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Assignment 2: Inventory ManagementDue Week 8 and worth 300 points Research two (2) manufacturing or two (2) service companies that manage inventory and complete this assignment.Write a six to eight...

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Assignment 2: Inventory ManagementDue Week 8 and worth 300 points
Research two (2) manufacturing or two (2) service companies that manage inventory and complete this assignment.Write a six to eight (6-8) page paper in which you:
  1. Determine the types of inventories these companies currently manage and describe their essential inventory characteristics.
  2. Analyze how each of their goods and service design concepts are integrated.
  3. Evaluate the role their inventory plays in the company’s performance, operational efficiency, and customer satisfaction.
  4. Compare and contrast the four (4) different types of layouts found with each company; explain the importance of the layouts to the company’s manufacturing or service operations.
  5. Determine at least two (2) metrics to evaluate supply chain performance of the companies; suggest improvements to the design and operations of their supply chains based on those metrics.
  6. Suggest ways to improve the inventory management for each of the companies without affecting operations and the customer benefit package. Provide a rationale to support the suggestion.
  7. Use at least three (3) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources.
Your assignment must follow these formatting requirements:
  • Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
  • Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
The specific course learning outcomes associated with this assignment are:
  • Evaluate the processes used in designing and producing goods and services.
  • Determine four layout patterns and when they should be used.
  • Utilize the concept of supply chain management.
  • Employ the concept of capacity management.
  • Evaluate the management of inventories and resources.
  • Use technology and information resources to research issues in operations management.
  • Write clearly and concisely about operations management using proper writing mechanics.
Clickhereto view the grading rubric for this assignmen
Answered Same Day May 19, 2020 BUS430 Aspire2 International


Sangeeta answered on May 22 2020
137 Votes
To start with, the two service corporations, which manage inventory that would be considered for this paper, are Wal-Mart and Dollar General. Inventory basically refers to an asset held for future sale or usage. Inventory is regarded as a resource, which is managed through business institutions. The foremost inventory was recorded during the year 1601 (Cannella and Ciancimino, 2010). Inventory management takes in planning, controlling the acquisition, coordinating, storage, movement, handling, distribution and lastly, likely sale of raw materials, components, sub-assemblies, tools and supplies, replacement parts and lastly, other assets needed for meeting client needs and wants (Jacobs and Chase, 2007).. The chief purpose of the inventory is basically improving the outcome of manufacturing sector. Inventory could become liquid cash also and has significantly assisted corporations towards saving money (Jacobs and Chase, 2007)..
1. Determine the types of inventories these companies cu
ently manage and describe their essential inventory characteristics.
Dollar General makes use of four distinct kinds of inventories. They employ raw materials; work-in-process; repair, maintenance, finished goods and lastly, operating supply. Raw material refers to items, which suppliers provide to the outlet. Such items involve no labour added through the company obtaining such items. Work-in-process implies that the items are at diverse phases of being finished within the manufacturing procedure. Maintenance, operating supply and repair are required for accomplishing operation tasks (Cannella and Ciancimino, 2010). Moreover, the finished products involve items, which have been completed and are all set for entering the distribution network (Saxena, 2009).
Additionally, Wal-Mart is quite alike Dollar General with respect to the diverse kinds of inventories. They make use of finished products, work-in-process, raw materials and finally, supplies. Moving ahead, Wal-Mart and Dollar General both are similar with respect to the inventory traits. Both corporations hold the features of a SKU (stock-keeping unit), A SKU means that diverse items are stored at particular locations. For example, each item holds a different SKU. They also hold a trait of autonomous demand along with dependent demand. Independent demand implies towards the fact that the items don’t actually depend upon any other item for being forecasted. For instance, a computer is seen as being an autonomous product for the reason that there is nothing that corporations could depend upon, it’s a finished item (Cannella and Ciancimino, 2010). While Microchips involve dependent demand since they depend upon the computers for being used. In the absence of computers, the microchip would involve no use.
2. Analyze how each of their goods and service design concepts are integrated.
The framework for products and service design at both Wal-Mart and Dollar General involves six steps.
Steps 1 and 2 – Strategic Mission, Competitive Preferences and Analysis
Wal-Mart follows a slogan, which says people, saving, a better life and money. While, Dollar General, the cheap-chic corporation, asserts that its chief mission is making the company the prefe
ed shopping place for the buyers through providing exceptional value, incessant innovation as well as an outstanding customer experience through constantly satisfying its “Expect More and Pay Less
and promise".
Step 3 – Consumer Benefit Package
Both Wal-Mart and Dollar General offer a wide a
ay of products and services to the buyers. Wal-Mart lays emphasis upon price while Dollar General focuses upon both price as well as quality.
Step 4 – Produced Products Design and Process Selection and Service Delivery System Design
Both the companies aim at offering affordable products along with speedy and effective services. I hold good experience with both Wal-Mart as well as Dollar General and I believe that services at Dollar General are...

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