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INVENTORY FLOW TILL PRODUCTION CAPACITY

Daniela Magdalena Dinu
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Daniela Magdalena Dinu: Bucharest University of Economic Studies

Management & Marketing, 2013, vol. 8, issue Special-Issue, 163-168

Abstract: An efficient management of inventories means proper planning and usage of the control methods as Just in Time(JIT), Material requirements planning(MRP), Vendor Management Inventory(VMI) or Distribution resource planning(DRP). Are presented and analyzed in their interdependence, issues such as: delivery time, payment term, payment methods, payment instruments, delivery time, risk assuming in terms of delivery terms agreed and accepted, transport administration, minimum quantity delivered, stock buffer, planned quantities to be supplied according to the production and sales plan, monthly average consumption, product category ("jumper" or not), the free market price, availability of one article on market, the importance of Bulletin analysis and Declaration of conformity , migration tests for packaging that come into direct contact with the product, management methods used, system management, storage capacity, mandatory and optional commercial documents, the frequency of inventory management, ambient or temperature controlled, humidity records, storage capacity, Quality standards followed, internal audit and external audit, physical and qualitative reception, issuance and tracking complaints, labelling, items identifying, samples management, expired items administration ,losses recording, key performance indicators and many other aspects referring to inventory flow till production capacity of food company.

Keywords: stocks coverage; minimum and maximum boundary; manufacturing cycle; shelf life. (search for similar items in EconPapers)
Date: 2013
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