INVENTORY MANAGEMENT OF UNILERVER

Unilever Food Solution was founded with inspiration from the stories of famous brands: Knorr, Lipton, Best Foods, Unilever Food Solutions is the world's leading provider of culinary solu

Group: Flechazo

Inventory Management

Duong Khanh Bang - 19124060

Le Thi Quynh Giang - 19124057 Dinh Thi Ha My - 19124051

Tran Ngoc Bao Yen - 19124042

-With 149,000 employees worldwide and over 400 brands in over 190

countries

Competitors

Procter & Gamble (P&G), Nestlé, Kraft Foods, Mars Incorporated, Reckitt Benckiser và Henkel.

Founded year

September 2, 1929,

United Kingdom

Icons come together

to shape the Unilever logo Each symbol

inside has its own

meaning and

represents the values and product

characteristics and is closely related to the areas in which

Unilever operates

Unilever's products

In June 2021, Unilever has just

announced the successful signing of

an agreement to acquire Paula's

Choice - the world's leading famous cosmetic brand from TA Associates.

To add vitality to life We meet

everyday needs for nutrition, hygiene

and personal care with brands that

help people feel good, look good and

get more out of life.

UNILEVER VIETNAM VISION:

Making Vietnamese lives

better.

Unilever Food Solution was founded with inspiration from the stories of famous brands: Knorr, Lipton, Best Foods, Unilever Food Solutions is the world's leading provider of culinary solutions for Professional Kitchens It has a business system in 74 countries, with more

than 4,700 professional employees, with 230 dedicated chefs, serving millions of delicious meals every day.

UNILEVER FOOD SOLUTIONS' MISSION IS TO CREATE A PROFESSIONAL KITCHEN ENVIRONMENT THAT

CONNECTS AND INSPIRES THE GLOBAL KITCHEN

COMMUNITY THROUGH ITS EXTENSIVE CULINARY

KNOWLEDGE, MODERN INGREDIENTS, AND CREATIVE FREEDOM FOR CHEFS , EXPERIMENT AND CREATE

MASTERPIECES

Unilever's inventory model

Unilever applies the perpetual method and periodic method of

inventory management In addition, operational goals for the

inventory are met through just-in-time (JIT) inventory management.

The just-in-time (JIT) inventory system is a management strategy that aligns raw-material orders from suppliers directly with

production schedules.

JIT is also applied throughout the entire sales process The quantity of goods sold and the flow of dispatched goods will closely match the quantity of

goods produced, avoiding capital backlog and unnecessary inventory.

The important feature of the Just in time model: it is better to apply small

batches of approximately the same production scale, to receive materials

during the production process, than to produce large batches and then store them in stock capital stagnation

Unilever's inventory

model

Evaluate the effectiveness

of inventory management

activities

Effective inventory

management is reflected in reasonable inventory levels, high levels of customer

service, and avoid wasting.

Factors affecting the management

of finished product inventory food

of Unilever Vietnam International

Co., Ltd

Consumption forecast

deviation Customer service level

Supply time

Shelf life

Operational capacity of the warehouse system

Supply reliability

UNILEVER STOCK MODEL

REVIEW COMMENT

Ensure accuracy of production time

Ensure accuracy and quality of products

Maximum saving of materials and materials

Product life cycle turns quickly because of

high labor dispersion

Strengths

Enhancing competitive value

Low inventory ratio

Reducing labor costs

Strengths

2 0 / 1 5

W E A K N E S S

Having to redesign the entire

production process of the company to

fit the JIT system

A manufacturing company is required to build a production process to match the JIT system

if one stage stops working, the

whole line will stop working.

JIT works with weekly orders in smaller quantities

to keep inventory costs low

The system of the JIT model

cannot work independently

if one stage stops working, the whole line will stop working.

Putting great pressure on the

costs

Recommendation

The most effective application for units with repetitive

production operations

Using the Just-in-time (JIT) model requires close coordination

between the manufacturer and the supplier Departments need

to ensure awareness of the importance of maintaining

productivity; quality as well as minimizing waste

Enterprises need to synchronously combine many measures:

apply a single-product flow line (products are transferred

according to the production process, not according to

specialized departments to reduce shipping costs), the ability

to self-check (the post-testing stage, the pre-acceptance test),the normalization (distributing the work evenly every day)

Thank you !