Competitiveness and Inventory Management
Assignment 1: Discussion—Competitiveness and Inventory Management
We Write Essays For Students
Tell us about your assignment and we will find the best writer for your paper
Write My Essay For MeTo be competitive, many fast-food chains expanded their menus to include a wider range of foods. Although contributing to competitiveness, this has added to the complexity of operations, including inventory management. In what ways did the expansion of menu offerings create a problem for inventory management? One form of inventory is safety stock, which is primarily carried by companies to ensure a variety of products is available at all times. However, safety stock ties up capital and hinders cash flow.
- As a manager, what recommendations could you provide to reduce inventories as it relates to safety stock?
- What parameters would lead you to believe that (a) large safety stock, (b) small safety stock, and (c) zero safety stock would be advantageous for the organization? Be sure to provide examples and data in support.
After your initial post, discuss the following:
- What are some of the ways in which a company can reduce the need for inventories?
- How has technology aided inventory management?
- How have technological improvements in products such as automobiles and computers impacted inventory decisions?
Follow this link to get a similar paper written from scratch
ORDER A SIMILAR ESSAY WRITTEN FROM SCRATCH
Save time and money with our essay writers for hire. If you are in search of a dependable academic support provider that offers more than just typical writing services, you have come to the right place. As a cost-effective essay writing service, we not only assist you in crafting outstanding papers but also provide complimentary features.