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Presented by Andrea Aguila and Stefanie Aguila
● INVENTORY MANAGEMENT
● MATERIAL HANDLING
Inventory management is all about specifying the size and placement of stocked goods.
It also concerns with carrying costs of inventory, asset management, inventory forecasting, inventory
valuation, inventory visibility, future inventory price forecasting, physical inventory, and available physical
space for inventory.
Overseeing and controlling of quantities of finished products for sale.
How much to order?
● Specify units of inventory to be used by organization.
When to order?
● Specify the duration of getting the inventory.
★ Using barcode symbols to identify an item.
★ It is the most common form of automatic identification used in automatic data capture
★ Barcodes are structured to contain specific product related information.
★ Encodes alphanumeric characters and symbols
Material handling is the movement, protection, storage and control of materials and products throughout manufacturing,
warehousing, distribution, consumption and disposal. As a process, material handling incorporates a wide range of manual ,
semi-automated and automated equipment and systems that support logistics and make the supply chain work. Their
application helps with:
- Resource allocation
- Production planning
- Flow and process management
How is the material handling used?
There is a variety of manual, semi-automated and automated material handling equipment and technologies available to aid in the
movement, protection, storage and control of materials and products throughout manufacturing, distribution, consumption and
disposal. These include:
● Automated storage and retrieval systems
● Automatic guided vehicles (AGVs)
● Automatic identification and data collection
● Item order fulfillment systems
● Monorails systems
● Overhead cranes
● Protective guarding