View the video “Supply Chain Inventory Management at Crayola” (available...

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View the video “Supply Chain Inventory Management at Crayola” (available athttps://www.youtube.com/watch?v=mOenrFH58Io ). Using the Crayola example, explain why process-level and supplier-level considerations are important in the development of effective inventory management. Specifically, respond to the following questions on one page:What impacts do process and supplier levels have on supply chain management and operations costs?How does inventory management relate to implementation of the just-in-time (JIT) strategy and lean systems?How might these inventory management control methods benefit the company you are researching for the final project?

Kuldeep · Accepted Answer

Running head: Supply Chain Inventory Management at Crayola
Supply Chain Inventory Management at Crayola
Supply Chain Inventory Management at Crayola
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Solution 2	3
Solution 3	4
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Solution 1
In management, goods and services flow from the starting point to the end of consumption. There are various steps involved in the storage of materials and process inventory in this process. Crayola hopes that its suppliers will be able to provide complete, accurate and punctual products within specifications. In terms of cost management, suppliers should measure according to the overall cost stability and continuous improvement process such as lean, 5S/5M, 6 Sigma and any ISO certification, etc. (Sharifi, Chauhan & Bhuiyan, 2012). With regard to innovation, suppliers will evaluate based on the number of new ideas they generate. These ideas may be innovative new products, raw materials or processes. Together with appropriate procurement representatives, we expect our suppliers to actively seek Crayola's marketing,

View the video “Supply Chain Inventory Management at Crayola” (available athttps://www.youtube.com/watch?v=mOenrFH58Io ). Using the Crayola example, explain why process-level and supplier-level...

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