QSO 455 Week 7 Assignment Help | southern-new-hampshire-university

QSO 455 Week 7 Assignment Help | southern-new-hampshire-university

7-1 Integrative Learning Exercise: Inventory


Instructions

Inventory is expensive. Consequently, companies are looking for ways to reduce inventory yet maintain high levels of customer service. In a short paper, evaluate strategies and approaches companies could use to possibly reduce inventory levels while maintaining competitive customer service levels. In the paper, be sure to include:

·         Discuss how improvements in forecasting demand affect inventory decisions.

·         Discuss how reductions in lead time can provide opportunities to reduce inventory without compromising customer service levels.

·         Discuss how the use of technology could help to better control and manage inventory.

·         Discuss how strategies such as vendor-managed inventory can be used to better control inventory costs.

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