Unit 4 LogisticInventoryPhrasesand Expressionsphysicalgoods实物：实体产品workstoppage停工economicvalue【经】经济价值nolonger不再merchandiseinventory商业库存enroute在途中cyclestock经常库存manufacturinginventory制造业库存bedividedinto被分成safety（buffer）stock安全（缓冲）库存work-in-process在制品in-transitstock 在途库存consistof由.构成speculativestock投机库存becommittedto致力于，用于referto涉及，指的是separate..from...把......和.....分开guardagainst 防止，提防leadtime从订货至交货的间隔时间attemptto尝试，试图做某事overallcost总成本，全部成本
Phrases and Expressions physical goods实物；实体产品 economic value [经] 经济价值 merchandise inventory 商业库存 manufacturing inventory 制造业库存 be divided into 被分成 work-in-process 在制品 consist of 由.构成 be committed to 致力于，用于 separate . from. 把.和.分开 work stoppage 停工 no longer 不再 en route 在途中 cycle stock 经常库存 safety (buffer) stock 安全（缓冲）库存 in-transit stock 在途库存 speculative stock 投机库存 refer to 涉及，指的是 guard against 防止，提防 lead time 从订货至交货的间隔时间 attempt to 尝试，试图做某事 overall cost 总成本，全部成本 Unit 4 Logistic Inventory
Unit 4 LogisticInventoryTask 1Mark the following statements with T(True)orF (False)accordingtothepassage.1.Inventory is defined as a stock of goods which are maintained on hand at ornear a business'slocation.T2. Merchandise inventory is further divided into three components: rawmaterials,work-in-process andfinishedgoods.F3.Work-in-Process refers to those materials that have had work done on themTbut have not been completed.4. In-transit stock is held in addition to cycle stock to guard against uncertaintyFindemandand/orleadtime.5.Each inventory aims to have a high level of customer service or part of anattempttomaximizeoverall cost.F
Task 1 Mark the following statements with T (True) or F (False) according to the passage. 1. Inventory is defined as a stock of goods which are maintained on hand at or near a business’s location. 2. Merchandise inventory is further divided into three components: raw materials, work-in-process and finished goods. 3. Work-in-Process refers to those materials that have had work done on them but have not been completed. 4. In-transit stock is held in addition to cycle stock to guard against uncertainty in demand and/or lead time. 5. Each inventory aims to have a high level of customer service or part of an attempt to maximize overall cost. T F T F F Unit 4 Logistic Inventory
Unit 4 LogisticInventoryTask2Translatethefollowingphrases intoChinese or English制造业库存1.manufacturing inventory2.cyclestock经常库存缓冲库存3.bufferstockin-transitstock在途库存安全库存5.safety stockeconomicvalue经济价值6.制成品7.finished good投机库存8.speculative stock
Task 2 Translate the following phrases into Chinese or English. 1. manufacturing inventory _ 2. _ 经常库存 3. buffer stock _ 4. _ 在途库存 5. safety stock _ 6. _ 经济价值 7. finished good _ 8. _ 投机库存 制造业库存 cycle stock 缓冲库存 in-transit stock 安全库存 economic value 制成品 speculative stock Unit 4 Logistic Inventory
Unit 4 LogisticInventoryPassage BNeed for Inventory ManagementInventory is a necessary evil that every organization would have to maintain forvarious purposes.Over inventory or under inventory both cause financial impact andhealthofthebusinessas well as effectbusinessopportunities.Inventory holding is resorted to by organizations as hedge against various externaland intemal factors, as precaution, as opportunity, as a need and for speculativepurposes.Thereasonsfor holdinginventories can vary fromcaseto casebasisMeet Variation in Production DemandProduction plan changes in response to the sales, estimates, orders and stockingpatterns.Accordingly the demand for raw material supplyfor production varies with theproduct plan in terms of specific SkU as well as batch quantities.Holding inventories ata nearby warehouse helps issue the required quantity and itemto production just in timeCater to Cyclical and Seasonal DemandMarket demand and supplies are seasonal depending upon various factors likeseasons; festivals etc.and past sales data help companies to anticipate a huge surge ofdemand in the market well in advance.Accordingly they stock up raw materials and holdinventories to be able to increase production and rush supplies to the market to meet theincreaseddemand
Passage B Need for Inventory Management Inventory is a necessary evil that every organization would have to maintain for various purposes. Over inventory or under inventory both cause financial impact and health of the business as well as effect business opportunities. Inventory holding is resorted to by organizations as hedge against various external and internal factors, as precaution, as opportunity, as a need and for speculative purposes. The reasons for holding inventories can vary from case to case basis. Meet Variation in Production Demand Production plan changes in response to the sales, estimates, orders and stocking patterns. Accordingly the demand for raw material supply for production varies with the product plan in terms of specific SKU as well as batch quantities. Holding inventories at a nearby warehouse helps issue the required quantity and item to production just in time. Cater to Cyclical and Seasonal Demand Market demand and supplies are seasonal depending upon various factors like seasons; festivals etc. and past sales data help companies to anticipate a huge surge of demand in the market well in advance. Accordingly they stock up raw materials and hold inventories to be able to increase production and rush supplies to the market to meet the increased demand. Unit 4 Logistic Inventory