Reference no: EM132396351

This task is a portion of the inventory management plan that you have been developing for your company. Utilize your work from Weeks 1-3, incorporating feedback from your instructor and peers. Your inventory management plan should summarize the various components of the plan.

The plan will include the following components:

Redesign of inventory and supply chain management procedures

Growth plan for operations to address the expanding needs of the company

Standard operating procedures for inventory control to avoid losses

Part 2

There have been serious overstock and shortage issues in the last 18 months, resulting in lost customers.

You have been asked to put together a plan on the following:

How can the company better understand the customers' wants and needs?

How can this knowledge work within the constraints of the company's current systems?

Part 3

In Part 3 you will put together a plan to do the following:

Reduce lead time

Reduce stock-keeping units (SKUs)

Rank stock

Identify obsolete stock

Overall Your Phase 4 IP paper must be an executive-level assessment, strategy, and implementation plan for improving inventory procedures. You must address how this plan will positively impact the bottom line.

Your Phase 4 IP Key Assignment is a compilation of your work from Weeks 1-4 and you can use week 5 assignment.

Your plan should be 10-15 pages in length, not including title or reference pages.