4th March 2015 Inventory Management Processes

 Inventory Management Processes

From today, we will discuss the Inventory Management Processes between 4 and 5pm in Room 16 in Prodn Eng Department. In the last few weeks while discussing the Purchasing processes, we have already discussed some inventory transactions like Goods Receipt. Now we will discuss many other types of materials movements and storage scenarios. The related presentation slides are available for download at https://drive.google.com/file/d/0B-cGSz8Wq7OcLWttQ0hULVFPV3c/view?usp=sharing

Lab 2 exercises for Purchasing process: Last week about half of the students (47) were able to create the Purchase Orders, 23 students could complete the Goods Receipts and 16 students completed Invoices. This week, you are requested to use the 5pm to 7pm period to complete all 4 steps of the Lab 2 exercises.

Please submit the online Lab 2 Report at http://goo.gl/forms/dlWdqOnwDx

Lab 3 exercises for Physical Inventory: For those students who have completed Lab 2, you can proceed with optional Lab 3 exercises for Physical Inventory. The instructions for Lab 3 are available at https://drive.google.com/file/d/0B-cGSz8Wq7OcVEg1MmgyMFdJRlE/view?usp=sharing