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INVENTORIES

JOHN A. CARVAJAL LONDOO

SENA
TOURISM TRAINING CENTER SEAFARERS AND SERVICES
LOGISTICS MANAGEMENT TECHNOLOGIST
SAN ANDRES - ISLANDS
2015

INVENTORIES

PRESENTED TO:
EDNA MILENA BENT CASTRO

ENGLISH TUTORA

PRESENTED BY:
JOHN A. CARVAJAL LONDOO
APRENDIZ

SENA
TOURISM TRAINING CENTER SEAFARERS AND SERVICES
LOGISTICS MANAGEMENT TECHNOLOGIST
SAN ANDRES - ISLANDS
2015

Customer satisfaction is a proportional response to the perceived quality.


Inventory Policy must be designed on optimal viable in order to minimize the
magnitude logistics costs: purchasing, with the smart money resource
management, storage and preservation of goods, simplifying operations and
reducing the time of operation.

To set the correct inventory policy must take into account:

The processes involved in the production or service.

The interaction between processes.

The criteria and methods required for control.

The methods of monitoring, measurement and analysis

Inventory control is defined as:

The different levels of profitability / utility.

The different patterns of demand and capacity

Good management or administration of an inventory system consists not only in


having the product at the time and place required thereby offering the highest
level of customer service, but also to achieve a balance between supply costs,
storage and exhausted. Thus, in order to minimize the sum of the costs related
to the acquisition, keeping and order processing must be balanced with the cost
incurred by the occurrence of exhausted.

To obtain the desired in the medium and long term results, it is necessary to
integrate the above analysis of the variability as input parameters are variables
(demand and delivery time) and change over time.

THE INVENTORY SYSTEM

They help control overall inventory costs; these approaches can successfully
reduce the total cost of buying storage, inventory carrying and running out of it.
One of the biggest problems that arise for managers is to determine the optimal
level of inventories.
Should not be made so small inventories, since there can be problems when
demand for some good runs.
If these require very high costs orders are made; as storage; covering
maintenance costs of inventory, rent, interest and taxes.
In a normal situation inventory levels vary over time.
When a company receives a shipment orders or inventory is at the highest
point, sales are depleting the inventory down to a zero level.
Ordering costs decrease with larger orders as lower freight paid.
Overall what it claims the inventory system is to help the decision maker find the
optimal level when ordering or store inventories.

INVENTORY MANAGEMENT

The most common are the inventories of raw materials, goods in process and
finished products.

The inventory management depends on the type or nature of the company, is


not the same management in a service company in a manufacturing company.
It also depends on the type of process used: continuous production, specific
orders and assemblies or assemblies.
In continuous production processes raw materials are purchased in advance
and the finished product remains in inventory soon.
Specific processes orders in the raw material is purchased after receiving the
order or the order and product delivery finished almost immediately after
production method finished .The assembly process requires, in general, more
product inventories in process continuous systems but less than the processes
orders.

INVENTORY COSTS

The goal of inventory management is to provide the inventory required to


maintain operations at the lowest cost possible.
Total inventory costs:
A. Maintenance Costs
It includes storage costs and capital depreciation (shrinkage and misuses).
To determine this we must first calculate the percent annual cost for
maintenance

For its calculation must take into account the following:


Average inventory = A = units per order / 2 = (S / N) / 2
S = units will buy all year
N = the number of purchases made
P = purchase price
C = percentage annual cost for maintaining inventory.
Financing costs (average cost of capital * investment in inventory), storage,
insurance, loss. C To calculate all costs as they are taken. These are added and
divided by the average inventory investment (A * P).

According to analysis from the historical record from inventory records from
2010 onwards we can establish that the monthly inventories have a stable trend
line, and annually rising trend line is presented.

ANNUAL TREND
58,000,000
56,000,000
54,000,000
52,000,000
50,000,000
48,000,000
46,000,000
2009

2010

2011

2012

2013

2014

2015

2016

Besides this we can see that every year the months of May, September and
December a considerable increase in inventory is presented in comparison with
the other months, it is because in May the month of mothers is celebrated,
reason why there is more demand to give to mothers, in September, the month
of love and friendship celebrated last December and the month in which most
people want brand for holiday festivities and others. That is why in these
months it is necessary to significantly increase the stock in order to fully meet
the demand from our customers and do not get a time that shortages of certain
products go unmet needs of our customers.
JANUARY EACH YEAR, TREND LINE
4,150,000
4,100,000
4,050,000

f(x) = 57142.86x - 111033333.33

4,000,000
3,950,000
3,900,000
3,850,000
3,800,000
3,750,000
3,700,000
3,650,000
2009

2010

2011

2012

2013

2014

2015

2016

At the other extreme are the months of July and August in which year after year
steady trend and it shows no growth because the level of trade are always the
most difficult months for sales, which is why the inventory driving is reduced.

LOGARITHM IC TREND LINE, AUGUST EVERY YEAR

2,500,000
2,400,000
2,300,000

f(x) = 129374932.03 ln(x) - 981947269.45

2,200,000
2,100,000
2,000,000
1,900,000
1,800,000
2009

2010

2011

2012

2013

2014

2015

2016

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