Discussion and short draft report

Discussion Questions:

1. Identify an example of inventory in you own life. Estimate how much it costs you to hold this inventory. Estimate the ‘ordering costs’. How often do you replenish this inventory and which of the inventory policies does this most closely resemble?

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4. Provide an example of ABC classification in a business you are familiar with. What would be the A inventory items versus B and C? What ordering policies would you use for each of these?

5 . Identify an example of VMI. Explain the benefits to both the vendor and retailer. Identify some of the risks for both parties.

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Supply Chain Project Module 9: Inventory Management

Submit a draft report including at least, the following topics for your company: Nike

Discuss your company’s inventory method- ABC, EOQ, JIT, etc.
Types of inventory carried
Ordering policies
Inventory software management system used.
Inventory flow
Inventory warehouse facilities –discuss the logic of these locations
Does your company contract with suppliers for Vendor or Supply Managed Inventory services? If so, what type of products?
How does your company measure inventory efficiency and performance? What metric(s) are used? Inventory turnover? Defective and or scrap material
How are defective and scrap materials handling in the inventory process?
What does and how your company need to improve to better manage their inventory?

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