Reference no: EM131257919
Assignment: Discussion-Competitiveness and Inventory Management
To be competitive, many fast-food chains expanded their menus to include a wider range of foods. Although contributing to competitiveness, this has added to the complexity of operations, including inventory management. In what ways did the expansion of menu offerings create a problem for inventory management? One form of inventory is safety stock, which is primarily carried by companies to ensure a variety of products is available at all times. However, safety stock ties up capital and hinders cash flow.
Then respond to the following:
• As a manager, what recommendations could you provide to reduce inventories as it relates to safety stock?
• What parameters would lead you to believe that (a) large safety stock, (b) small safety stock, and (c) zero safety stock would be advantageous for the organization? Be sure to provide examples and data in support.
After your initial post, discuss the following:
• What are some of the ways in which a company can reduce the need for inventories?
• How has technology aided inventory management?
• How have technological improvements in products such as automobiles and computers impacted inventory decisions?
Write your initial response in 200 to 300 words. Apply APA standards to citation of sources.
|
Modeling functions in the lab manual
: Are there any solution documents for MAT171 on Modeling Functions in the lab manual?
|
|
Prepare a presentation on the chevron refinery fire
: Prepare a 15-30 Slides Presentation on the "Chevron Refinery Fire" attached is the link of my Topic- http://www.csb.gov/chevron-refinery-fire/
|
|
Orbit of the dwarf panet pluto
: The orbit of the dwarf panet Pluto has approximately the following characteristic (Assume the Sun is the focus):
|
|
What proportion of these days had at least one breakdown
: Use these numbers to generate the number of breakdowns for 10 consecutive days. What proportion of these days had at least one breakdown?
|
|
How has technology aided inventory management
: After your initial post, discuss the following: What are some of the ways in which a company can reduce the need for inventories? How has technology aided inventory management? How have technological improvements in products such as automobiles and c..
|
|
Give the second-order taylor polynomial
: a) Give the second-order Taylor polynomial P2(x)for the function f(x)=x^2*ln(x), about a=1. b) Use Taylor's Theorem to give the Remainder Term R2(x)=f(x)-P2(x), as a function of xand some zbetween 1 and x.
|
|
Simulate her profit outlook over 5 days
: Simulate her profit outlook over 5 days if she orders 200 papers for each of the 5 days. Use the following random numbers: 52, 06, 50, 88, and 53.
|
|
Conduct an internal assessment using swot analysis
: In preparation for your report, conduct your review of the organization using the following approach: Evaluate the company's business strategy and global competitiveness plan. Conduct an internal assessment using SWOT analysis. Assess the external en..
|
|
Consumption of energy in millions of btu
: U.S. Energy Consumption From 1950 to 1970, per capita consumption of energy in millions of Btu can be modeled by f(x) = 0.25x2 - 975x + 950,845, where x is the year.
|