To be competitive, many fast-food chains expanded their menus to include a wider range of foods. Although contributing to competitiveness, this has added to the complexity of operations, including inventory management. In what ways did the expansion of menu offerings create a problem for inventory management? One form of inventory is safety stock, which is primarily carried by companies to ensure a variety of products is available at all times. However, safety stock ties up capital and hinders cash flow.
Using the Argosy University online library resources and the Internet, research safety stock.
Then respond to the following:
•As a manager, what recommendations could you provide to reduce inventories as it relates to safety stock? •What parameters would lead you to believe that (a) large safety stock, (b) small safety stock, and (c) zero safety stock would be advantageous for the organization? Be sure to provide examples and data in support.
After your initial post, discuss the following:
•What are some of the ways in which a company can reduce the need for inventories?
•How has technology aided inventory management?
•How have technological improvements in products such as automobiles and computers impacted inventory decisions?
Write your initial response in 200 to 300 words. Apply APA standards to citation of sources.
The Essay on Stock and Inventory Management Practices
Intuiting The researcher become totally immersed in the phenomenon into the lived experiences of the clients with regard to the inventory and supply management system of convenience store. The researcher has come to know about the phenomenon as described by the participants through the use of in depth interview. The researchers will avoid giving their criticism, evaluation or opinion and pays ...
By Saturday, June 28, 2014, post your response to the appropriate Discussion Area. Through Wednesday, July 2, 2014, review and comment on at least two peers’ responses. Consider the following in your response:
•Provide a statement of clarification or a point of view with rationale.
•Challenge a point of discussion or draw a relationship between one or more points of the discussion.
