Homework: Inventory Management
Research two manufacturing or two service companies that manage inventory and complete this homework.
Write a five to seven page paper in which you:
I. Determine the types of inventories these companies currently manage and describe their essential inventory characteristics.
II. Analyze how each of their goods and service design concepts are integrated.
III. Evaluate the role their inventory plays in the company's performance, operational efficiency, and customer satisfaction.
IV. Compare and contrast the four different types of layouts found with each company; explain the importance of the layouts to the company's manufacturing or service operations.
V. Determine at least two metrics to evaluate supply chain performance of the companies; suggest improvements to the design and operations of their supply chains based on those metrics.
VI. Suggest ways to improve the inventory management for each of the companies without affecting operations and the customer benefit package. Provide a rationale to support the suggestion.
Format your homework according to the give formatting requirements:
• The answer must be using Times New Roman font (size 12), double spaced, typed, with one-inch margins on all sides.
• The response also includes a cover page containing the student's name, the title of the homework, the course title, and the date. The cover page is not included in the required page length.
• Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.
The specific course learning outcomes associated with this homework are:
i. Evaluate the processes used in designing and producing goods and services.
ii. Determine four layout patterns and when they should be used.
iii. Utilize the concept of supply chain management.
iv. Employ the concept of capacity management.
v. Evaluate the management of inventories and resources.
vi. Use technology and information resources to research issues in operations management.
vii. Write clearly and concisely about operations management using proper writing mechanics.