docx 2.docx - THE BIG D COMPANY 1 What specific action should the company take in the area of inventory control Support your proposal with an analysis

docx 2.docx - THE BIG D COMPANY 1 What specific action...

This preview shows page 1 - 2 out of 2 pages.

THE BIG D COMPANY 1. What specific action should the company take in the area of inventory control? Support your proposal with an analysis of its strengths and weaknesses. The company should take, in the area of inventory control, the position to forecast the monthly demand for various products. With this monthly forecast the company should prepare the MPS and MRP schedule for different materials required for manufacturing of the products. Strengths: Furthermore, it would also reduce inventory and material handling cost. It also helps to ensure that minimum amount of inventory gets accumulated in the supply chain Weaknesses: The company needs to maintain data and information about the inventory.. Automation of inventory management process and adoption of new inventory management techniques would increase the cost for the company 2. What is your reaction to the argument of those who oppose tighter controls?

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture