Assessment - Inventory Management Strategies
In this assessment, you will evaluate at least three inventory management strategies for a selected company type.
Assignment - You are to answer the following questions:
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 the following business operations.
A New Zealand clothing retailer company Hallenstein Brothers, which has its products manufactured and labelled in China and distributed from an RDC in Auckland;
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 (+/-10%, 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.
Learning Outcome - Categorise a comprehensive range of procurement and inventory management strategies and processes, and their links to other areas of the logistics system.
Assessment Format -
Title
Executive summary
1. Introduction ( excluded from 1500 words limits)
1.1. objective of report(learning Outcome)
1.2. limitation
2. Inventory Strategies
2.1. ABC analysis/Pareto
2.2. Economic Order Quantity
2.3. "Postponement" strategies
3. Procurement strategies (Procurement strategies and processes, including links to other areas of the logistics system) focusing on The relative importance of suppliers, co-managed inventory (CMI) and vendor managed inventory (VMI), (CPFR).
4. Conclusion
5. References (APA)