Redesign of inventory and supply chain management procedures


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.

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Supply Chain Management: Redesign of inventory and supply chain management procedures
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