Now Accepting Apple Pay

Apple Pay is the easiest and most secure way to pay on StudyMoose in Safari.

Main Aspects of Competitiveness and Inventory Management

Discussion-?competitiveness and Inventory Management 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.

Get quality help now
RhizMan
Verified writer

Proficient in: Inventory

4.9 (247)

“ Rhizman is absolutely amazing at what he does . I highly recommend him if you need an assignment done ”

+84 relevant experts are online
Hire writer

Apply PAP standards to citation of sources. By Saturday, June 28, 2014, post your response to the appropriate Discussion Area.

Similar topics:

Essay about Library

Cite this page

Main Aspects of Competitiveness and Inventory Management. (2020, Jun 01). Retrieved from http://studymoose.com/main-aspects-of-competitiveness-and-inventory-management-essay

👋 Hi! I’m your smart assistant Amy!

Don’t know where to start? Type your requirements and I’ll connect you to an academic expert within 3 minutes.

get help with your assignment