User Account

All Pages

Make a post which makes case for building up inventory level

Assignment Help Operation Management
Reference no: EM131437784

Assignment: Operations Management for Competitive Advantage

Many companies build up their inventory levels to:

1. Accommodate for uncertainties in demand;
2. Take advantage of economies of scale;
3. Accommodate for unreliable suppliers;
4. Accommodate for quality issues;
5. Accommodate for production and scheduling errors.

Yet, JIT and Lean Manufacturing philosophies state that inventory is considered waste and should be eliminated as much as possible.

1. Please make a post which makes the case for building up inventory levels.

2. Please make a second post which makes the case for using JIT & Lean Manufacturing to eliminate as much inventory as possible.

3. Please make a third post in which you choose a company (or industry) and discuss which of these inventory methodologies you would follow and why.

Reference no: EM131437784

Questions Cloud

What does the phrase piercing the corporate veil mean : What does the phrase "piercing the corporate veil" mean? When might the corporate veil be pierced ? How does this philosophy compare with that of many U.S. trading partners ?
What generic porter strategy does the company follow : What are General Mills’ corporate-level strategies? What generic Porter strategy does the company follow? Are General Mills’ strategic choices aligned with the Porter generic strategy you believe the company follows?
Discuss the arguments for the concepts of affirmative action : Utilizing case law examples, discuss the arguments for and against the concepts of affirmative action and employment at will.
Explain the principle on which you make the recommendation : Strategize the best location for new hubs for the service arm and the best location and set up strategies for the manufacturing arm. Explain the principle on which you make these recommendations. Individual Projects:
Make a post which makes case for building up inventory level : Please make a post which makes the case for building up inventory levels. Please make a second post which makes the case for using JIT & Lean Manufacturing to eliminate as much inventory as possible.
describe conflict situation and organizational setting : MGMT 570- Submit written project proposal-describe conflict situation and organizational setting. [Note: get a jump start on your literature review NOW].
Types of traditional training : If you had to choose two traditional methods to use in the diversity awareness training session, which two would you pick and why? Be sure to tell us which objective(s) each training method addresses.
Optimum production schedule for flexman : Assuming no backlogs, no subcontracting, no layoffs, and no new hires, what is the optimum production schedule for FlexMan? What is the annual cost of this schedule? What inventories does the optimal production schedule build? Does this seem reaso..
Optimum production schedule for flexman : Assuming no backlogs, no subcontracting, no layoffs, and no new hires, what is the optimum production schedule for FlexMan? What is the annual cost of this schedule? What inventories does the optimal production schedule build? Does this seem reaso..

Reviews

Write a Review

Operation Management Questions & Answers

  Range of possibilities for various uncertainties for project

Regarding the "10 50 90 Analysis" to assess to the range of possibilities for various uncertainties for a project. What are the strengths/weaknesses of this approach to assessing uncertainties at the project planning stage? & in what cases would this..

  Always use a short word instead of a long word

While choosing appropriate words for business writing, which of the following is true? (a) always use a short word instead of a long word. (b) use a short word instead of a long word, even if the long word is more familiar. (c) use a long word if you..

  Shared blind spots

As you examine PepsiCo leadership, analyze the prototyping, if any, the leadership is undertaking as a way to experiment with the future. Consider whether PepsiCo leadership is following Scharmer's advice:

  Pros and cons of mrpii systems

Your understanding of the pros and cons of MRPII systems, citing at least two Web sources. How could any new system be better than an MRPII system?

  Do you have suggestions for improved measurement strategies

In your organization, how does management assess marketing performance in both the short-term and long-term? Do you have suggestions for improved measurement strategies?

  Prepare a brief strategy strategic plan is to improve

Develop a competitor profile for your college and for the college geographically closest to yours next prepare a brief strategy strategic plan is to improve the competitive position of the weaker of the two colleges. Please post responces by an ..

  What is the new-hire retention rate for the firm

A friend of yours with another company about the same size as yours showed you their application form. They asked a lot more questions and you wonder if your company could also ask them. Could the following items be added to our application blank? Wh..

  How might your decision be different

Identify a time in your life when you had to make a personal or professional decision such as buying a home, changing jobs, enrolling in school, or relocating to another state or region.

  Inspiration for giving a firm a motivating purpose

Where do you think the inspiration for giving a firm a motivating purpose and values beyond making money should come from? Does it have to come from a company's leaders? Do you think it could begin as voluntary activity, as with employees finding eac..

  Applied to the rapid prototype methodology

The Strategic Core Process of New Product Development (NPD) is critical as the foundation for Systems Engineering. Various methodologies exist to develop a successful NPD: Waterfall, “V”, Rapid Prototype (or spiral), SCRUM, etc. Please outline how th..

  Degree in broadcast journalism-applied for the job

The local T.V. station has an opening for evening sports caster. Yvonne, a recent graduate with a degree in broadcast journalism, applied for the job. She was told that they had to hire a man because the job required covering the local high school fo..

  Important for an effective organizational structure

Discuss the roles of vertical and horizontal differentiation as they relate to organizational structure. In your opinion, which of these concepts is most important for an effective organizational structure? Please use an example.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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