Explain the three inventory control models

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A.1. From your experiences, compare your favorite brick-and-mortar department store to a comparable online retailer. Describe the advantages each has over the other. Explain the advantages each type offers you as the customer.

2. Identify a process within your organization that requires improvement. Explain how using the DMAIC method differs from how improvements are currently made.

B. 1. Evaluate the motivations of organizations such as Apple to initiate a facilities location or relocation project? In your response, ensure to use resources to evaluate the stakeholders and pros and cons of domestic vs. international locations.

2. Transportation is required to move both work in process and finished goods. Discuss the considerations required when planning for transportation. Research two organizations and provide examples on the types of transportation and logistics methods used.

C.1. Describe the different forecasting methods and provide an example of when each is most applicable.

D. 1. Explain the three inventory control models and the driving factor in each model. Provide examples for each one using current companies.

2. Explain the difference between a materials requirement planning (MRP) and Master Production Schedule. Provide examples how each are applied in the supply chain.

E. 1. Compare and contrast JIT, MRP, and synchronized manufacturing, stating their main features, such as where each is or might be used, amounts of raw materials and work-in-process inventories, production lead times and cycle times, and methods for control.

2. In your own experience, identify an instance when the Theory of Constraints (TOC) was successfully used to improve a process, or when you saw the potential for TOC to improve the process. Provide examples of the bottleneck(s) in the process.

3. In your own experience, identify an instance when the Theory of Constraints (TOC) was successfully used to improve a process, or when you saw the potential for TOC to improve the process. Provide examples of the bottleneck(s) in the process.

Reference no: EM132706630

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