o Information delivery provides the data warehouse information to data warehouse users. o Data flow starts from data warehouse and data marts if top-down approach is followed by architecture. Data flow starts from set of conformed data mart if bottom-up approach is followed by architecture. o Management and control component manages and controls data acquisition, data storage and information delivery area. o The types of architecture varies in the data integration and storing process and the way data warehouse and data marts are related.
Indeed, there has been occasions to distinguish logistics from supply chain management, to make logistics be a subset of supply chain management (Ballou, 2006). This is in line with the unionist view which seeks to show that Logistics is a subset of Supply Chain Management differing from the views of traditionalist, intersectionist and re-labelling proponents. Thus in the description and mapping of the selected company; H&M the unionist view will be held throughout. The Council of Supply Chain Management Professionals (CSCMP; www.cscmp.org) defines logistics management as “that part of the supply chain management that plans, implements and controls the efficient, effective forward and reverse flow and storage of goods, services, and related
Aim To illustrate the various techniques of inventory management Instructional Objectives After completing this chapter, you should be able to: • Illustrate the various inventory classification techniques such as ABC, VED and FSN analysis • Explain the various inventory control techniques of spares and slow moving items such as EOQ and EBQ Learning Outcomes At the end of this chapter, you are expected to: • Classify the inventory goods using various classification techniques such as ABC, VED and FSN analysis • Compute EOQ, EBQ • Compare and contrast the various inventory control techniques such as EOQ and EBQ Exhibit 4.2.1: Inventory Control in IBM Spare Parts Inventory: Important to After – Sales Service Strategies More than
Scope Determined by concepts, standards and legal provisions. Determined by management on the basis of relevance and cost benefit considerations Coverage This deals with whole organization connected with manufacturing and also other activities or
For example, supply chain strategy selects from where and how, how much, raw materials to be procured, mode of transport to and from the company, distribution of the products and more. Moreover, supply chain strategy comprises of design decisions regarding inventory, facilities, transportation and information flows. Supply chain strategy may also be known as logistics strategy, operations strategy, and supplier
Lit Review The main function of a warehouse is to store goods to be used in retail or wholesale outlets. It is to accommodate a surplus of products that are generally sold within smaller stores that are not in immediate use. Stores are supplied when needed by a customer. Warehouses include different functions according to what the store needs. The major function of a warehouse is storage: It is mainly responsible for receiving, organising and shipping of products to and from whoever has or needs products.
Thematic Analysis 1- Significance of the Research Study ERP plays a major role in Vendor Managed Inventory. A vendor managed inventory is a process where the manufacturer generates order for the manufacturer based on the demand created by the distributor using ERP. During this process the manufacturer follows mutually agreed objectives between the manufacturer and distributor for filling rates and transaction costs. In this regard, some ordering model in Vendor Managed Inventory for the retail industry will be discussed, and its effect on supply chain collaboration mechanism is reviewed, and finally the process cost reduction as a supplier, will be discussed as operational model and rate of this quantities improvement is measured. 2- Implementation
1.2.1. Introduction to Management Accounting (i) Meaning and Definition Management Accounting is applied to the available accounting information for planning, controlling and decision-making. It helps the management carry out its functions by identifying problems, helps in finding out solutions and evaluates performance of business entity. Definitions: According to Robert Anthony, “Management accounting is concerned with accounting information that is useful to management”. According to the Chartered Institute of Management Accountants (CIMA), UK, management accounting is “the process of identification, measurement, accumulation, analysis, preparation, interpretation and communication of information used by management to plan, evaluate and
Job Order Costing “Costing is an accounting technique used to determine the exact expenses for materials, labor and overhead incurred in operations” (D. Ingram). Job order cost method is a method of costing used when the products are made based on specific customer orders. Job order costing records the actual materials and labor expenses for specific jobs, and assigns overhead to jobs at a pre-determined rate. Different costing methods have each their own strength and weaknesses that make them best suited for a vast array of situations. In the Job Order Costing method every product manufactured is considered it’s own unique job.