Chapter V-VI Product

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Chapter V-VI Product Inventory Management

• By
• Aj-Kulachatr Chatrakul Na Ayudhaya
• Mareketing Department
• Business Administration Faculty

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Chapter V-VI Product Inventory Management

• Main Objectives
• Reduce Opportunity Cost
• Suitable in Quality , Source , Time ,Place ,
  Price , and Quantity
• Reduce Investment cost
• Profitability
• Advantage in competition

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Chapter V-VI Product Inventory Management
Purchasing

• Properties of Buyers
• Merchandising Specialist
• Profit Oriented
• Sale Minded
• Merchant Source
• Negotiator
• Sixth Sense
• Honesty and Faithfully

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Chapter V-VI Product Inventory Management
Purchasing

• Purchasing Function
• Purchasing Policy
• Support the objectives firm
• Support the consumers need
• Determination of Consumers Need
• Internal Information
• Past Sales Basic stock list
• Return Goods
• Credit information
• Consumers Voice
• Attendants Voice

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Chapter V-VI Product Inventory Management
Purchasing

• Determination of Consumers Need
• External Information
• Benchmarking
• Consideration of Suppliers Proposal
• Consideration of Market Potential
• Print ad Advertising and Promotion
• Customer survey
• Experience , Mind of Retailer

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Chapter V-VI Product Inventory Management
Purchasing

• Purchasing Consideration in order Quantity
• Timing
• Hand to Mouth Buying
• Speculative Buying
• Other Consideration
• Quantity Discount
• Distance of source of supply
• Firms financial status Liquidity
• Facilities Store , Handling Equipetc
• Lead time
• Geographical Climate , Traffic , Transport

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Chapter V-VI Product Inventory Management
Purchasing

• Purchasing Consideration in order Quantity
• Sale Forecasting
• Inventory File
• Master Plan Budgeting
• EOQ Model

EOQ 2
D O i C
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Chapter V-VI Product Inventory Management
Purchasing

• Source of Supply Supplier
• Middle Man Wholesalers , Rack Jobber , Desk
  Jobber , Broker , Selling Agents , Manufacturers
  Agents , Auction
• Manufacturers Factory Outlet , Sale Engineers
  , Trainers
• Farmers or Agriculture
• Source of Supply Source
• Catalogs , Price List , Salesman , Local Markets,
  Central Market , Foreign Market , Government ,
  Book , Directory , Internet search

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Chapter V-VI Product Inventory Management
Purchasing Contraction

• Contraction
• Basic Contraction Price Concession
• Selling condition Price Discount
• Quantity Discounts and Cash Discounts
• Trade Discounts
• Seasonal Discounts
• Promotional Discounts or Allowances
• Brokerage Discounts or Allowances

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Chapter V-VI Product Inventory Management
Purchasing Contraction

• Contraction
• Selling condition Payment Condition
• COD , DD , SD , ROG
• Other contraction
• Price guaranties , Transportation , Exclusiveness
  goods , Refund and return commitment

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Take a Break !!!
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Chapter V-VI Product Inventory Management
Inventory Management

• Core Function
• Learning to merchandise your stock
• Receiving merchandise
• Marking merchandise
• Stock control

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Chapter V-VI Product Inventory Management
Inventory Management

• Learning to merchandise your stock
• Point of Sale Display
• Self service and Full service
• Merchandising Technique
• Basic Stock list
• Revolution of merchandising technique
• Product Grouping,Front facing Product Placement,
  Forward edging , Shelf Adjustment , Stacking ,
  Pack size , Vertical Merchandising , Hanging ,
  Window Display

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Chapter V-VI Product Inventory Management
Merchandising Technique
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Chapter V-VI Product Inventory Management
Inventory Management

• Stock Keeping
• Protecting the goods
• locate stock quickly
• Arranging replacing stock
• Reconditioning the merchandise
• Reporting damage goods
• Helping determine what to buy

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Chapter V-VI Product Inventory Management
Inventory Management

• Receiving Merchandise
• Received Handling , locating , numbering
  ,Transporting fee , Receiving record Logged
  book ,receiving apron ,Invoice
• Checking Inspecting shipment
• Return to venders mistake
• break , fragile , disorder , miss number , out of
  sale

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Chapter V-VI Product Inventory Management
Inventory Management Labeling Coding

• Marking Merchandise
• Labeling and Coding
• For helping customer to find them
• To inform customer price
• Support stock control
• EX - Price Code
• - Supplier Code
• - Received Date Code
• - Department

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Chapter V-VI Product Inventory Management
Inventory Management Labeling Coding

• Marking Technique
• Labeling and Coding
• Write on packing
• Rubber Stamp
• Label Material , Tail
• Price labeling stamper
• Barcode Technique
• Ship

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Chapter V-VI Product Inventory Management
Inventory Management Barcode
Barcode ??????????????????????????????????????????
????????????? ??? ?????? ???? ?????? ???? ??
????????????? ????????????????????????????????????
?????????????? ???????????????????? ???????
?????? ???? Barcode ??????????????????????????????
????????????????????????????? ???????????? ???
???? ??? ??? ???????? ????????????????????????
(Scanner) ????????????????????????????????????????
??????????????????????????????????????????????????
???????????????? (Digital Signal)
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Chapter V-VI Product Inventory Management
Inventory Management Barcode

• 885 ?????????????
• 0088 ???????????????????????????
• 60801 ?????????? ??????????????? ???????
• 6 ??????????????????????????????????????????
  ??????????????????????????????????????????????????
  ???????? Digit Number

885 0088 6 0 801 6
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Chapter V-VI Product Inventory Management
Inventory Management Scanner
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Chapter V-VI Product Inventory Management
Inventory Management Accessories
Barcode Printer Barcode Software PDT
(Portable Data Terminal)
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Chapter V-VI Product Inventory Management
Inventory Management Stock control

• Stock Control
• to Record
• to Report and processing
• to protect order Repeating
• Order Quantity
• to protect Stock out
• ensure the merchandise available
• to accounting
• support the competitive advantage

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Chapter V-VI Product Inventory Management
Inventory Management Stock control

• How to Control Stock
• Kinds of stock Control
• Dollar Control
• Unit Control
• Information for stock control
• Sale -slip
• Check note
• Stub control
• P-O-S Computer Technique
• Inventory control Numbering