Inventory Modules
Logistics & Transport
- Inventory -
Task 1.1
Itemise some of the inventory held by the following operations:
Hotel:
Food and beverages, bed sheets, toiletries, cleaning equipment
Hospital:
Syringes, overalls, bed sheets
Retail Store:
Clothing, food, drinks
Task 1.2
Using the above illustration, what do you consider to be the aim of the inventory management? Are there any conflicts likely to occur for inventory control?
I consider the aim of the inventory management is maintaining an acceptable level of physical inventory and often centres around managing warehouse inventory. Conflicts likely to occur within the inventory control could be issues such as overstocking items or complete stock outs.
Task 1.3
Find out if your organisation uses the logistics approach in managing its operations. To what extent does this approach give your organisation some competitive advantage and explain what you think about this.
The organisation I work for relies largely on its approach to logistics in managing operations. With the headquarters of the organisation (which holds the majority of the inventory and a large fleet of delivery vehicles) being situated on the outskirts of London, gives us great geographical positioning within a close proximity of customers. This allows rapid despatch of goods which is essential to keeping customers satisfied. Delivery vehicles along with high demand inventory are also kept at various warehouses across the country. This allows for quicker delivery times and is more cost effective for the organisation as it reduces fuel and employment costs. All of this gives us a competitive advantage as customers not only wants quality goods but they rely upon a quick and predictable delivery service. Being situated in key locations across the country close to are customers with a large fleet of delivery vehicles provides the customer with there requirements.
Task 1.5
Explain what is de-coupling
- Inventory -
Task 1.1
Itemise some of the inventory held by the following operations:
Hotel:
Food and beverages, bed sheets, toiletries, cleaning equipment
Hospital:
Syringes, overalls, bed sheets
Retail Store:
Clothing, food, drinks
Task 1.2
Using the above illustration, what do you consider to be the aim of the inventory management? Are there any conflicts likely to occur for inventory control?
I consider the aim of the inventory management is maintaining an acceptable level of physical inventory and often centres around managing warehouse inventory. Conflicts likely to occur within the inventory control could be issues such as overstocking items or complete stock outs.
Task 1.3
Find out if your organisation uses the logistics approach in managing its operations. To what extent does this approach give your organisation some competitive advantage and explain what you think about this.
The organisation I work for relies largely on its approach to logistics in managing operations. With the headquarters of the organisation (which holds the majority of the inventory and a large fleet of delivery vehicles) being situated on the outskirts of London, gives us great geographical positioning within a close proximity of customers. This allows rapid despatch of goods which is essential to keeping customers satisfied. Delivery vehicles along with high demand inventory are also kept at various warehouses across the country. This allows for quicker delivery times and is more cost effective for the organisation as it reduces fuel and employment costs. All of this gives us a competitive advantage as customers not only wants quality goods but they rely upon a quick and predictable delivery service. Being situated in key locations across the country close to are customers with a large fleet of delivery vehicles provides the customer with there requirements.
Task 1.5
Explain what is de-coupling