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Identify the supply and demand components of inventory

Assignment Help Operation Management
Reference no: EM131889034

This discussion addresses the following Module Outcome:

Assess multistep processes utilizing a variety of parameters such as bottleneck, capacity, utilization, flow rate, rework, and cycle time. (CO1, CO4)

DISCUSSION PROMPT

For this discussion, you will assume the role of a consultant who has been hired to conduct a value stream analysis. You will select a business process and develop a process flow diagram. You will upload your process flow diagram so your instructor and peers can review it and then answer questions about the process you selected.

TASKS

Select a business process and develop a process flow diagram.

Upload your process flow diagram so your instructor and peers can review it.

Answer the following questions about the process you selected: ?What are some of the questions (no more than three) you would ask the process owner?

Why would you ask those questions?

Identify the supply and demand components of inventory and explain how the levels of each may change during a routine operating cycle (say a business day or month). For example, if you select Subway and their sandwich making, your demand is a hungry consumer while your supply is your ingredients such as fresh bread and your operating cycle is one day, with variation around typical lunch and dinner hours.

How would your inventory change if you moved your business to another country or area of operations (select a specific area you would move the operations to)?

.When responding to at least two classmates, consider their process flow diagram.

Did they leave any steps out or would you recommend changing the order of the steps (maybe do two steps in parallel vice series)? Explain.

Also, comment on their new location and how they feel the inventory would change. Explain why you agree or disagree.

Verified Expert

The assignment is about choosing the business and explain the business process of the business through the use of the diagram viz flow chart. The same has been beautifully done. Further, the various factors as per the questions given have been discussed. the assignment is therefore complete. There is no requirement of references.

Reference no: EM131889034

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