Module+13000+II.+Topic+Outline


 * II. Module 13000 Topic Outline wxa**

I. Just-In-Time inventory management  A. Explanation of JIT  B. Strategic objectives of JIT  C. Comparison of JIT and Traditional inventory method.  D. Effect of JIT method  i. Effect on traceability of overhead and product costing  ii. Reducing the ordering cost by long-term contracts, continuous replenishment, and EDI  iii. Reducing setup times  iv. Avoidance of shutdown and process reliability II. Just-In-Case inventory management  A.Just-In-Case inventory management  B. Traditional reasons for carrying inventory  C. Economic Order Quantity  i. EOQ  ii. Reorder Point Illustrated III. Theory of constraints (TOC) <span style="font-family: 'Arial','sans-serif';"> A. basic concepts of constrained optimization <span style="font-family: 'Arial','sans-serif';"> B. <span style="font-family: 'Tahoma','sans-serif'; font-size: 14px;"> Constrained optimization <span style="font-family: 'Arial','sans-serif';"> C. Five-Step method for improving performance