We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy

Check Writers' Offers

What's Your Topic?

Hire a Professional Writer Now

The input space is limited by 250 symbols

What's Your Deadline?

Choose 3 Hours or More.
2/4 steps

How Many Pages?

3/4 steps

Sign Up and Get Writers' Offers

"You must agree to out terms of services and privacy policy"
Get Offer

Competitiveness and Inventory Management

Paper type: Essay
Pages: 2 (272 words)
Categories: Management
Downloads: 6
Views: 309

To 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.

Using the Argosy University online library resources and the Internet, research safety stock.

Then respond to the following:

•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?

Write your initial response in 200 to 300 words.

Apply APA standards to citation of sources.

By Saturday, June 28, 2014, post your response to the appropriate Discussion Area. Through Wednesday, July 2, 2014, review and comment on at least two peers’ responses. Consider the following in your response:

•Provide a statement of clarification or a point of view with rationale.

•Challenge a point of discussion or draw a relationship between one or more points of the discussion.

Cite this essay

Competitiveness and Inventory Management. (2016, Apr 10). Retrieved from https://studymoose.com/competitiveness-and-inventory-management-essay

How to Avoid Plagiarism
  • Use multiple resourses when assembling your essay
  • Use Plagiarism Checker to double check your essay
  • Get help from professional writers when not sure you can do it yourself
  • Do not copy and paste free to download essays
Get plagiarism free essay

Not Finding What You Need?

Search for essay samples now


Your Answer is very helpful for Us
Thank you a lot!