Create a 10-15 pages excluding title and reference pages
Key Assignment
Parts 1 and 2
This task is a portion of the inventory management plan that you have been developing for your company. Utilize your work from Weeks 1-4, incorporating feedback from your instructor and peers. Your inventory management plan should summarize the various components of the plan.
The plan will include the following components:
• Redesign of inventory and supply chain management procedures
• Growth plan for operations to address the expanding needs of the company
• Standard operating procedures for inventory control to avoid losses
• How the company can better understand the customers' wants and needs and utilize this knowledge within the constraints of the company's current systems
Part 3
For the final component of your Key Assignment in Week 5, you will put together a plan to do the following:
• Reduce lead time
• Reduce stock-keeping units (SKUs)
• Rank stock
• Identify obsolete stock
Your final paper should be an executive-level assessment, strategy, and implementation plan for improving inventory procedures. You should address how this plan will positively impact the bottom line.