Why complete inventory control is significant in company

Assignment Help Operation Management
Reference no: EM132952018

Jamblock is a Jamaican company, of which you are the Logistics Director. It is committed to making outdoor concrete tiles and various concrete structures for housing (walls, washtub, outdoor furniture, etc.). It has its production and distribution warehouse in Yallas, St. Thomas.

Jamblock has experienced an exponential rise in sales due to new decorative trends based on concrete tiles, whose attributes link to elegance, cleanliness and durability. In addition, the company is known for making high-quality washing tubs, one of the best in the market, with totally original designs and engravings. All this has caused the demand for their product to increase considerably in the last few years.

The company's Logistics Director has decided that it is time to export these new decorative trends to various Caribbean countries. They think that the taste and style in beautiful concepts are pretty similar, thus ensuring an excellent reception. To this end, an agreement has been signed with exclusive suppliers of outdoor concrete tiles and was htubs, a chain of luxury hardware stores dedicated exclusively to accessories, outdoor furniture and home installations.

The main characteristic of Jamblock, which has sales points throughout the Caribbean, is that it supplies the material to its customers in less than 24 hours after payment. This forces Jamblock to be very clear about the logistics processes, to avoid stock ruptures at times of peak demand, which would imply very significant monetary fines as a penalty, as stated in their agreement.

At this current time, the cargo must be distributed to three Caribbean locations:

- Trinidad and Tobago

- Barbados

- Cayman IslandsWe find that Jamblock is entering an entirely new export stage and there is a condition by a restrictive exclusivity contract. For this reason, as Logistics Director, you must develop a logistics plan. You were oriented to the internationalization of Jamblock products, considering all the mentioned particularities.

DEVELOP THE LOGISTICS PLAN

A. Explain why complete inventory control is significant in your company.

B. Propose actions to prevent disruption of the production process resulting from poor inventory management.

2. We know that it is necessary to highlight the distribution stage for the correct exploitation of the Jamblock logistics network.

A. Which variables must be engaged/taken into account for proper product coordination? Briefly propose an action to ensure these variables.

B. Propose also different actions that ensure sound management towards the client and at the same time, make you more competitive as a firm.

3. Do you consider it appropriate to apply the Just in Time philosophy in the new warehouses and overall business? Justify your answer.

4. Regarding the choice of Incoterms:

A. Which do you consider more appropriate if we want the client to be free, as much as possible, from all management and responsibility?

B. Imagine that you have implemented a service for the different island managers to collect the merchandise from our central warehouse, offering a 10% discount on the retail price. What type of Incoterm will interest you most in this case?

Reference no: EM132952018

Questions Cloud

Match capacity with demand during unbalanced system : An excellent question in our forum - Discussion Two: Develop a plan to match capacity with demand during unbalanced system.
How much should Sam invest on January : On January 1, 2016 Sam wants by December 31, 2020 to have P10,000,000. How much should Sam invest on January 1, 2016 that will earn 10% annual interest
Describe audit process that medical center can expect : What actions should a medical center take to prepare for an audit by the OCR?
Concepts of costs covered in operations management : There are numerous concepts of costs covered in Operations Management. Two such concepts are Marginal Costing and Absorption costing.
Why complete inventory control is significant in company : Jamblock is a Jamaican company, of which you are the Logistics Director. It is committed to making outdoor concrete tiles and various concrete structures for ho
How much is the cost of goods sold recognized on January : The cost and fair value of the equipment are P1,500,000 and P2,000,000. How much is the cost of goods sold recognized on January 1, 2000
What does the utilization effect term equal : The first term in the queue length formula (equation 8.10) is often called the utilization effect. This term is: u square root 2(c+1)/1-u where in the numerator
Find non-profit organization message : How do partnerships help spread a non-profit organization's message?
What would be the profit and rate of return : Assume that market interest rate (r) decreases to 6% from 10% after 5 years. What would be the profit and rate of return of this investor in case

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

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