Submitted To- Prof.

Sachin
Sharma
Submitted By – Anu
Class – MBA 4TH Sem
Roll No. - 1705
It refers to the process of ordering, storing, and
using a company's inventory. These include the
management of raw materials, components, and
finished products as well as warehousing and
processing such items.
For companies with complex supply chains and
manufacturing processes, balancing the risks of
inventory gluts and shortages is especially
difficult. To achieve these balances, firms have
developed two major methods for inventory
management: just-in-time and materials
requirement planning: just-in-time (JIT) and
materials requirement planning (MRP).
 Inventory refers to those goods which are
held for eventual sale by the business
enterprise.
The forms of inventories existing in a
manufacturing enterprise can be classified
into three categories:
 Raw Material
 Work in Progress
 Finished Goods
MANUFACTURING CONSTRAINTS
Ordering Cost
Carrying Cost
Stock Out And
Shortage Cost
Synchronous manufacturing refers to the
entire manufacturing process working
together in harmony to achieve the goals of
the firm. This logic attempts to coordinate
all resources so that they work together and
are in harmony or are “synchronized”.
Lean manufacturing involves never ending
efforts to eliminate or reduce 'muda' (Japanese
for waste or any activity that consumes
resources without adding value) in design,
manufacturing, distribution, and customer
service processes. Developed by the Toyota
executive Taiichi Ohno (1912-90) during post-
Second World War reconstruction period in
Japan, and popularized by James P. Womack and
Daniel T. Jones in their 1996 book 'Lean
Thinking.' Also called lean production.
Cellular Manufacturing
Just in Time
Kaizen
Kanban
Poka-Yoke
Just-in-time (JIT)
manufacturing, also known as
just-in-time production or
the Toyota Production System
(TPS), is a methodology aimed
primarily at reducing times
within production system as
well as response times from
suppliers and to customers. Its
origin and development was in
Japan, largely in the 1960s
and 1970s and particularly at
Toyota.
 LessSpace Needed
 Help To Take Decision Quickly
 Waste Reduction
 Smaller Investment
 Low Maintainance Cost
 Time Saving
The process of determining the optimal
quantity and timing of inventory for the
purpose of aligning it with sales and
production capacity. Inventory planning has
a direct impact a company's cash flow and
profit margins especially for smaller
businesses that rely upon a quick turnover of
goods or materials.
 Customer Satisfaction
 Forecasting Needs
 Controlling Cost
 Successful Storage
 Minimize Production
 Efficiently use of Resources
 To meet anticipated customer demand
 To smooth production requirement
 To decouple operation
 To permit operation
 To hedge against price increases
 To protect against stockout
 To take advantage of stock cycle
 Time saving
 Minimization of Risk
 Cost Reducing
 Enhance Customer Satisfaction
 Minimize Wastage
 Effective Budget Planning
 Effective Stock Rotation
THANK YOU