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Inventory Management for Bus and Rail Public Transit Systems Final Report (1995) / Chapter Skim
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I. INTRODUCTION AND RESEARCH APPROACH
Pages 1-4

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From page 1...
... and the Clean Air Act; and issues associated with custom equipment, such as long lead times and the lack of available life cycle and component mean time between failure history. Materials managers have always been faced with dealing with the two conflicting objectives of inventory management, namely, to provide maximum parts availability while keeping inventory investment low.
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From page 2...
... Examples of relative performance measures are the number of backorders as a percentage of inventory and percent of obsolete and excess inventory as a percentage of inventory costs. The implementation of new and more meaningful indicators of inventory performance, coupled with a focused emphasis on utilizing materials management concepts adapted from the private sector, present substantial opportunities for transit organizations to improve inventory management and operating efficiency.
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From page 3...
... The identification of the most useful inventory performance measures, coupled with performance indices for comparison and a useful decision modeling guide, present substantial opportunity for transit organizations to improve inventory management. The primary product of this study is a readily usable reference guide to assist transit professionals in better understanding, evaluating, and managing inventory.
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From page 4...
... Inventory management and replenishment including methods used, accountability practices and procedures, and composition; Inventory management performance including values and levels, transactions, information available, common issues addressed, and performance measures, and; Technology and information systems currently in use. The purpose behind the survey was to develop a database of the current inventory management practices employed by a representative sample of the transit industry.
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Key Terms

  • public transit
  • transit industry
  • inventory control
  • inventory performance
  • transit agencies

  • control techniques
  • performance indices
  • organizational structures
  • improve inventory
  • management goals

  • modeling guide
  • service objectives
  • fleet size
  • transit organizations
  • techniques appropriate

  • decision modeling
  • issues addressed
  • lead times
  • inventory cost
  • tasks consisted

  • transit agency
  • public sector
  • orgaruzational structures
  • clean air
  • substantial opportunities

  • demand patterns
  • efficient implementation
  • storehouse networks
  • air act
  • meet inventory


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