Inventory Management

Get Started. It's Free
or sign up with your email address
Rocket clouds
Inventory Management by Mind Map: Inventory Management

1. Operations and Productivity

1.1. Mission and Strategy

1.1.1. The Strategic Making Pyramid

1.1.2. Alignment of Strategies

1.1.3. Strategies for Competitive Advantage

1.1.3.1. Differentiation

1.1.3.2. Cost Leadership

1.1.3.3. Response

1.2. Supply Chain

1.3. Ten Strategic Decisions

1.3.1. Design of goods and services

1.3.2. Managing quality

1.3.3. Process and capacity strategy

1.3.4. Location strategy

1.3.5. Layout strategy

1.3.6. Human resources and job design

1.3.7. Supply-chain management

1.3.8. Inventory management

1.3.9. Scheduling

1.3.10. Maintenance

1.4. Productivity

1.4.1. Measurement problems

1.4.1.1. Quality

1.4.1.2. External elements

1.4.1.3. Precise units of measure

1.4.2. Productivity variables

1.4.2.1. Labor

1.4.2.2. Capital

1.4.2.3. Management

1.5. Current challenges in OM

1.5.1. Globalization

1.5.2. Supply-chain partnering

1.5.3. Sustainability

1.5.4. Rapid product development

1.5.5. Mass customization

1.5.6. Lean operations

2. Forecasting

2.1. Forecasting Time Horizons

2.1.1. Short-range forecast

2.1.2. Medium-range forecast

2.1.3. Long-range forecast

2.2. Product Life Cycle

2.2.1. Introduction

2.2.2. Growth

2.2.3. Maturity

2.2.4. Decline

2.3. Types of Forecasts

2.3.1. Economic forecasts

2.3.2. Technological forecasts

2.3.3. Demand forecasts

2.4. Seven Steps in Forecasting

2.4.1. 1. Determine the use of the forecast

2.4.2. 2. Select the items to be forecasted

2.4.3. 3. Determine the time horizon of the forecast

2.4.4. 4. Select the forecasting model(s)

2.4.5. 5. Gather the data needed to make the forecast

2.4.6. 6. Make the forecast

2.4.7. 7. Validate and implement the results

2.5. Forecasting Approaches

2.5.1. Qualitative

2.5.1.1. Jury of executive opinion

2.5.1.2. Delphi method

2.5.1.3. Sales force composite

2.5.1.4. Market survey

2.5.2. Quantitative

2.5.2.1. Time-series models

2.5.2.1.1. Naive approach

2.5.2.1.2. Moving averages

2.5.2.1.3. Exponential smoothing

2.5.2.1.4. Trend projection

2.5.2.2. Associative model

2.5.2.2.1. Linear regression

3. Design

3.1. Alignment of Strategies

3.1.1. Business Strategy

3.1.2. Organizational Strategy

3.1.3. Production & SCM Strategy

3.2. Ten Strategic Decisions

3.3. Product Strategy Options

3.3.1. Differentiation

3.3.2. Low cost

3.3.3. Rapid response

3.4. Product Life cycle

3.5. Quality Function Deployment

3.5.1. 1. Identify customer wants

3.5.2. 2. Identify how the good/service will satisfy customer wants

3.5.3. 3. Relate customer wants to product hows

3.5.4. 4. Identify relationships between the firm's hows

3.5.5. 5. Develop our importance ratings

3.5.6. 6. Evaluate competing products

3.5.7. 7. Compare performance to desirable technical attributes

3.6. QFD House of Quality

3.7. Organizing for Product Development

3.7.1. Traditionally - distinct departments

3.7.2. A Champion

3.7.3. Team approach

3.7.3.1. Cross functional

3.7.3.2. Product development

3.7.4. Japanese "whole organization" approach

3.7.5. Concurrent engineering

3.8. Issues for Product Design

3.8.1. Robust design

3.8.2. Modular desing

3.8.3. Computer-aided design (CAD)

3.8.4. Computer-aided manufacturing (CAM)

3.8.5. Virtual reality technology

3.8.6. Value analysis

3.8.7. Sustainability and Life Cycle Assessment (LCA)

3.9. Product Development Continuum

3.9.1. External Development Strategies

3.9.1.1. By acquiring the developer

3.9.1.2. Joint ventures

3.9.1.3. Alliances

3.9.2. Internal Development Strategies

3.9.2.1. Migrations of existing products

3.9.2.2. Enhancements to existing products

3.9.2.3. New internally developed products

3.10. Decision Tree Example

4. Aggregate Planning and S&OP

4.1. Aggregate Planning

4.1.1. Disaggregation

4.2. Capacity Options

4.2.1. Changing inventory

4.2.2. Varying workforce size by hiring or layoffs

4.2.3. Varying production rates through overtime or idle time

4.2.4. Subcontracting

4.2.5. Using part-time workers

4.3. Demand Options

4.3.1. Influencing demand

4.3.2. Backordering during high-demand

4.3.3. Counterseasonal product and service mixing

4.4. Making Revenue Management Work

4.4.1. Multiple pricing structures

4.4.2. Forecasts of the use and duration of use

4.4.3. Managing changes in demand