As a regional manager in collaboration with other supply chain partners, which type of inventories would you classify according to the purpose the inventory serves within the supply chain?
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As a regional manager in collaboration with other supply chain partners, which type of inventories would you classify according to the purpose the inventory serves within the supply chain?
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- How might other companies (including services) use vendormanaged inventory in its supply chain design? Discuss theadvantages and disadvantages of VMI.As an element of supply chain management, inventory management includes aspects such as controlling and overseeing ordering inventory, storage of inventory, and controlling the amount of product for sale. With this regard,Discuss the approaches that can be implemented to minimise supply chaininventory.Delivery of goods from a supplier is in transit for 10 days. If annual demand is 5200 units, what is the average amount of inventory in transit?
- “Supply chain management has been a very vital tool in the competitive world of business, and this depends on the product and its supply chain. Managing inventory is a critical activity for the success of supply chain since inventory impacts the costs of goods sold as well as supports customer service”. Discuss the validity of this statementWhere is inventory located inside the supply chain ?Briefly and exactly explain how does the inventory management impacts the performance of the supply chain .
- Describe some of the ways that inventory can be reduced in the supply chain?Discuss the nature and role of inventory within the supply chain.In a multi-echelon supply chain, how can the Wilson approach be extended to optimize inventory levels at different stages of the supply chain? What challenges might arise in this context?
- Describe the supply chain for your university or college.Who are the suppliers, producers, and distributors in thissupply chain? Are there different supplier tiers? Howwould you evaluate this supply chain? Does inventory evenexist, and if it does, what form does it take?good day please help me with this question you are required to critique the strategic importance of procurement and inventory based on its purpose in the supply chain (safety/buffer stock and seasonal stock) in relation to Nestle.What is the significance of inventory management in the overall supply chain management? Research at least one company that is not Wal-Mart or IKEA that you believe is doing an excellent job at managing its inventory.
