Assignment on competitiveness and inventory management

Assignment Help Operation Management
Reference no: EM13728719

Assignment on Discussion-Competitiveness and Inventory Management

To be competitive, many fast-food chains expanded their menus to include a wider range of foods. Although contributing to competitiveness, this has added to the complexity of operations, including inventory management. In what ways did the expansion of menu offerings create a problem for inventory management? One form of inventory is safety stock, which is primarily carried by companies to ensure a variety of products is available at all times. However, safety stock ties up capital and hinders cash flow.

Using the Argosy University online library resources and the Internet, research safety stock.

Then respond to the following:

As a manager, what recommendations could you provide to reduce inventories as it relates to safety stock?

What parameters would lead you to believe that (a) large safety stock, (b) small safety stock, and (c) zero safety stock would be advantageous for the organization? Be sure to provide examples and data in support.

After your initial post, discuss the following:

What are some of the ways in which a company can reduce the need for inventories?

How has technology aided inventory management?

How have technological improvements in products such as automobiles and computers impacted inventory decisions?

Write your initial response in 200 to 300 words DOES NOT NEED TO BE IN APA FORMAT ONLY APA standards to citation of sources

Reference no: EM13728719

Questions Cloud

Find the equilibrium price and quantity : Graph the supply and demand curves - Find the equilibrium price and quantity and Find the new equilibrium price and quantity, and show this on your graph.
Discuss ways to minimize the likelihood of discrimination : Based on your reading of the major EEO laws, discuss ways to minimize the likelihood of discrimination and maximize the benefits of diversity in the workplace.
What was its return on total assets : Barnes Corp's total assets at the end of last year were $415,000,000 and its net income after taxes was $17,750,000. What was its return on total assets?
What is their total mortgage payment-principal-interest : Mary and Carlos want to buy a $400,000 house. They have $50,000 for a down payment. Their lender is offering them a 30 year mortgage at 6.2%. What is their total mortgage payment (principal & interest + escrow)?
Assignment on competitiveness and inventory management : Assignment on Discussion-Competitiveness and Inventory Management, To be competitive, many fast-food chains expanded their menus to include a wider range of foods. Although contributing to competitiveness, this has added to the complexity of opera..
Solar heating system and gas-heating system : You own a rental building in the city and are interested in replacing the heating system for the building. You are faced with the following alternatives: A solar heating system, which will cost $ 12,000 to install, $ 500 a year to run, and will last ..
Emphasis by most central banks on preventing inflation : Another question lurks behind nearly all discussions of macroeconomic policy: Why should we be so fearful of inflation? Provide your take on the emphasis by most central banks on preventing inflation.
Use the arithmetic average-real risk-free rate : Suppose the real risk-free rate is 3.50%, the average future inflation rate is 2.50%, a maturity premium of 0.20% per year to maturity applies, i.e., MRP = 0.20% (t), where t is the years to maturity. Suppose also that a liquidity premium of 0.50% an..
Create presentation that analyzes company marketing mix : Create a 6-8 slide Microsoft PowerPoint presentation (including a title slide) that analyzes that company's marketing mix: Each of the four P's should be addressed on its own slide

Reviews

Write a Review

Operation Management Questions & Answers

  What are the provisions of the landrum-griffin act of 1959

What are the provisions of the Landrum-Griffin Act of 1959 that gave union members a Bill of Rights through the variety of reporting and disclosure obligations now required by the officers of the labor organizations.

  Which training method best addresses the adult learner

In your opinion, which training method best addresses the adult learner's need for participation and interaction? why?

  How can management create an ethical culture

A company's obligation is to be profitable- unprofitable enterprises can't afford to be socially responsible.' Discuss why you agree or disagree with this statement.

  How should southwest evaluate the gate boarding and plane

Watch “ Southwest Airlines ” and read the Case “Constraint Management at Southwest Airlines” at the end of Chapter 7 in Operations Management: Processes and Supply Chains.

  Explain why do these countries provide bulk of fdi

Then identify top-ten (or -20) foreign MNEs that have undertaken inbound FDI in your country. Explain why do these countries also companies provide bulk of FDI into country.

  From which of the following sources can the bank recover

From which of the following sources can the bank recover its $5,000 with interest? A. Orlando's secondary financer B. Orlando's savings account C. Orlando's family D. Bob, Orlando's prospective business partner

  What are some of samsungs greatest competitive strengths

Samsung's goal of $400 billion in sales by 2020 would bring it to the same level as walmart? is this possible?why or why not

  Illustrate what do you think are risks involved

Illustrate what do you think are risks involved (to HR and organization as a whole) if HR does not make this a priority and instead remain a purely task-oriented department mostly administrative in nature.

  Illustrate what range of volumes is proposal lesser cost

You need to increase capacity of your manufacturing operation by adding new equipment. Two vendors have presented proposals.

  Show the differing expectations of club members

Chart the five performance objectives to show the differing expectations of club members and casual flyers and compare these with the actual service delivered.

  Explain how should businesses handle those deemed

Role of Product Harm also Consumer Vulnerability. Explain how should businesses handle those deemed to be vulnerable.

  Firm is considering a fundamental shift in process

A product is currently made in a process-focused shop, where fixed costs are $9000 per year and variable cost is $50 per unit. The firm is considering a fundamental shift in process

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