Inventory management in manufacturing organizations

Assignment Help Operation Management
Reference no: EM131008544 , Length:

Project Task

Choose one topic from the list above. You have to respect the working guidelines given below and the submission date.

Working Guidelines for Project

A. Project Structure:

It is recommended that your project report have the following structure in the order provided here.

1. Title page

The students' details should be filled in the cover letter provided.

2. Abstract / Executive Summary

The Abstract consists of the project title and about half a page concise summary containing the scope and results of your study.

3. Table of Contents

Table of contents should contain titles and page numbers for the main sections and subsections of your report. The table of contents should also include entries for any appendices in your report.

4. Report Body

This is the central and main part of the project which contains the actual work done during the project. The main requirement is that you need to structure the report so that it is clear and structured in a way that makes sense. Grammar and spellings count.

5. Conclusions

The project's conclusions should list the things which have been learnt as a result of the work you have done.

6. References

You are responsible for appropriately citing material and methods that you use. Give references for the data collected from a text book, a magazine or a website identifying its sources while using the appropriate form. In the references section, references should be in a numbered list, ordered alphabetically by the last name of the first author.

Students are required to submit the report in soft copy.

List of topics

Topic 1: Inventory Management

Inventory management is one of the crucial elements of supply chain management in an organization. The organizations need to have effective process, tools, techniques and quality measures in place to effectively manage the inventory level and optimize cost. The inventory management has lots of challenges and it requires proper planning and execution of adopted processes and technologies to manage it in an efficient way. Suggestions for operations dissertations on inventory management are:

• Inventory management is the backbone of supply chain management: True or False?

• The influence of information technology in inventory management.

• Inventory management in manufacturing organizations.

• Inventory management in retail: a case study on any company of your choice.

• Inventory management for e-commerce.

Topic 2: Logistics

Logistics is the management of the flow of goods, information and other resources, including energy and people, between the point of origin and the point of consumption in order to meet the requirements of consumers (frequently, and originally, military organizations). Logistics involves the integration of information, transportation, inventory, warehousing, material-handling, and packaging. Logistics topics for your operations dissertation could include:

• Transport and logistics: a look inside.

• Logistics management - Evaluation of the logistics operations carried out within manufacturing organizations

• Impact of information technology on logistic industry.

• Principles of logistic management: an evaluation in a practical environment.

• Value chain strategy of the logistic industry.

Verified Expert

This report has been prepared according to the Harvard style and is aimed at discussing one of the most important activities in operations management - inventory management. The report gives detailed information on the process of inventory management, its advantages, objectives, and limitations. It discusses the role of information technology in inventory management and the importance of inventory management in supply chain management. The report then discusses the inventory management model of Walmart and the importance of inventory management for e-commerce business organisations.

Reference no: EM131008544

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