Inventory Control and Management Paper
OPS/400 Business Process Management
You are the Operations Manager of a toy manufacturing company. You are tasked with maintaining a consistent production level, with fluctuations of supply and demand due to seasonal inventories.
Write a 350- to 525-word paper.
- Research other manufacturers in your industry, and distinguish between two scales of economy that could benefit your organization.
- Discuss the effect that supply and demand may have on the operational strategies for your organization.
- Examine the effect of seasonality on inventory management and forecasting.
- Discuss how inventory carrying costs can affect operational efficiency.
- Determine the effect of lead time on ordering decisions and seasonality.
- Examine how safety inventory is used as a buffer against supply/demand, and evaluate various levers for reducing inventory.
- Discuss at least two levers used to manage and control inventory.
Format your paper consistent with APA guidelines.