Inventory management and warehouse management

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Reference no: EM132176839

Identify and discuss the key organizational levels relevant to inventory management and warehouse management.

Discuss the key master data relevant to warehouse management.

Define the four types of goods movements in IM, and provide an example of each type.

Explain the material and financial accounting impacts of goods movements in IM.

Analyze the differences between one-step and two-step transfers.

Identify several possible scenarios for stock transfers, and explain the key differences between these scenarios.

What is a stock transport order used for? What are the advantages of using a stock transport order?

Explain the differences between using stock transport orders without delivery, with delivery, and with delivery and billing.

Describe the steps in the warehouse management process in terms of triggers, tasks, data, and outcomes.

Explain the role of warehouse management process as it relates to (1) the procurement process, (2) the fulfillment process, and (3) the production process.

Explain the relationship between storage location inventory and bin inventory.

Describe the different options for the order of postings in WM and IM and the consequences of each option on IM and WM inventory status.

Identify the key reports available in warehouse management and the significant information found in these reports.

What is the main objective of material planning? What are the basic questions addressed by material planning?

List and describe the steps in the material planning process.

Which master data are relevant for material planning?

Define and explain the relevance to material planning of the following data in the material master: Procurement type, MRP type, Lots size key, scheduling times, planning time fence, BOM selection method, Availability check group, strategy group, consumption mode.

Define and distinguish between consumption-based planning and materials requirements planning.

Explain how reorder point planning works.

Explain the differences between (a) dependent requirements and independent requirements (b) Planned independent requirements (PIRs) and customer requirements (CIRs).

Explain the common time estimates included in the material master.

Identify and discuss the different types of in-house production times defined in the material master.

Compare and contrast the three production planning strategies discussed in this chapter.

Explain the process by which CIRs consume PIRs, and provide an example.

What are product groups? What is the role of product groups in material planning?

Compare and contrast aggregation and disaggregation.

What is the role of MRP controller in material planning?

Briefly describe the steps in the material planning process in terms of the triggers, data, tasks, and outcomes.

Explain the functions and components of a planning table. Discuss the different methods of generating a production plan with a planning table.

What are the different options for disaggregating a sales plan or a production plan?

Explain the differences between MRP and MPS.

Describe the tasks completed in the MRP step of the material planning process.

Explain the different control parameters that determine the way the tasks in the MRP step are executed.

Discuss the different MRP processing keys.

Describe the net requirements calculation.

Explain the scheduling process in MRP.

Define and discuss the types of procurement proposals that can be created in MRP.

Assess the advantages and disadvantages of crating planned orders and purchase requisitions for externally procured materials.

Define MRP element.

Discuss the different reporting tools that are useful in material planning.

Distinguish between the stock/requirements list and the MRP list.

Reference no: EM132176839

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