Traditional inventory management methods

Assignment Help Operation Management
Reference no: EM132745527

Think about the transition from traditional inventory management methods to a just-in-time process. Using the readings, the presentation and the examples provided at the end of the lecture, how would you go about managing that transition? What contingencies would you plan for? How might you mitigate those contingencies? How would you handle the cultural shift within the operation? Please include references in at least your initial response.

If you have actually encountered this kind of change in your work experience, tell us what happened, what went right and what went wrong. If your company (or your experience) includes just in time inventory, tell us what works and what doesn't. If you have neither, tell us about a time you wanted a product or service and you were told it was unavailable. What was the solution/mitigation?

Reference no: EM132745527

Questions Cloud

Competency models related to job analysis : Explain what competencies are and why they are popular in training departments. How are competency models related to job analysis?
Explain the impact of the issue on your assessment : The audit client has been involved in a dispute with the regulators over choice of accounting methods and disclosure practices. Explain the impact of this issue
Prepare an income statement in comparative form : Prepare an income statement in comparative form, stating each item for both years as a percent of sales. Round to the nearest whole percentage
Short term and long term effects of covid-19 : Discuss some of the short term and long term effects of COVID-19 on business organizations in Bahrain.
Traditional inventory management methods : Think about the transition from traditional inventory management methods to a just-in-time process.
Determine the payback period of the incremental investment : Wendy Li decided to purchase a new Honda Civic. Being concerned about environmental issues she is leaning toward a Honda Civic Hybrid rather than the completely
Determine for both companies the number of days sales : Determine for both companies (2) the number of days' sales in inventory. Interpret the inventory ratios in the context of both companies' operating strategies
Evaluate yourself using the three indices of creativity : Evaluate yourself using the three indices of creativity. What strategies can you use to enhance your creativity?
Organization production function : How your organization's production function is related to its marginal product of labor. How organization's marginal product is related to its demand for labor

Reviews

Write a Review

Operation Management Questions & Answers

  Provide to new employee to maintain positive culture

What guidance would you provide to a new employee to maintain a positive culture?

  Customer-defined window of time

Question 1: You are designing a grocery delivery business. Via the internet, your company will offer staples and frozen foods in a large metropolitan area and then deliver them within a customer-defined window of time.

  Explain what bounded rationality

Explain what Bounded Rationality is. Then discuss how this concept can affect the decision situation in SLP 1. Also discuss how this concept can affect the data analysis in Case 1. Explain your logic for both of your arguments. Are there any similari..

  Design effective and creative marketing communication

Design an effective and creative marketing communication (print advertisement) of your own,

  What are the potential influences of the corporate culture

What are the potential effects of this selected structure on employee behavior. Identify characteristics of the company's culture. What are the potential influences of the corporate culture on employee behavior

  Communicating value to customers

As the manager of user experience for a large Internet service provider, Gina spends a lot of her time trying to figure out how best to communicate the value of the technology enhancement services that the firm provides. For this reason, Gina been as..

  Describe the use of unions in the past-present and future

Describe the use of unions in the past , present and future. do you think the purpose union serve has change/evolved over the past years?

  Historical resident trends and current strategic plan

The summary needs to explain how the following will used in your team's marketing plan. The company's historical resident trends and current strategic plan

  Major risks of using international strategy

Discuss the two major risks of using international strategy. These risks are complexities and limits.

  Explain how attitudes vary across cultures

Define personality and explain how personality differences affect individual behavior. Explain how attitudes vary across cultures. Explain how attitudes and perception can affect each other.

  What is your evidence for the importance of these forces

What are the most important of the five industry forces affecting the industry and the company and what is their effect (high-moderate-low)? What is your evidence for the importance of these forces? Is the industry attractive for new entrants AN..

  What was your goal with the team

What was your goal with the team

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd