Preview

The Privileged Fly

Satisfactory Essays
Open Document
Open Document
830 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
The Privileged Fly
Management 362 (online)
The Privileged Fly
September 01, 2012
Joan Glass the supply manager has to change to the new way that world-class organizations use the five value- adding outputs of proactive procurement to be able to determine what actions to she needs to take. She has to use make sure the materials she purchases are quality products for the inventory. She has to work to reduce the total cost to acquiring and to move the products. She is going to have to use her time wisely to use the outside suppliers to get her the inventory that is needed. She is going to have to use technology to keep a current record of the inventory on hand and what is going to be needed in the future. She also needs to build strong ties with several different suppliers to be able to call on the other supplier if the other supplier falls short on being able to keep her supply from being disrupted.
Q1. The upper top is going to have to decide on an amount of inventory that would be able to cut cost down but, not to put the amount of inventory to be so short that the rest of the team doesn’t have the materials to be able to finish their orders without creating a conflict with the finance department and not to tie up unnecessarily amount of money in the inventory. If they don’t decide on an amount to keep the stock it is going to keep costing the company on the receiving side of the inventory and increase cost to supply to the customers. The production manager that complaints about being out of stock of any item will not hold water if the supply manager is keeping the inventory at the levels that the upper management have decided on to keep on hand. If they use a keep a reasonable amount of inventory this will cut down on out of stock items, shutdowns, shipping costs, and the fights between the departments. If the inventory then fails to meet the needs of the other departments it can be blamed on the faulty policies of the upper management.
Q2. Some of the factors that

You May Also Find These Documents Helpful

  • Powerful Essays

    The purpose of this group assignment is to collaborate as a team to compare different inventory systems and describe the advantage and disadvantages of each system in comparison to the others. Management of inventory is important to any business that wants to succeed. Companies purchase inventory systems to help manage the inventory of an organization. Team A reviewed the following companies and their inventory management programs: Best Buy, , and . This Inventory System Summary includes a description of the chosen companies and their inventory systems, and a comparison describing the advantages and disadvantages of each system. Best Buy…

    • 2054 Words
    • 59 Pages
    Powerful Essays
  • Good Essays

    The principal role of inventory management systems is to ensure that stores are adequately stocked. Companies use various methods to track and report inventory. Retail companies are perhaps the best entities to examine when attempting to understand inventory management systems. The type of inventory a company has determines the method they use. Retail companies use the retail inventory method as a base system. Last-in-First-Out (LIFO) and First-in-First-Out (FIFO) are the two systems that appear to be used more frequently. Other systems used are the Just in Time or JIT method and the Average Cost method. The following paragraphs will describe different companies and the type or types of inventory systems they use. Also the advantages and disadvantages of their systems are discussed.…

    • 1893 Words
    • 8 Pages
    Good Essays
  • Good Essays

    There are several strategies that a company can use to maintain optimal inventory levels while ensuring that customer’s needs are met. There are many strategies like determining inventory levels, just-in-time inventory processes, improve data collection strategies, reduce lead times, increase production…

    • 839 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    John Deere Case Study

    • 586 Words
    • 5 Pages

    a) There are a number of risks and benefits to holding inventory. The benefits of holding inventory are avoiding lost sales due to backordered goods. Quantity discounts can also be had from ordering inventory in large quantities. The costs of placing orders are reduced, because fewer orders will need to be made. Production runs are more efficient when running large quantities when compared to smaller quantities. There is also less risk in production shortages.…

    • 586 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    Tying up too much capital in products that are not in demand could be a fatal mistake for struggling small businesses. Moreover, Inventory management can mean the difference between success and failure for some companies. According to the New York Times article, Macy’s was able to post a profit last quarter thanks in large part to improvements it made to its inventory management system. In spite of the unstable economic conditions and the huge competition in the market such as J.C Penny and Kohl’s, Macy’s was able to get market share and raise their profit. In this paper, I will be briefly discussing the inventory management history at Macy’s and how the changes in inventory management helped the firm to maximize value, sales and minimize costs.…

    • 1714 Words
    • 7 Pages
    Powerful Essays
  • Better Essays

    Cameron Balloons

    • 2343 Words
    • 10 Pages

    Effective inventory management is important to the operations department which holds the responsibility to control the firm 's inventories. And this control of inventories must be through the value chain which includes the suppliers, the company, distribution centers and the customers.…

    • 2343 Words
    • 10 Pages
    Better Essays
  • Powerful Essays

    Katja Ruth and Constantine Moros sat facing each other in the empty conference room. Covering the table between them were the latest operational and financial figures from the supply chain optimization pilot Hugo Boss had been running in its global bodywear and hosiery Division.1 Ruth, the director of the division, agreed with Moros, the division’s head of operations and procurement, that the pilot had been a success—better product availability and lower inventory to sales ratios had been observed for the stock-keeping-units (SKUs) involved in it—but was not convinced that expansion of the initiative beyond those SKUs would enjoy the same success. With Hugo Boss’s chief operations officer expecting her assessment in a few days, she and Moros had a lot of work to do. They needed not only to precisely quantify the pilot’s financial impact, but also to determine whether the initiative should be rolled out to other products and, if so, which ones.…

    • 5193 Words
    • 21 Pages
    Powerful Essays
  • Better Essays

    Realco Breadmaster Company

    • 1027 Words
    • 5 Pages

    Inventory is the stock of items used to support production, supporting activities and customer service. It is the “bread and butter” that keeps manufacturing firms in business, and is a critical resource in the supply chain. Inventory can be manually managed so that different business conditions can have less of a negative impact on the operations, and give support to the efficient running of supply chains. There are also many tools that companies use to manage production, such as the master scheduling, the material requirements planning (MRP), job sequencing, and distribution requirements planning (DRP). Now with all that said, let us now begin the review and analyze the first case study about the Realco Breadmaster Company.…

    • 1027 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Harley Davidson is one of the oldest and one of the iconic motorcycle manufacturing companies of this era. Harley Davidson has a niche market, it manufactures motorcycles for customers who love cursing highways. Harley Davidson is the last surviving motorcycle company since the great depression. It was in the year 1901, Milwaukee when William Harley and his childhood friend Arthur Davison started to work towards making motor-cycles and in the year 1903 with the help of Arthur’s brother Walter Davidson they successfully developed single cylinder motorcycle. In 1910 the designed their famous “Bar and Shield” logo. It became the largest manufacturer of motorcycles globally in 1920. The company went through many major changes like design of cycles, working ways and manufacturing. The company rose to become a leader and a brand name recognized globally with domination in heavy weight motorcycles.…

    • 2039 Words
    • 9 Pages
    Powerful Essays
  • Better Essays

    Inventory management has two very different, but effective methods: Vendor managed inventory, and consignment inventory. A company may choose to utilize either of these two methods to manage inventory. If a company is able to manage inventory, they will be better able to work the company's capital to the fullest extent. The following paper will identify the differences between the two as well as identify what type of company is best suited for each method.…

    • 1966 Words
    • 7 Pages
    Better Essays
  • Satisfactory Essays

    The Fly

    • 324 Words
    • 2 Pages

    In Reading 080 I have learned a lot about reading. I feel that I have become a stronger reader and the experience has definitely touched up on my reading skills. The book we read in this class “Gonzalez and Daughter Trucking co” has definitely made me more interested in reading. I did find this book very interesting. In a way, it opened up the different kinds of cultures. I found it very fascinating learning in this book a little what it was like in Mexico and all the difficulties Libertad, her father and friends have been through. Everyone has a story and I think, in a way, everyone should be able to share it with people. I liked learning facts about what people have been through and how they manage to make it. Taking reading 080 has helped me with the basics of reading. I have learned to pay close attention to the little details that a writer puts into his/her work. Even looking at the pictures or little side comments really helps me and my understanding as in where the author is coming from. The workbook has helped me to pay more attention in a reading material and to know the true purpose for reading those articles. Reading different stories and articles in class gave me a lot of information. Whether I was reading about politics or everyday events, I didn’t realize at the time but it was very educational. The most interesting reading was about our history and all the different places it can take you. I think that I have accomplished many things in this course. I know that my reading skills are much better and it made me want to read more. Which I think is a miracle. I definitely think that I have a way to go on improvement. I do believe that there is always room for improvement and this is just the…

    • 324 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Organisation Background: The firm was a leading consumer products company dealing in cosmetics and personal care products with its head office located overseas. The company had a supply chain network of 3 factories with bonded stock rooms (BSR) attached for despatch to the depots and 35 depots for servicing distributors. Goods move from the factory to the BSR. BSR despatches stocks to Mother CFAs (depot). Other depots receive stocks from the Mother depot and sell them to distributors. Key Concerns for the Company: 1. To reduce inventory level at the BSR and depots. 2. To improve inventory accuracy at stocking points including both BSRs and depots 3. To identify the damaged stocks across the chain and initiate action in a timely manner…

    • 1144 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    Garden.Com Case Study

    • 2515 Words
    • 11 Pages

    Garden.com’s business model is based upon its virtual supply chain which provides customers with a convenient location for one-stop shopping. Garden.com’s supply chain includes four different actors: Suppliers, retailer (Garden.com itself), end-customers and Fedex. The company fulfils the function of a facilitator that acts as a bridge connecting suppliers and end-customers. With regard to the design of Garden.com’s supply chain, two different kinds of structures can be distinguished. These will be presented in the following.…

    • 2515 Words
    • 11 Pages
    Powerful Essays
  • Good Essays

    The Fly

    • 919 Words
    • 4 Pages

    First impressions of the story: A meeting between a boss and an employee. They talk about old times meaning that they have known each other for quite some time. The conversation was a distraction on reality. The first impressions of the story may trail your reference to the word fly, for example minority. A second meaning for this could be the result of power taking over others.…

    • 919 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Foreign and Local Studies

    • 3826 Words
    • 16 Pages

    [2] "Inventory", to many small business owners is one of the more visible and tangible aspects of doing business. Raw materials, goods in process and finished goods all represent various forms of inventory. Each type represents money tied up until the inventory leaves the company as purchased products. Likewise, merchandise stocks in a retail store contribute to profits only when their sale puts money into the cash register. In a literal sense, inventory refers to stocks of anything necessary to do business. These stocks represent a large portion of the business investment and must be well managed in order to maximize profits. In fact, many small businesses cannot absorb the types of losses arising from poor inventory management. Unless inventories are controlled, they are unreliable, inefficient and costly. Successful inventory management involves balancing the costs of inventory with the benefits of inventory. Many small business owners fail to appreciate fully the true costs of carrying inventory, which include not only direct costs of storage,…

    • 3826 Words
    • 16 Pages
    Powerful Essays