PPTX, PDF, TXT or read online from Scribd
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    23 views11 pages

    Inventory - Service Industry

    Uploaded by

    Manivel Karuppasamy
    Tory Inven y Industr Service The Need Input materials output production No performance delay Form In a service industry the form of the input materials and output do not have much of a difference. Cannot be stored and has to be consumed immediately. E.g. Retailers, Banks Classification Perishability Very short - organs, tickets short - fruits Medium - drugs, medicines Long - postage stamps Lumpiness Smooth Minor Moderate Major Service Inventory control system.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 11

    By

    Manivel K (56)
    Michael Valdez George (60)

    t or y
    Inven
    In du stry
    Service
    The Need
    Input materials

    Output production

    No performance delay
    Form
    In a service industry the form of the input
    materials and output do not have much of a
    difference.

    Cannot be stored and has to be consumed


    immediately.

    E.g. Retailers, Banks


    Classification
    Perishability

    Very short – organs, tickets


    Short - fruits
    Medium – drugs, medicines
    Long – postage stamps

    Lumpiness

    Smooth
    Minor
    Moderate
    Major
    Service Inventory control
    system
    ABC analysis

    Fixed – Quantity Systems

    Fixed - Period Systems

    EOQ Model

    Perishable Goods Model
    Model of ordering

    E.g. football brochures


     selling price - $3
     order price - $1

    Different combinations of demand and order


    Conditional Profit for Different Combinations of Demand and Order Quantity
    Demand Probability 2000 2100 2200 2300
    2000 0.10 $4000 $3900 $3800 $3700
    2100 0.30 $4000 $4200 $4100 $4000
    2200 0.40 $4000 $4200 $4400 $4300
    2300 0.20 $4000 $4200 $4400 $4600

    Expected Values for Ordering Different Quanitites


    Demand 2000 2100 2200 2300
    2000 $400 $390 $380 $370
    2100 $1200 $1260 $1230 $1200
    2200 $1600 $1680 $1760 $1720
    2300 $800 $840 $880 $920
    Expected $4000 $4170 $4225 $4210
    Profit
    MRP I MRP
    II
    MRP I (Mat erials Requirem ent Planning)
    MRP II (Manufact uring Resourcing Planning)
    Dependent dem and
    End it em
    Com ponent it em s
    Bill of m at erial
    Bill of labour

    MRP-II in Service Context
    Uncertainty and MRP-II

    Indefinite lead time and uncertain BOM


    Uncertain parent service

    Solution

    Common & Optional services

    Applications of MRP-II

    To enhance efficiency and accountability


    Thank You for listening to us!

    For further reading:


    Service Management and Operations


    Second Edition
    Cengiz Haksever, Barry Render, Roberta S.
    Russell


    Robert G. Murdick

    Chapter 19

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