Reference no: EM131700891
Assignment : 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. Apply APA standards to citation of sources.
By the due date assigned, post your response to the appropriate Discussion Area. Through the end of the module, review and comment on at least two peers' responses. Consider the following in your response:
Provide a statement of clarification or a point of view with rationale.
Challenge a point of discussion or draw a relationship between one or more points of the discussion.
What motivation lesson can be learned from diamond pet foods
: Companies that offer lavish benefits believe there is a return on their investment. The challenge: figuring out how to calculate it.
|
Briefly discuss importance of wind as an agent of erosion
: Briefly discuss the importance of wind as an agent of erosion, and explain why such statements are probably inaccurate
|
What is its sustainable growth rate
: It has a total debt of $48,000 and total equity of $60,000. Last year, it paid dividends of $6,000. What is its sustainable growth rate (SGR)
|
Management and the external customer
: You are assigned a new responsibility for a project where there is a difficult project negotiation going between your organization's management.
|
How has technology aided inventory management
: What are some of the ways in which a company can reduce the need for inventories? How has technology aided inventory management?
|
How do you think this applies to project management
: The second 90% of the work is accomplished with the remaining 10% of the budget." How do you think this applies to project management?
|
Assessing the possibility of delivering project early
: Explain how you would go about assessing the possibility of delivering your project early. How will that affect scope, costs, and schedule.
|
Discuss why managers might want to change the behaviors
: Discuss why managers might want to change the behaviors they engage in, given their situation, their subordinates, and the nature of the work being done.
|
What are the consequences of societys inflexible approach
: What are the consequences of society's inflexible approach to sexual/gender labelling for individuals with confused
|