Reference no: EM131003219 , Length:

I need someone to do all four modules please let me know thanks and each case for module has to have 4 to page SLP has to be 3 to 5 pages and discussion board have no limit so half page or couple paragraph will do it.

Inventory -  Actions for 'Inventory'

How is inventory like water flowing into and out of a bathtub?

How do you relate the bathtub model to the inventory balancing equation [e.g., Ending Inventory = Beginning Inventory + Purchases (flow in) - Inventory Sold or Used (flow out)]?

How do you measure how much inventory has been used during a specific time period-say, a year?

Why is knowing Inventory Turns an important measure of the inventory asset? Be sure to make a good argument for your position.

First Post: Enter your original response to this question. Support your response with evidence from the readings or other resources. It is not necessary to provide formal citations, but you should give the sources of your information.

Subsequent Posts: Respond to at least two of your classmates' discussion posts. Further the discussion and make it interesting. Support your response with evidence and provide your sources, at least informally.

Inventory - Inventory management in your company.

Session Long Project

Continue using your fictitious company from SLP1 and continue to develop the company profile and operating information.

Identify how your company uses inventory. What are three different inventories of products or supplies that the company maintains?

What do you think is the total amount of inventory on average that is maintained in comparison to the annual income of the company?

What do you think are some key methods that your company could use to manage and track inventory, e.g. technology systems, and/or lean methods?

This paper should be approximately 3-5 pages in length counting the intro, body, and summary. You should include references and cite them properly in the paper.

Generally, at least three references should be used.

SLP Assignment Expectations

• First discuss the recap your company and add any additional information about it that will add necessary and/or interesting information as background to the discussion of inventory.

• Then identify at least three different inventory types based on the products, supplies, or other materials needed, used, or provided to the customer. Note: capital equipment (machines or fixtures used to provide services) are not inventory. The cost of this equipment is depreciated and included in the overhead costs of providing the service.

• Determine the average value of the total inventory maintained by the company and how this compares to the annual gross income of the company. Discuss inventory turns and overhead costs if something is produced for inventory.

• What are the key issues or problems with inventory, such as accuracy of inventory records, maintaining, storing, moving and controlling inventory, assuring quality from suppliers, getting on time deliveries, etc.

• Discuss the key methods that the company uses or could use to manage and track inventory, e.g. technologies, methodologies, etc. And how does the company attempt to solve its inventory issues.

• Look into similar companies for comparable inventory turns.

Review all of the resources for this module. Use them to help you create/invent issues about inventory and how you would improve.

You should look for additional references about the type of business you are operating with specific information about improving inventory operations.

Assignment Overview

Case: The Excellent Manufacturing Company & Inventory

Case Assignment

Analyze the inventories that are used to produce the Plasti-Brack product line. Determine an appropriate plan for improving the inventory situation. Justify your plan. Write a report to the VP of Operations. Use the Report Template provided. Consult EMC Financial Info for COGS and the Notes about Inventory at EMC.

Assignment Expectations

• Use the information provided in the Background readings. It is not necessary to do any additional research.

• Review the Notes at the Excellent Manufacturing Company and become familiar with the various inventories for the Plasti-Brack product line.

• Analyze the inventories including the raw material inventories, work-in- process, and finished goods. How could you apply the EOQ method? What are the implications of process set-up times?

• Determine and discuss other inventory issues that you think are occurring in the processes for the Plasti-Brack product line, i.e., direct and indirect (overhead) costs, inventory turns, inventory accuracy, and inventory storage and movement.

• Determine a plan for improving the inventory situation in the PlastiBrack product line.

• Justify your plan based on the concepts of inventory management.

READ the information provided by the resources and references on the Background page. Understand the theory and concept of inventory, inventory turns, EOQ, and Lean.

Study the information about the Plasti-Brack product line and inventories. Understand the EOQ formula and how it can be used to reduce the shop order quantities. Calculate the current Inventory Turns. Estimate how much you can increase turns by using the EOQ. Determine other ways you can improve inventory management.