Homework
Research two manufacturing or two service companies , or Service company and manufacturing company, that manage inventory, and complete this homework
a. Determine the types of inventories these companies currently manage and describe their essential inventory characteristics.
b. Analyze how each of their goods and service design concepts are integrated.
c. Evaluate the role their inventory plays in the company's performance, operational efficiency, and customer satisfaction.
d. Compare and contrast the 2 to 4 different types of layouts found with each company; explain the importance of the layouts to the company's manufacturing or service operations.
e. Determine at least two metrics to evaluate supply chain performance of the companies; suggest improvements to the design and operations of their supply chains based on those metrics.
f. Suggest ways to improve the inventory management for each of the companies without affecting operations and the customer benefit package. Provide a rationale to support the suggestion.
Task
a. Topic Introduction
In the introduction section, introduce the companies you have selected. Also, provide background information about the companies.
b. Company inventory
Here you will identify the types of inventories these companies currently manage and describe their essential inventory characteristics.
c. Goods and Services Design Concept
In this paragraph make sure you analyze how each of their goods and service design concepts are integrated the companies' business strategy.
d. Inventory and Role in Performance
Provide detail by evaluating the role the inventory plays in the company's performance, operational efficiency, and customer satisfaction.
e. Layouts for Each Company
In this section, compare and contrast the 2 to 4 different types of layouts found with each company; explain the importance of the layouts to the company's manufacturing or service operations.
f. Metrics Used in Evaluating Performance
The expectation here is that you determine at least two metrics to evaluate supply chain performance of the companies; suggest improvements to the design and operations of their supply chains based on those metrics.
g. Improvements
Suggest ways to improve the inventory management for each of the companies without affecting operations and the customer benefit package. Provide a rationale to support the suggestion.
Format your homework according to the give formatting requirements:
a. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
b. The response also includes a cover page containing the title of the homework, the course title, the student's name, and the date. The cover page is not included in the required page length.
c. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.