How does company manage inventory in the warehouse optimally

Assignment Help Operation Management

Reference no: EM133312535

Case Study: A shipping company engaged in the delivery of goods to end customers is currently investing in building a new warehouse in the Colorado area. The purpose of this warehouse is to become a distribution center for the Arizona and New Mexico regions. With the construction of this new warehouse, the company is trying to increase the speed of delivery to end customers, but the company is facing a dilemma, namely how to balance costs, service and inventory. On the one hand, this company has invested heavily by building a new warehouse and preparing for the needs of its workforce. On the other hand, this company also wants the return on investment to occur quickly. Because of that the company is trying to apply the best strategy to make it happen.

Assume yourself as management in the company and design the right strategy to be implemented in the company.

Question a. What do you think is the best way to balance the supply chain triangle in the company? Explain based on the concepts you learn
Question b. From the 3 supply chain strategies that have been studied, identify the most appropriate strategy for this company and then explain, provide strong arguments why choosing this strategy compared to the other two strategies
Question c. How does the company manage inventory in the warehouse optimally? Identify the appropriate theory applied and explain

Reference no: EM133312535

Questions Cloud

Cloud computing is computing model : Cloud computing is a computing model in which computer processing, storage, software and other services are provided as a shared pool of virtual resources

Discuss who were some of the hispanics : Discuss who were some of the Hispanics who served in the war with distinction? What kinds of challenges did they face back home? Back up your argument

Explain what is p-value and how you use the p-value : Explain what is p-value. Explain how you use the p-value to make judgments for problems in hypothesis testing.

Evaluate the philosophical responses to the problems : Evaluate the philosophical responses to the problems created by the industrial revolution. These include unionism, chartism, utopian socialism, and scientific

How does company manage inventory in the warehouse optimally : What do you think is the best way to balance the supply chain triangle in the company? Explain based on the concepts you learn

Economic and political ideology you see in canada : Explain how World War I created the conditions for the Russian Revolution and Compare and contrast Marxism to the economic and political ideology you see

Difference between system software and application software : Explain what is the difference between system software and application software, complete with examples of each!

Define the terms renaissance and humanisim : Define the terms Renaissance, humanisim and "protestant reformation."Explain atleast three ways in which these movements led to broad changes

Managing hardware and software technology : Discuss what are the main issues in managing hardware and software technology that managers and information systems specialists.

User Account

All Pages