Inventory requires you to use the skills gained in Module/Week 7 to create an inventory management...

Question

Inventory requires you to use the skills gained in Module/Week 7 to create an inventory management plan for a sport or entertainment organization.

Please select a retail location for a professional sports team, college athletic department, church, summer camp, or a Christian-based sport or recreation-related organization to serve as the basis for your plan. Specifically, in approximately 500 words, please answer the following questions:

1. Please provide the name of the retail location and select one product to specifically analyze for your plan.

2. Please explain how you propose to manage inventory by proposing the turnover rate considered acceptable for your organization (based on expected revenue and expenses to be determined by you). Please select a turnover rate and explain how it was calculated.

3. How many days' worth of inventory will you carry?

4. Where will the inventory be stored?

Submit your Written Assignment 7: Inventory, FINAL draft here by 11:59 p.m. (ET) on Sunday.

David · Accepted Answer

For this assessment we have chosen the college sports department which need to maintain a 
decent inventory so that people are not upset about the facility. The concept of inventory health 
measurement approaches inventory management from the perspective of inventory coverage 
based on projected material usage value (versus unit requirements). When supply chain leaders 
have detailed visibility into inventories' forward-looking coverage, and they have set target 
ranges for the inventory positioning, they can take necessary actions to adjust the inventories 
exactly where corrections are needed.  
There seems to be a level of constant pressure to "optimize" inventories, and, more often than 
not, it translates into a need to reduce inventories. The problem that the supply chain leaders 
often struggle with is that the definition of what the right inventory levels should be is usually 
quite elusive. Without a clear goal, it feels like it is never right.

Inventory requires you to use the skills gained in Module/Week 7 to create an inventory management plan for a sport or entertainment organization. Please select a retail location for a professional...

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