Managing Inventory

Question 1

3-5 Pages not including Title or Reference Pages. APA Format. At least 3 References with in-text citations.

• Week 4: Managing Inventory
  • Describe how a firm would establish reordering levels.
    • Include consumption-based ordering.
    • Include how firms use inventory turns.
  • How would the firm establish safety, buffer, and seasonal stock standards?
  • How do obsolescence and disposition of excess affect the firm’s profitability?
• Week 4: Monitoring Supplier Ordering and Lead Times
  • What approaches are best for collaborating with suppliers concerning their ordering and process lead times?
  • How would you advise managing supplier performance?
  • What metrics could a supplier provide to show performance?Attaching weeks 1-3 as a reference for this assignment.

Question 2

This signature assignment is designed to align with specific program student learning outcomes in your program. Program Student Learning Outcomes are broad statements that describe what students should know and be able to do upon completion of their degree. The signature assignments may be graded with an automated rubric that allows the University to collect data that can be aggregated across a location or college/school and used for program improvements.

Resource: “The Research: Linking Purchasing and Logistics Integration (PLi) to Improved Functional and Financial Performance”, located in Achieving Supply Chain Integration, Ch. 5 (page 99).

Review the research tables and best practices.

Apply the four best practices to your industry, or one of your choice.

Write a 750- to 1,050-word summary suggesting improvements in financial and functional performance based on the four best practices.

Format your paper consistent with APA guidelines.