What do you recommend for improving inventory management


Problem

Part I: Data Analysis

1. Draw a hypothetical process (time-function) map for producing a recently released (within the past two years) product manufactured by the company. As an operations manager, how will you use the value map? Be sure to include your process map within your case study analysis.

2. Draw a cause-and-effect diagram that assesses why some of the company's supply chain partners might have struggled to implement some of the company's newly developed materials. Summarize your findings from the diagram.

3. Considering the data and options below, determine where the company should locate its new manufacturing plant. Explain why this would be the favorable location. Factor Weight Mexico City Columbia, SC Political Risk .25 70 80 Transportation Costs .20 40 90 Labor Productivity .20 85 75 Rental Costs .15 90 55 Labor Costs .10 80 50 Taxes .10 90 50

4. The company believes that it might have some inefficiencies in its inventory management process. Develop an ABC classification system for the following 10 items. Based on this information, what do you recommend for improving inventory management?

Item Annual Demand Cost/Unit I5 1750 10.00 D1 6000 10.00 A2 3000 50.00 E9 1000 20.00 J8 2500 5.00 C7 1500 45.00 B8 4000 12.00 G2 300 1500.00 H2 600 20.00 F3 500 500.00 IV.

Part II: Sustainability

1. Describe how the emerging concept of the triple bottom line can be used to enhance operations management at the company. Be sure to address each component of the triple bottom line.

2. Explain how the company integrates ISO 14000 standards in its manufacturing plants. Support your explanation with citations from your textbook or outside sources.

3. Describe ways through which the company can integrate corporate responsibility principles into their operations. Which of these do you believe to be the most effective? Why? Support your opinions with citations from your textbook or outside sources.

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Operation Management: What do you recommend for improving inventory management
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