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Inventory Management
Question
Research two (2) manufacturing or two (2) service companies that manage inventory and complete this assignment.
Write a six to eight (6-8) page paper in which you:
- Determine the types of inventories these companies currently manage and describe their essential inventory characteristics.
- Analyze how each of their goods and service design concepts are integrated.
- Evaluate the role their inventory plays in the company’s performance, operational efficiency, and customer satisfaction.
- Compare and contrast the four (4) different types of layouts found with each company; explain the importance of the layouts to the company’s manufacturing or service operations.
- Determine at least two (2) metrics to evaluate supply chain performance of the companies; suggest improvements to the design and operations of their supply chains based on those metrics.
- 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.
- Use at least three (3) quality resources in this assignment.
Solution
Title:
Inventory Management
Length:
6 pages
(1876 Words)
Style:
APA
Preview
Walmart and McDonald’s
Walmart
One of the most dominant elements about Walmart is its sheer size. Today, Walmart has been recognized to be among the most populous stores in the world. This is based on the idea of the stores adopting an expansion program that has seen it open stores in regions including Africa and Asia. Walmart’s’ inventory management systems have been noted to be among the factors that contribute greatly towards its success (Greenspan, 2015). Over the years, the store has been able to polish some of its inventory handling techniques, and hence achieve efficiency. As a result of the store’s size and turnover rates, having a reliable inventory management system comes as a necessity, rather than a choice.
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