Assignment 2: Inventory Management
Research two (2) manufacturing or two (2) service companies that manage inventory and complete this assignment.
Write a six to eight (6-8) page paper in which you:
- Determine the types of inventories these companies currently manage and describe their essential inventory characteristics.
- Analyze how each of their goods and service design concepts are integrated.
- Evaluate the role their inventory plays in the company’s performance, operational efficiency, and customer satisfaction.
- Compare and contrast the four (4) different types of layouts found with each company; explain the importance of the layouts to the company’s manufacturing or service operations.
- Determine at least two (2) metrics to evaluate supply chain performance of the companies; suggest improvements to the design and operations of their supply chains based on those metrics.
- Suggest ways to improve the inventory management for each of the companies without affecting operations and the customer benefit package. Provide a rationale to support the suggestion.
- Use at least four (4) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources.
…………………..Answer Preview……………………
Introduction
Most successful company have make use of inventories which are meant to ensure that the company grows well especially for most of the manufacturing and services offering companies. These companies have the responsibility of managing inventories through the management team. Inventories are those products or services which are to be used in production in the case of a manufacturing firm and in the case of a services company these are the products which are held for sale or will be used in marketing….
APA
1989 words
