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Part A:Inventory Decision Making Interactive Experience Part B:Logistics and Process Improvement Interactive Experience

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Part A:Inventory Decision Making Interactive Experience




Part B:Logistics and Process Improvement Interactive Experience
Answered Same Day May 15, 2023

Solution

Shubham answered on May 15 2023
16 Votes
Question 1
Receiving the email from supplier regarding delay in delivery requires analysis of situation and determining the best course of action. This will include checking if there are any possibility for workarounds to speed up the production process. This ensures that it will not affect the product quality. This requires evaluation of the inventory levels and adjustment of the production plan accordingly for avoiding overstocking (Media.capella.edu, 2023). The budget information and approval before submission of the purchase order for ingredients is required. The financial team is concerned about the cost of the second purchase order and this is crucial for aligning the production plan. This shows availability of budget to avoid any financial constraints. The second purchase order include advising the marketing team for considering the potential demand for the product that is required for placing the order. The high probability may include demand surge and it includes ordering extracting for taking wise decision. This can help in avoiding over-ordering and causing excess inventory that can be wasted. It aims for striking the balance between meeting the production timeline and managing inventory levels efficiently.
Question 2
It is important to wait for the budget information and approval before submitting the purchase order for ingredients. This is important for have a clear understanding of the financial implications for describing the purchase....
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