Entrepreneurship
Presentation
•
Business
•
11th Grade
•
Practice Problem
•
Medium
shiney john
Used 3+ times
FREE Resource
7 Slides • 8 Questions
1
Entrepreneurship
Grade 11
2
Multiple Choice
The __________is where purchasing and inventory planning are put into effect
Office
Warehouse
Business
3
Chapter 15.2:Inventory Management
Pages 366-368
4
Objectives
Interpret the warehousing and its areas
Predict the effect of excess inventory
Discuss reordering and the best option
5
Information
Warehousing is the act of holding and handling goods in a warehouse. The warehouse is where purchasing and inventory planning are put into effect. The warehouse can be an actual structure or an assigned space.
6
Video
https://www.ar-racking.com/en/news-and-blog/storage-solutions/quality-and-security/main-areas-of-a-warehouse
7
Open Ended
What is warehousing?
What are the areas allocated in a warehouse?
8
Areas in a Warehouse
1.Receiving and shipping docks
2.Bulk storage areas
3.Staging areas
4.Picking rows
5.Assembly areas
6.Packing areas
7.Management office and lockers
9
Multiple Choice
The warehouse is where ___________ and ________ planning
are put into effect.
organize and distribute
Buying and Selling
Planning and Purchasing
10
Open Ended
1.What is the effect of excess inventory in the warehouse?
2.What are the ways to clear out the overstuffed warehouse?
11
Multiple Choice
Why should we keep products moving out in a warehouse?
To make more sales
To businesses running
To keep cash flowing in, businesses
12
Reordering
Products or raw materials that are inexpensive should be reordered periodically. You should also periodically reorder any products or raw materials that are used often or are easy to get.
Inventory that is not suited to periodic reordering must be reordered in another way. Three key questions must be considered:
1. What is the lead time? Lead time is the gap in time between placing an order and receiving delivery.
2. What is the usage rate? Usage rate is how quickly the inventory will be used in a given period of time.
3. How much safety stock will be needed?
13
Open Ended
1.What is the need for reordering?
What are the different methods of reordering?
14
Multiple Choice
How does periodic and nonperiodic reordering differ?
For periodic ordering is instantaneous but non periodic is in periods
Ordering for periodic is using physical count but for non periodic computerized
Ordering is in periods but for non periodic its once the product finishes.
15
Poll
How well did you understand?
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Entrepreneurship
Grade 11
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