Inventory Management

Inventory Management

Instructions

Research two manufacturing or two service companies that manage inventory and write a 5–7 page paper in which you:

1. Determine the types of inventories these companies currently manage and describe their essential inventory characteristics.
2. Analyze how each of their goods and service design concepts are integrated.
3. Evaluate the role their inventory plays in the company’s performance, operational efficiency, and customer satisfaction.
4. 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.
5. 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.
6. 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.
7. Use at least three quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources.

This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your professor for any additional instructions.The specific course learning outcomes associated with this assignment are:

• Propose improvements to the inventory management practices of businesses.

Assignment 2

Title of the Assignment

By Your Name

Course Name

Professor Name

Date

Title of the Assignment

Topic Introduction

In the introduction section, introduce the companies you have selected. Also, provide background information about the companies.

Company inventory

Here you will identify the types of inventories these companies currently manage and describe their essential inventory characteristics.

Goods and Services Design Concept

In this paragraph make sure you analyze how each of their goods and service design concepts are integrated.in the companies’ business strategy.

Inventory and Role in Performance

Provide detail by evaluating the role the inventory plays in the company’s performance, operational efficiency, and customer satisfaction.

Layouts for Each Company

In this section, compare and contrast the two – four (2-4) different types of layouts found with each company; explain the importance of the layouts to the company’s manufacturing or service operations.

Metrics Used in Evaluating Performance

The expectation here is that you 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.

Improvements

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.

Conclusion

Example: In conclusion, there is value is in… Provide your learning from the assignment and the research.

Sources

1. Business Insider. (2016). These Are the 7 Biggest US Airlines. Retrieved from http://www.businessinsider.com/these-are-the-7-biggestus-airlines-2016-4#1-delta-7

2. Federal Aviation Administration. (2017). Air Traffic by the Numbers. Retrieved from

https://www.faa.gov/air_traffic/by_the_numbers

/

3. Brett Snyder. (2009). December Premium Air Traffic Down More Than 13 Percent. Retrieved from https://www.cbsnews.com/news/december-premium-air-traffic-down-more-than-13-percent/

THESE ARE EXAMPLES OF SOURCE PLACEMENT. PLEASE UPDATE WITH YOUR OWN.

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