Inventory And Supply Chain Assessment Answer
Identify an improvement project in inventory and supply chain operations in your organisation or an organisation you are familiar with. 1. Describe how this improvement is planned in terms of: the supply chain planning techniques and technologies to be applied the project planning approach the quality improvement approaches used. 2. Identify any risks associated with this improvement project together with associated mitigating actions you might propose. 3. Use financial concepts and a range of financial evaluation techniques to inform the decision whether to engage in this project, including examples of: The differences between capital and revenue expenditure How costs are classified How costs are allocated Application and evaluation of appropriate investment appraisal techniques Your response should be in the form of a written report of between 1,500 to 2,000 words. The learning outcomes for this assignment are: Understand and evaluate requirements for effective inventory management Apply understanding of a control process management system Assess the advantages and disadvantages of process specialisation and automation
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