Managing work-in-process inventory / Kenneth Kivenko
- Bib ID:
- 4280304
- Format:
- Book
- Author:
- Kivenko, Kenneth, 1942-
- Online Version:
- Table of contents only
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- Description:
-
- New York : M. Dekker, c1981
- x, 222 p. : ill. ; 24 cm.
- ISBN:
- 0824712684
- Series:
- Industrial engineering ; v. 5
- Full contents:
-
- Machine derived contents note: Preface v
- 1. Introduction 1
- Nature of WIP 4
- Cycle Time 6
- Cycle Time and WIP 11
- Integrated WIP Model 12
- Summary 16
- 2. WIP Inventory and Finance 17
- Inventory Flow 17
- An Example 18
- Profit and Return on Investment 20
- Income Statement 21
- Balance Sheet 22
- Tying It All Together 22
- Production Control and ROI 26
- Cash Flow and Production Control 28
- Summary 30
- 3. Inventory Accounting 31
- What Is an Accounting System? 31
- Income Statement 32
- Accounts Payable 34
- Direct Costs and Overhead 34
- Inventory Valuation 39
- Inventory Accounting Cautions 40
- Inventory Provisions, Reserves, and Write-offs 41
- The Annual Physical 41
- Some Questions 42
- Summary 43
- 4. Inventory Management Foundations 45
- Inventory Control 45
- Production/Inventory Control System 47
- Functional, Responsibilities 50
- Organizing for.Control 52
- Basic Problems 52
- Policy and Procedures 55
- Inventory Management by Emphasis 58
- Pareto's Law 58
- Recognizing Critical Work Centers 59
- Summary 63
- 5. Purchasing and WIP 65
- On-Line Purchasing/Receiving System 68
- Stockless Purchasing 70
- Trade Credit 70
- Disposition of Residual Materials 71
- Overbuying 72
- Procurement Problems 74
- Summary 76
- 6. WIP and the Shop Floor 77
- Machine Utilization 78
- Group Technology 83
- The Scheduling Decision 87
- Summary 88
- 7. WIP Controls 91
- Forecasting Demand 92
- Master Production Scheduling 95
- Planning Material Requirements 97
- Planning Capacity Requirements 99
- Capacity Control 101
- Priority Control 105
- Summary 108
- 8. Major Factors Affecting WIP 110
- Inferior Engineering Controls 110
- Lack of Parts Standardization 113
- Inadequate Quality Control 116
- Poor Make or Buy Policy 117
- Inefficient Materials Handling 119
- Management (Mal)Practices 122
- Summary 123
- 9. Quantitative Methods Applications 125
- Management 126
- Planning 128
- Design 129
- Yield Prediction 131
- Service Parts 131
- Receiving 132
- Material Control 132
- Manufacturing 134
- Determining Optimum Lot Size 135
- Sequencing and Scheduling 139
- Capital Equipment Maintenance 139
- Test Evaluation 139
- Distribution 140
- Regression Analysis 141
- Summary 142
- 10. Computer Applications 143
- Computer Fundamentals 144
- Material Requirments Planning 146
- Who Can Use MRP 148
- MRP Prerequisites 149
- Shop Floor Data Collection 152
- Other Applications 158
- Process Control 159
- Summary 162
- 11. WIP Performance Measures 165
- Performance Measures 166
- Customer Service 123
- Complaint Analysis 123
- Order Cycle Times 174
- Line Item Fill Versus Dollar Fill 174
- Complete Order Fill Versus Orders Completely Backordered 175
- On-Time Delivery 176
- Performance and Customer Satisfaction 176
- Summary 177
- 12. Cycle Counting, Checkup, and Audit 178
- Cycle Inventory 178
- Periodic Inventory Checkup 181
- Operational Audit 189
- Nature of Operational Auditing 190
- Approach 190
- Benefits 194
- Summary 196
- 13. Production Problems, Nostrums, and Remedies 198
- Symptons of Poor Control 201
- Corrective Action and Improvement 202
- Inventory Inaccuracy 202
- Uncontrolled Kiting Procedures 204
- Loose Enforcement of Standards 205
- Untimely Obsolescence Studies 205
- Unbalanced Assembly Lines 206
- High Cycle Times 207
- Costly Product Designs 207
- Lack of Automation 207
- Infrequent Meetings 208
- Inflated Lead Times (Cycle Times) 208
- Poor Employee Relations 210
- Lack of Employee Training 210
- Inactive Inventory Management 211
- Summary 212.
- Notes:
-
- Includes index.
- Bibliography: p. 214-215.
- Subject:
- Inventory control
- Copyright:
-
In Copyright
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Copyright status was determined using the following information:
- Material type:
- Literary Dramatic Musical
- Published status:
- Published
- Publication date:
- 1981
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