RTMG 201 Retail Inventory Management Homework- American Military University
Strategic sourcing is important in business today. Outsourcing is an important way to re-duce cost while improving the strategic focus of a firm. Many companies have enjoyed significant success because of the unique ways in which they work with their suppliers. Companies that face diverse sourcing, production, and distribution decisions need to weigh the costs associated with materials, transportation, production, warehousing, and distribution to develop a comprehensive network designed to minimize costs and preserve the environments.
Instructions:
For this homework, you will need to write a 3 page minimum essay (minimum does not include cover page or reference page) about the following:
• Select one retail organization that utilizes outsourcing (other than Wal-Mart!)
• Investigate and discuss how the company uses outsourcing in their inventory system.
• Discuss the positives and negatives of outsourcing in the inventory supply chain system for the company you selected. (Must use academic research to support your argument!)
• Identify any steps the company could make to improve upon their inventory supply chain? Explain in detail.
Format your homework according to the following formatting requirements:
(1) The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
(2) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
(3) Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.