discussion question 3504
Topic:
discussion question 3504
Paper details:
In your reading this week and in your assignment problems, you calculate measures of inventory, turns, days in supply, and average inventory. In a simple sort of way, it would make sense that you would be sure to hold enough inventory so that you would never run out- to avoid having customers not being satisfied. In previous chapters, we have examined how inventory builds up between different processes and resources, ensuring things run smoothly at the activity and no labor is wasted. In systems where items are purchased, there are similar measures to ensure that inventory is there when it is needed.
However, the more inventory you hold, the more issues that potentially affect your firm.
Here are three examples of inventory failures:
Best Buy.pdf
Walmart.pdf
Nike.pdf
( I uploaded these three pdf files)
POST: Quickly review the 1 page thumbnail sketches of these three company that illustrate inventory and supply chain failures and issues. From the list of Inventory Holding Costs from your reading in section 10.4.2 on page 309 ( I uploaded 2 picture of the section) , POST two (2) different examples from the articles that illustrates clearly one of the four holding costs listed in the reading.
