13726Inventory Inventory is an area of business that impacts many other areas of business. As you can imagine, there is a role inventory contributes to strategic warehouse management. This assignment will assess your knowledge based on the following Outcome: MT437-1: Recognize the impact of inventory on warehouse management....
13725Describe the four levels of Supply Chain Information System (SCIS) functionality: transaction, management control, decision analysis, and strategic planning. Write a paragraph of at least three sentences about an organization you know well or have researched, aligned with response above. Write a paragraph of at least three...
13721Supply Chain Framework A significant focus of supply chain information technology, as highlighted in this chapter, is its role in mitigating risk and uncertainty by facilitating certification, ensuring quality, and monitoring performance across the supply chain. Please answer the following: What are the critical reasons why timely and...
13714Respond or elaborate on the discussion post below: Strategic Reserve or safety stock is the extra inventory that is held by an organization to ensure that consumer demand is met while accounting for supply chain disruptions, changes in market conditions, and operational delays (Bowersox et. al.,...
13713Respond or elaborate on the discussion post below: Maintaining a strategic reserve, or inventory buffer, means ensuring that a company has sufficient stock to manage fluctuations in demand and supply disruptions. It serves as a safeguard against uncertainties such as supplier delays, transportation issues, or unexpected...
13706Describe the four prime functions of inventory that necessitate inventory investment in a logistical system: geographical specialization, decoupling, balancing supply and demand, and buffering uncertainty. Write a paragraph of at least three sentences about an organization you know well or have researched, aligned with response above. Write...
13705Inventory is a key part of warehouse management. One aspect of inventory that has a daily operational impact is the idea of buffering, or strategic reserve. This Discussion has you consider this concept more closely. Please answer the following: What does it mean to ensure your company...
13693Respond or elaborate on the discussion post below: Distribution Network A distribution network can be thought of as the interconnected web of facilities and transport routes that move products from where they are made to where they are consumed. It goes beyond a simple chain and instead...
13692Respond or elaborate on the discussion post below: A distribution network in my world is a connected set of suppliers, distribution centers, stores, logistics, carriers, and doing my best to bring it all together into one cohesive flow. It is managed as a network, not as...
13683Respond or elaborate on the discussion response below: The risk equation is simple. Risk = Probability × Impact. This means the chance of something happening times the damage it could cause. If either the chance or the damage goes down, then the overall risk goes down...