AVM 2 Herr at Hochschule Worms

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Needs and benefits of standard processes in air cargo Alliance?

Exemplary flashcards for AVM 2 Herr at the Hochschule Worms on StudySmarter:

Big Data Management system (3 Potential Data sources)

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What are Inventorys?
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What are the types of Inventorys?

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What are the Inventory costs?

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Why are Inventorys important/Goal

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What is the purpose of inventories?
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What are Problems of Inventory?

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Name options for Large and small order Quantities!

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What is the Inventory turnover rate?

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Name Reasons to carry less Inventory
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Why Air Cargo Alliances

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Exemplary flashcards for AVM 2 Herr at the Hochschule Worms on StudySmarter:

AVM 2 Herr

Needs and benefits of standard processes in air cargo Alliance?
-helps to operate their activities along transportation chain within defined standard

AVM 2 Herr

Big Data Management system (3 Potential Data sources)
1. Sensor Data: all data can be derived from sensor within: satellites, traffic, office building 2.Public Web: all data of potential customers using the wolrd wide web: government weather 3. Archive: preference of customers can be analyzed within the past

AVM 2 Herr

What are Inventorys?
another name for materials and is an material that a firm holds in order to satisfy customer demand

AVM 2 Herr

What are the types of Inventorys?
-Raw Material (packaging stocks) -In-process-stocks (work in progress) -Finished products (stocks held at end of production line) -Pipeline stocks (held in distribution chain) -General stores (mixture of production used to support operations) -Spare parts (provides a crucial back-up to manufactures machinery or plant where any breakdown might be critical)

AVM 2 Herr

What are the Inventory costs?
-Holding Costs (storage, handling) -Setup costs (arranging specific equipment setups) -Ordering costs (costs of placing an order) -Shortages costs (costs of running out)

AVM 2 Herr

Why are Inventorys important/Goal
-Costs money -Takes up space -need to hire people to take care of inventory Goal: minimize inventory holding while maintaining a desired customer service level

AVM 2 Herr

What is the purpose of inventories?
-Maintain independance of operation -meet variation in product demand -allow flexibility in production scheduling -provide safeguard for variation in raw material time -take advantage of economic purchase order size

AVM 2 Herr

What are Problems of Inventory?
Controlled lowering of inventory discovers the waste throughout the process -Problems are hidden: Machine failure, insufficient Material/personel -Problems become visible: Easy identification -Elimination of the causes: Problem solution allows production with lower inventory

AVM 2 Herr

Name options for Large and small order Quantities!
-traditional: large but less frequent orders -Trendsetting: small and more often (JIT Deliveries)

AVM 2 Herr

What is the Inventory turnover rate?
costs of all good sold in one year/Value of average inventory held throughout the year

AVM 2 Herr

Name Reasons to carry less Inventory
-Reduce shrinkage/spoilage(Diebstahl) -Reduce property taxes and insurance -Reduce storage and handling -Reduce interest and opportunity costs

AVM 2 Herr

Why Air Cargo Alliances
-Cost reduction -Product improvement -To expand its network -Increase customer benefit -Threat of its market position

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AVM 2 Jäckel

AVM 2 Grosche

AC 2 at

Universität Freiburg im Breisgau

Herz at

Universität Mainz

HR 2 at

Fachhochschulstudiengänge Krems IMC

AVM at

Ostbayerische Technische Hochschule Amberg-Weiden

HERZ at

Fachhochschule Lübeck

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