Inventory management in manufacturing organizations

Assignment Help Operation Management
Reference no: EM131008544 , Length:

Project Task

Choose one topic from the list above. You have to respect the working guidelines given below and the submission date.

Working Guidelines for Project

A. Project Structure:

It is recommended that your project report have the following structure in the order provided here.

1. Title page

The students' details should be filled in the cover letter provided.

2. Abstract / Executive Summary

The Abstract consists of the project title and about half a page concise summary containing the scope and results of your study.

3. Table of Contents

Table of contents should contain titles and page numbers for the main sections and subsections of your report. The table of contents should also include entries for any appendices in your report.

4. Report Body

This is the central and main part of the project which contains the actual work done during the project. The main requirement is that you need to structure the report so that it is clear and structured in a way that makes sense. Grammar and spellings count.

5. Conclusions

The project's conclusions should list the things which have been learnt as a result of the work you have done.

6. References

You are responsible for appropriately citing material and methods that you use. Give references for the data collected from a text book, a magazine or a website identifying its sources while using the appropriate form. In the references section, references should be in a numbered list, ordered alphabetically by the last name of the first author.

Students are required to submit the report in soft copy.

List of topics

Topic 1: Inventory Management

Inventory management is one of the crucial elements of supply chain management in an organization. The organizations need to have effective process, tools, techniques and quality measures in place to effectively manage the inventory level and optimize cost. The inventory management has lots of challenges and it requires proper planning and execution of adopted processes and technologies to manage it in an efficient way. Suggestions for operations dissertations on inventory management are:

• Inventory management is the backbone of supply chain management: True or False?

• The influence of information technology in inventory management.

• Inventory management in manufacturing organizations.

• Inventory management in retail: a case study on any company of your choice.

• Inventory management for e-commerce.

Topic 2: Logistics

Logistics is the management of the flow of goods, information and other resources, including energy and people, between the point of origin and the point of consumption in order to meet the requirements of consumers (frequently, and originally, military organizations). Logistics involves the integration of information, transportation, inventory, warehousing, material-handling, and packaging. Logistics topics for your operations dissertation could include:

• Transport and logistics: a look inside.

• Logistics management - Evaluation of the logistics operations carried out within manufacturing organizations

• Impact of information technology on logistic industry.

• Principles of logistic management: an evaluation in a practical environment.

• Value chain strategy of the logistic industry.

Verified Expert

This report has been prepared according to the Harvard style and is aimed at discussing one of the most important activities in operations management - inventory management. The report gives detailed information on the process of inventory management, its advantages, objectives, and limitations. It discusses the role of information technology in inventory management and the importance of inventory management in supply chain management. The report then discusses the inventory management model of Walmart and the importance of inventory management for e-commerce business organisations.

Reference no: EM131008544

Questions Cloud

How many disasters would you expect in the first flights : An Air Force study indicates that the probability of a disaster such as the January 28, 1986 explosion of the space shuttle Challenger was 1 in 35. The Challenger flight was the 25th mission. How many disasters would you expect in the first 25 flig..
Compute depletion and depreciation of the mine : Compute depletion and depreciation of the mine and the mining facilities and equipment for 2011 and 2012. Marion uses the units-of-production method to determine depreciation on mining facilities and equipment.
Identify a broad problem area and define problem statement : Formulate a field work research project and design research instruments such as questionnaires and interview schedules and employ statistical software to conduct inferential statistical analytical procedures, and set up and solve a regression model.
Prepare any journal entry necessary as a direct result : Prepare any journal entry necessary as a direct result of the change as well as any adjusting entry for 2011 related to the situation described.
Inventory management in manufacturing organizations : The inventory management has lots of challenges and it requires proper planning and execution of adopted processes and technologies to manage it in an efficient way - Inventory management in manufacturing organizations.
Facts in aristotle''s framework : [Categories by Aristotle] Here are some facts: Bruce is a buffalo, Bruce is brown, Bruce is sunbathing. Analyze these facts using the framework Aristotle develops in the Categories. Explain the differences in status between these facts in Aristotle's..
What was his total cost : A chandelier was marked up 150% from an original cost of $96. Last Friday, Tamir bought the chandelier and paid an additional 5% in sales tax. What was his total cost
What is the approximate value of the standard deviation : Suppose that the distribution of scores on an exam is closely described by a normal curve with mean 100. The 16th percentile of this distribution is 80. What is the 84th percentile?
Determine the multiple regression equation : Determine the multiple regression equation and interpret the partial regression coefficients. Dave has a 3.6 grade point average and 3 university activities listed on his résumé. What would be his estimated starting salary

Reviews

Write a Review

Operation Management Questions & Answers

  What is the firms labor hours productivity

What is the firms labor hours productivity after the changes - what is the percent change in the multifactor productivity before and after the changes?

  Describe a analysis of the indusrtry cycle of amazon

I need a analysis of the indusrtry cycle of Amazon. please use only sources from the internet. no books or outside sources you could use as many as you need. I need you to write about for example what were the reasons for the growth stage.

  What is the key reason host country nationals

What is the key reason host country nationals are hired to fill most foreign positions? Answer (1) They can more easily understand the values and customs of the local workforce. (

  Products purchased are highly differentiated

Buyer power will be greater when the products purchased are highly differentiated, there are high switching costs, the industry's product is very important to the quality of the buyer's end products or services, and it is concentrated or purchases la..

  Argest incidence and most time lost from work due to strikes

The _____ Act was enacted following the largest incidence and the most time lost from work due to strikes of any year in U.S. history.

  Marketing manager to discuss the accuracy level

Why is important for the researcher and the marketing manager to discuss the accuracy level associated with the research project at hand? Give examples from specific companies.

  Writing the riordans manufacturing strategy chase level or

write a paper of no more than 1400-words that includes the followingdetermine riordans manufacturing strategy chase

  Final assembly is produced by assembling two components

Suppose that a final assembly is produced by assembling two components. The first component, component A, is produced in house and proceeded though three process steps, blanking, forging, and machining, with scrap estimates of 5%, 8%, and 5%, respect..

  Describe the five stages of skill acquisition

Describe the Five Stages of Skill Acquisition and how it relates to knowledge creation and creating a learning organization.

  Relationship between a project network and a project plan

Explain, in your own words, the relationship between a project network and a project plan. Can a project plan be created without a project network? Why or why not? Provide a specific example and evidence from the readings to support your response.

  What standard time is applicable for that operation

A time study analyst observed a job that is performed continuously and found an average time of 6.0 minutes per cycle for a worker she rated at 95 percent. What standard time is applicable for that operation?

  Hot temper and drinking swot analysis

The Brawler Case (Sharon B. Buchbinder and Dale Buchbinder) Identify the strengths and weakness that exist in relation to the major problem or a hot temper and drinking SWOT Analysis

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd