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【正文】 asting demand for materials and ponents ? Development of inventory monitoring ? Supply planning and control mechanisms ? Also dealing with physical inventory handling locations and facilities 3/29/2023 9 Copyright: International Trade Centre Module 11 —— Managing Inventory Why is it important ? Inventory Management will have some very important effects on: ? Customer service level ? Smooth production ? Cost profit ? Cash flow ? And so on ……… So inventory management is very important in a pany! 3/29/2023 10 Copyright: International Trade Centre Module 11 —— Managing Inventory Recall and Summary ? What is inventory? ? Why keep inventory? ? What is inventory Management? ? Why is it important? ? What does inventory Management include? 3/29/2023 11 Copyright: International Trade Centre Module 11 —— Managing Inventory Now that inventory management is very important to a pany, then How to do it well? I think, the following units will tell us some good answers. Let’ s go on to Unit 2! 3/29/2023 12 Copyright: International Trade Centre Module 11 —— Managing Inventory Unit 2 Warehouse and Inventory Operations ? Mentoring movements ? Measuring evaluating inventory ? Receipt issue of inventory ? Systems to replenish inventory ? How much to order 3/29/2023 13 Copyright: International Trade Centre Module 11 —— Managing Inventory Mentoring movements ? For each location where materials are held, stock record balances need to accurately reflect what is physically in inventory. ? In addition, inventory balances held in the accounting records need to be capable of being reconciled with physical stock counts undertaken during audit and periodic stocktaking activities. ? So mentoring movements is necessary to keep the inventory balances to be correct. 3/29/2023 14 Copyright: International Trade Centre Module 11 —— Managing Inv
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