Describe the perpetual and the periodic inventory systems


1. Ethical behavior is a corporate issue that affects the company's bottom line. How do ethical issues impact organizations and operations? Include an example seen in the workplace, in the news, etc. that relates to real-life situations. Your initial post should be at least 200-250 words.

2. Why are the following business processes important? Which process do you feel is most important? Explain your reasoning.

a. Strategy development
b. Product development
c. Systems to produce goods and services
d. Order fulfillment

Your initial post should include real life situations and be at least 200-250 words.

3. Many times trade-offs are necessary to increase productivity. What are important trades-offs involving the inputs to productivity? Your initial post should include real life situations and be at least 200-250 words.

4. Read the Forbes article, "The Forces That Are Transforming How Products Are Made." Based on the content presented in the article, what forces and important organizational activities enable a firm to build quality into its products? Explain each of these along with their benefits. Your initial post should include examples and be at least 200-250 words. https://www.forbes.com/sites/ptc/2013/10/21/the-six-things-that-are-transforming-how-products-are-made/

5. Should a firm attempt to have fewer or more suppliers? What are the advantages and disadvantages of each approach? Your initial post should be 200-250 words.

6. How is process selection related to product design and capacity determination? Your initial post should be 200-250 words.

7.Explain how MRP can decrease a company's inventory while improving its customer service level. Include a real-life example. Your initial post should be 200-250 words.

8.Describe the perpetual and the periodic inventory systems. How are they different? Are there circumstances in which one system is better than the other? Include real-life examples. Your initial post should be 200-250 words.

9.Choose companies or industries for which JIT would be totally inappropriate? Explain your reasoning with examples in 200-250 words.

10.Categorize different scheduling procedures for various types of service operations, such as restaurants, hospitals, and airlines. Your initial post should include explanations and examples and be 200-250 words.

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Operation Management: Describe the perpetual and the periodic inventory systems
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