Balancing Customer

Balancing Customer

Overall paper must be an executive-level assessment, strategy, and implementation plan for improving inventory procedures. You must address how this plan will positively impact the bottom line.

3-4 pages not including title and reference pages. APA format w/ in-text citations.

Please reference attached documents to assist with completion of below assignment.

Part 1

This task is a portion of the inventory management plan that you have been developing for your company. Utilize your work from Weeks 1–3. Your inventory management plan should summarize the various components of the plan.

The plan will include the following components:

  • Redesign of inventory and supply chain management procedures
  • Growth plan for operations to address the expanding needs of the company
  • Standard operating procedures for inventory control to avoid losses

Part 2

There have been serious overstock and shortage issues in the last 18 months, resulting in lost customers.

You have been asked to put together a plan on the following:

  • How can the company better understand the customers’ wants and needs?
  • How can this knowledge work within the constraints of the company’s current systems?

Part 3

In Part 3 you will put together a plan to do the following:

  • Reduce lead time
  • Reduce stock-keeping units (SKUs)
  • Rank stock
  • Identify obsolete stock
 
Please jus reference the attached materials when completing this portion of the assignment.
Solution Preview

Part One

A redesign of inventory or a supply chain design is not a project that can be undertaken lightly, because if it not carefully planned it can easily be deferred and this eventually pushes the company back to where it was with bigger losses (Bragg, Stone & Geersdaele, 2019). This complex and additionally time consuming process involves a number of procedures that need to be followed keenly and in reference to the economic situation that is affecting the market to ensure that it brings about positive change. In the implementation of a supply chain redesign the one notable thing is that one can never be sure of the obstacles and benefits that can be uncovered and thus the budget should not be limiting and that is why its completion is necessary once it has started

Supply management redesign should be conducted with a particular plan.

(1,728 words)
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