Course Learning Outcomes:
Categorize a comprehensive range of procurement and inventory management strategies and processes, and their links to other areas of the logistics system.
In this assessment, you will evaluate at least three inventory management strategies for a selected company type.
Assignment Task: You are to answer the following questions:
1. Evaluate at least three inventory management strategies, one of which must be 'postponement', and at least two procurement strategies that you determine to be appropriate for ONE of the following business operations.
EITHER:
a. A New Zealand clothing retailer similar or equivalent to Hallenstein Brothers, which has its products manufactured and labeled in China and distributed from an RDC in Auckland;
OR
b. A New Zealand cosmetics manufacturer/retailer similar or equivalent to Carol Priest, which sources its raw materials from throughout the world, including New Zealand, for manufacture in Nelson.
In either case, you must explain how these strategies link to other areas of the logistics system, both the demand and supply side.
The total submission should comprise 1500 words (not including appendices, citations and references). You must make reference to any models, frameworks, concepts, and terminology that you have encountered in class, in your textbook or sourced elsewhere. Any assumptions you make are to be stated as such and you are to explain why you consider them to be realistic assumptions.
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