Explain the importance of good inventory planning strategy

Assignment Help Operation Management
Reference no: EM131435731

In your own words, please explain the importance of a good inventory planning strategy, including the implications of limited and excess inventory.

Reference no: EM131435731

Questions Cloud

International infliction of emotional distress : Two disc jockeys at WPYX-FM radio in Albany, New York were sued for international infliction of emotional distress by Annette Esposito-Hilder, who was identified on the air by the two disc jokceys as the winner of the ugliest bride contest.
Developed in mexico without breaking up the large estates : Reformers and revolutionaries in Mexico sought land reform for social justice and for democracy, believing that land reform was a necessity for creating a society with a democratic government. Would you say the same? Could representative government h..
Example of good and an example of bad location decision : Find an example of a good and an example of a bad location decision. Present each scenario, and discuss the implications of these location decisions (both good and bad) on the business.
Law might consider appropriate to ask in job interview : Create a list of five questions that cannot legally be asked in a job interview. Each question should be one that a manager not familiar with the law might consider appropriate to ask in a job interview.
Explain the importance of good inventory planning strategy : Explain the importance of a good inventory planning strategy, including the implications of limited and excess inventory.
Beerco manufactures ale and beer from corn-hops and malt : Beerco manufactures ale and beer from corn, hops and malt. Currently 40lb of corn, 30 lb of hops, and 40 lb of malt are availaible. A barrel of ale sells for 40dollars and requires 1 lb of corn, 1 lb of hops and 2lb of malt. A barrel of beere sells f..
Human resources manager for large distribution site : You are the Human Resources manager for large distribution site. Your recent employee opinion survey indicated that overall, employees felt that this was a good place to work. However, recent downturns in the economy have resulted in the loss of larg..
Measures play a role in economic crimes or misconduct : Do performance measures and the reporting of those measures play a role in economic crimes or misconduct. What factors/concepts should be included in a master plan for information systems development?
Design a data entry screen for entering new members : Tools 4 U is a tool rental company that reaches out to people with little or no experience. The firm has a staff of technicians to help customers select the right tools, show them how to use the tools, and provide 24/7 support. Design a data entry sc..

Reviews

Write a Review

Operation Management Questions & Answers

  Functional level to improve-product quality-post efficiency

Post University in general, and myself specifically, need your assistance. We continually strive to be better. So here’s your chance to unload; Identify and give examples of the steps that can be taken at the functional level to improve Post’s effici..

  Key issue in fourth amendment cases

As the Supreme Court has explained, for a state to have jurisdiction over an out-of-state business there must exist: The legal process that resolves disputes among persons, businesses, and governments is known as: The Supreme Court struck down a tax ..

  List the strategics objectives of aggregate planning

List the strategics objectives of aggregate planning. Which one of these is most often addressed by the quantitative techniques of aggregate planning? Which ine of these is generally the most important?

  Countrys national competitive environment of firm

At first glance, the Diamond model only seems to be useful to describe a country’s national competitive environment of a firm. Is there any way a firm can use the Diamond model to improve its competitiveness? Give two example of how this might be don..

  What is the expected number of units short per cycle

What ROP would provide a stockout risk of 10 percent during lead time? What is the expected number of units (pounds) short per cycle?

  How does the pager suggest you eliminate waste

How does the pager suggest you eliminate waste? Have the students and Mr. Alvarez found the root cause of the cart problem? Why or why not? How would you apply the principles of lean production to improve Wiley's situation?

  Different types of international staffing policies

What are the three different types of international staffing policies that companies can implement? Identify the advantages and disadvantages of each type of international staffing policy.

  What role does forecasting play in the supply chain

What role does forecasting play in the supply chain of retailers or wholesalers with inventory? Please give some examples of products that display seasonality demand. What data would you use to forecast the next year’s sales?

  How tasks are performed within an organizational structure

How has technology changed the way manager define how tasks are performed within an organizational structure? One of the manager’s job is to keep stability within an organization. What happens to structure when the walls are missing? How do tasks get..

  Define the three criteria for evaluating effective team

Define the three criteria for evaluating effective team/group work (as stated in your text) and analyze whether the "team" in the video is effective or not.

  Considerations should you address in you web strategy

Your company manufactures and sells golf clubs and would like to start selling outside Ireland. What other considerations should you address in you Web strategy? What features would you put on your website to attract buyers from the countries you tar..

  Draw the activity-on-node project network

Suppose a project consists of the following activities. Activity Immediate Predecessors Time (Days) A None 5 B None 8 C A 4 D B, C 6 E B, C 4 F D 6 G E, F 4 (a) Draw the activity-on-node (AON) project network based on the table above?

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