Assignment: Managing Inventory
The world of supply chain management benefits directly from using the creative and the critical side of your brain. Nowhere is this more evident than in the management of inventory. It should come as no surprise that many creative ways exist to address the value, velocity, and volume of inventory across a supply chain. But, at some point creative thinking must give way to critical thinking as these ideas undergo a thorough analysis. Based on the information shared within the chapter which do you think would be most creative for your organization if they were a global company? Explain your reasoning for selecting this model.
Instructions: Your initial post should be at least 250 words.
Instructions
A case analysis must be written in APA format and include the proper cover and reference list. The Case Analysis should be 500-700 words. Please use double spacing (as required by APA) and an APA approved font (12 point). The Case Analysis must include at least three references. Reference support should be included in the evaluation of possible solutions as well as the recommendations and/or implementation sections. The Case Analysis MUST include the following heading and follow this prescribed format:
Title Page (APA formatted)
I. Major Facts (Heading)
(State here the major facts as you see them. Make statements clear and concise for your own understanding as well as for the understanding of the other students and the instructor.)
II. Major Problem (Heading)
(State here the major problem as you see it. Emphasize the present major problem. You may wish to phrase your statement in the form of a question. In a few cases, there may be more than one major problem. A good problem statement will be concise, usually only one sentence.)
III. Possible Solutions (Heading)
A. (List here the possible solutions to the major problem. Let your imagination come up with alternative ways to solve the problem.
B. Do not limit yourself to only one or two possible solutions. These solutions should be distinct from each other. You must include a minimum of three possible solutions.
C. However, you may wish to include portions of one solution in another solution, as long as each solution stands alone. Only in this manner will your subsequent choice be definitive.
D. Note advantages and disadvantages of each possible solution as well expected outcomes. This is an areas where outside support will help.
IV. Choice and Rationale (Heading)
(State here your choice, A or B or ___ and the detailed reasons for your choice. You may also state your reasons for not choosing the other alternative solutions.) Explain the hopeful outcome of this alternative.
V. Implementation (Heading)
Prepare a plan to implement your choice (recommendation).
Reference Page (APA formatted) - every source listed should be cited within the text.