Key Assignment Draft • Part 1 • This task is a portion of the inventory management plan that you have been developing for your company. Utilize your work from Weeks 1-3, incorporating feedback from your instructor and peers. Your inventory management plan should summarize the various components of the plan. • The plan will include the following components: • •Redesign of inventory and supply chain management procedures • •Growth plan for operations to address the expanding needs of the company • •Standard operating procedures for inventory control to avoid losses • Part 2 • There have been serious overstock and shortage issues in the last 18 months, resulting in lost customers. • You have been asked to put together a plan on the following: • •How can the company better understand the customers' wants and needs? • •How can this knowledge work within the constraints of the company's current systems? Topics to GOOGLE and discuss Understanding your customer Managing customer expectations Managing customer orders