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Pinch Point (economics)
A pinch-point is the level of inventories Inventory (American English) or stock (British English) refers to the goods and materials that a business holds for the ultimate goal of resale, production or utilisation. Inventory management is a discipline primarily about specifying the sha ... of a commodity or product below which consumers of that commodity or product become concerned about security of supply. Background When inventories are below the pinch-point, small changes in the balance of supply and demand can cause large changes in the price of the commodity or product. The term was suggested in 1988 by Walter Curlook (Executive Vice-President of Inco Ltd) and was first published by Raymond Goldie with Rob Maiman in 1990. In 2000 Raymond Goldie trademarked the term. See also * Partnerized inventory management References {{reflist Commodity markets ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inventory
Inventory (American English) or stock (British English) refers to the goods and materials that a business holds for the ultimate goal of resale, production or utilisation. Inventory management is a discipline primarily about specifying the shape and placement of stocked goods. It is required at different locations within a facility or within many locations of a supply network to precede the regular and planned course of production and stock of materials. The concept of inventory, stock or work in process (or work in progress) has been extended from manufacturing systems to service businesses and projects, by generalizing the definition to be "all work within the process of production—all work that is or has occurred prior to the completion of production". In the context of a manufacturing production system, inventory refers to all work that has occurred—raw materials, partially finished products, finished products prior to sale and departure from the manufacturing system. I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vale Inco
Vale Canada Limited (formerly Vale Inco, CVRD Inco and Inco Limited; for corporate branding purposes simply known as "Vale" and pronounced in English) is a wholly owned subsidiary of the Brazilian mining company Vale. Vale's nickel mining and metals division is headquartered in Toronto, Ontario, Canada. It produces nickel, copper, cobalt, platinum, rhodium, ruthenium, iridium, gold, and silver. Prior to being purchased by CVRD (now Vale) in 2006, Inco was the world's second largest producer of nickel, and the third largest mining company outside South Africa and Russia of platinum group metals. It was also a charter member of the 30-stock Dow Jones Industrial Average formed on October 1, 1928. Pre-Vale history Founding of Inco The company was founded following the discovery by blacksmith Tom Flanagan in Copper Cliff Ontario of chalcopyrite deposits, while the Canadian Pacific Railroad was being built. Initially, ore was shipped for smelting to a plant in Constable Hook, New ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Raymond Goldie
Dr. Raymond Goldie is a New Zealand-born financial analyst, author and media commentator in Toronto, Canada who is currently an independent analyst. Previously, he was a Senior Vice President and Senior Research Analyst at Salman Partners. He was named one of Canada’s best analysts by the Globe and Mail. Background He is a regular on the Business News Network (BNN) and is the author oInco Comes to Labrador He coined the term " pinch point." He is known for his "sartorial flair" and has appeared in the Fashion section of The Globe and Mail. He holds a PhD in geology from Queen's University. He is the father of game designer and social media researcher Dr. Kate Raynes-Goldie Kate Raynes-Goldie is a Fremantle-based designer, writer, speaker, researcher and certified Lego Serious Play facilitator known for her work on play and games for human connection, creativity and innovation. She is a regular media commentator, .... References Canadian geologists New Zealand emi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Partnerized Inventory Management
Partner-optimized inventory management, also known as partnerized inventory management or sometimes just the abbreviation PIM is an inventory management technique or model often used in deterministic inventory systems in which a significant portion of the total inventory regularly becomes stochastic in nature, due to slowing and/or low demand such as is typical in heavy machinery and construction equipment where the products themselves are extremely durable and have long lives in the field. Inventory in these cases needs to be maintained for an extended time to allow for repairs and product support perhaps as much as two or more decades after a manufacturer has ceased production. Traditional inventory management techniques break down in cases where a manufacturer maintains inventory to supply future maintenance of their in-service equipment. As demand for goods approaches zero, liquidation of inventory is indicated in most revenue management models. Zero inventory to service produ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |