Northeast Research and Extension Center VIP Tour

What a pleasure it is to be with you all tonight as we celebrate achievement! It is always a joy to me to see good work, hard work, work that matters, recognized. We certainly had the opportunity to see work that matters on today's tour, and I thank our Northeast Research and Extension Center faculty for all their research and extension efforts that further our land-grant mission. I also thank the staff of the Center for their good work in support of this mission.

A METHODOLOGY TO EVALUATE OBSOLETE INVENTORY IN HEALTH CARE

Many organizations are currently facing inventory management problems such as distributing inventory on-time and maintain the correct inventory levels to satisfy the customer or end users. Organizations understand the need for maintaining the accurate inventory levels but sometimes fall short leading a wide performance gap in maintaining inventory accurately. The inventory inaccuracy can consume much of the investment on purchasing inventory and many times leads to excessive inventory. The research objective of thesis is to provide a decision making criteria to the management for closing or maintaining the warehouse based on basic purchasing and holding cost information. The specific objectives provide information regarding the impact of inventory carrying cost, obsolete inventory, inventory turns. The methodology section explains about the carrying cost ratio that would help inventory managers to adopt best practices to avoid obsolete inventory and also reduce excessive inventory levels. The research model was helpful in providing a decision making criteria based on the performance metric developed. This research model and performance metric had been validated by analysis of warehouse data and results indicated a shift from two-echelon inventory supply chain to a one-echelon or Just In Time (JIT) based inventory supply chain. The recommendations from the case study were used by a health care organization to reorganize the supply chain resulting in the reduction of excessive inventory.

Panhandle Research and Extension Center Field Day

Commodity trader. Financial analyst. Human resources director. Marketing analyst. Lending officer. Stockbroker. Public relations specialist. Zookeeper. Nutritionist. These are only a few of the varied careers recent College of Agricultural Sciences and Natural Resources graduates are pursuing these days. Exciting, fulfilling careers for which the College of Agricultural Sciences and Natural Resources - we call the college CASNR for short - provides a tremendous educational base that students can build on for their lives.

Panhandle Research and Extension Center feedlot expansion dedication

Good morning. It's always a pleasure to visit western Nebraska with its wide open spaces, much of it filled with cattle. Cattle are tremendously important to Nebraska - it being our state's largest single industry. Nebraska boasts many more cattle than people - around 4 1/2 times more, counting all cattle and calves.