BUS 430 Assignment 2 Inventory Management
BUS 430 Assignment 2 Inventory
Management
Due Week 8 and worth
300 points
Research two (2)
manufacturing or two (2) service companies that manage inventory and complete
this assignment.
Write a six to eight
(6-8) page paper in which you:
1.
Determine the types of
inventories these companies currently manage and describe their essential
inventory characteristics.
2.
Analyze how each of
their goods and service design concepts are integrated.
3.
Evaluate the role
their inventory plays in the company’s performance, operational efficiency, and
customer satisfaction.
4.
Compare and contrast
the four (4) different types of layouts found with each company; explain the
importance of the layouts to the company’s manufacturing or service operations.
5.
Determine at least two
(2) metrics to evaluate supply chain performance of the companies; suggest
improvements to the design and operations of their supply chains based on those
metrics.
6.
Suggest ways to
improve the inventory management for each of the companies without affecting
operations and the customer benefit package. Provide a rationale to support the
suggestion.
7.
Use at least three (3)
quality resources in this assignment. Note: Wikipedia
and similar Websites do not qualify as quality resources.
Your assignment must follow
these formatting requirements:
·
Be typed, double
spaced, using Times New Roman font (size 12), with one-inch margins on all
sides; citations and references must follow APA or school-specific format.
Check with your professor for any additional instructions.
·
Include a cover page
containing the title of the assignment, the student’s name, the professor’s
name, the course title, and the date. The cover page and the reference page are
not included in the required assignment page length.
The specific course learning
outcomes associated with this assignment are:
·
Evaluate the processes
used in designing and producing goods and services.
·
Determine four layout
patterns and when they should be used.
·
Utilize the concept of
supply chain management.
·
Employ the concept of
capacity management.
·
Evaluate the management
of inventories and resources.
·
Use technology and
information resources to research issues in operations management.
·
Write clearly and
concisely about operations management using proper writing mechanics.
Grading for this
assignment will be based on answer quality, logic / organization of the paper,
and language and writing skills, using the following rubric.
|
Points: 300
|
Assignment 2: Inventory
Management
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Criteria
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Unacceptable
Below 60% F
|
Meets Minimum
Expectations60-69% D
|
Fair
70-79% C
|
Proficient
80-89% B
|
Exemplary
90-100% A
|
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1. Determine the
types of inventories these companies currently manage and describe their
essential inventory characteristics.Weight: 10%
|
Did not submit or
incompletely determined the types of inventories these companies currently
manage; Did not submit or incompletely described their essential inventory
characteristics.
|
Insufficiently
determined the types of inventories these companies currently manage;
Insufficiently described their essential inventory characteristics.
|
Partially determined
the types of inventories these companies currently manage; Partially
described their essential inventory characteristics.
|
Satisfactorily
determined the types of inventories these companies currently manage;
Satisfactorily described their essential inventory characteristics.
|
Thoroughly
determined the types of inventories these companies currently manage;
Thoroughly described their essential inventory characteristics.
|
|
2. Analyze how each
of their goods and service design concepts are integrated.
Weight: 15% |
Did not submit or
incompletely analyzed how each of their goods and service design concepts are
integrated.
|
Insufficiently
analyzed how each of their goods and service design concepts are integrated.
|
Partially analyzed
how each of their goods and service design concepts are integrated.
|
Satisfactorily
analyzed how each of their goods and service design concepts are integrated.
|
Thoroughly analyzed
how each of their goods and service design concepts are integrated.
|
|
3. Evaluate the role
their inventory plays in the company’s performance, operational efficiency,
and customer satisfaction.Weight: 15%
|
Did not submit or
incompletely evaluated the role their inventory plays in the company’s
performance, operational efficiency, and customer satisfaction.
|
Insufficiently
evaluated the role their inventory plays in the company’s performance,
operational efficiency, and customer satisfaction.
|
Partially evaluated
the role their inventory plays in the company’s performance, operational
efficiency, and customer satisfaction.
|
Satisfactorily
evaluated the role their inventory plays in the company’s performance,
operational efficiency, and customer satisfaction.
|
Thoroughly evaluated
the role their inventory plays in the company’s performance, operational
efficiency, and customer satisfaction.
|
|
4. Compare and
contrast the four (4) different types of layouts found with each company;
explain the importance of the layouts to the company’s manufacturing or
service operations.Weight: 15%
|
Did not submit or
incompletely compared and contrasted the four (4) different types of layouts
found with each company; Did not submit or incompletely explained the
importance of the layouts to the company’s manufacturing or service
operations.
|
Insufficiently
compared and contrasted the four (4) different types of layouts found with
each company; Insufficiently explained the importance of the layouts to the
company’s manufacturing or service operations.
|
Partially compared
and contrasted the four (4) different types of layouts found with each
company; Partially explained the importance of the layouts to the company’s
manufacturing or service operations.
|
Satisfactorily
compared and contrasted the four (4) different types of layouts found with
each company; Satisfactorily explained the importance of the layouts to the
company’s manufacturing or service operations.
|
Thoroughly compared
and contrasted the four (4) different types of layouts found with each
company; Thoroughly explained the importance of the layouts to the company’s
manufacturing or service operations.
|
|
5. Determine at
least two (2) metrics to evaluate supply chain performance of the companies;
suggest improvements to the design and operations of their supply chains
based on those metrics.Weight: 15%
|
Did not submit or
incompletely determined at least two (2) metrics to evaluate supply chain
performance of the companies; Did not submit or incompletely suggested
improvements to the design and operations of their supply chains based on
those metrics.
|
Insufficiently
determined at least two (2) metrics to evaluate supply chain performance of
the companies; Insufficiently suggested improvements to the design and
operations of their supply chains based on those metrics.
|
Partially determined
at least two (2) metrics to evaluate supply chain performance of the
companies; Partially suggested improvements to the design and operations of
their supply chains based on those metrics.
|
Satisfactorily
determined at least two (2) metrics to evaluate supply chain performance of
the companies; Satisfactorily suggested improvements to the design and
operations of their supply chains based on those metrics.
|
Thoroughly
determined at least two (2) metrics to evaluate supply chain performance of
the companies; Thoroughly suggested improvements to the design and operations
of their supply chains based on those metrics.
|
|
6. Suggest ways to
improve the inventory management for each of the companies without affecting
operations and the customer benefit package. Provide a rationale to support the
suggestion.Weight: 15%
|
Did not submit or
incompletely suggested ways to improve the inventory management for each of
the companies without affecting operations and the customer benefit package.
Did not submit or incompletely provided a rationale to support the
suggestion.
|
Insufficiently
suggested ways to improve the inventory management for each of the companies
without affecting operations and the customer benefit package. Insufficiently
provided a rationale to support the suggestion.
|
Partially suggested
ways to improve the inventory management for each of the companies without
affecting operations and the customer benefit package. Partially provided a
rationale to support the suggestion.
|
Satisfactorily
suggested ways to improve the inventory management for each of the companies
without affecting operations and the customer benefit package. Satisfactorily
provided a rationale to support the suggestion.
|
Thoroughly suggested
ways to improve the inventory management for each of the companies without
affecting operations and the customer benefit package. Thoroughly provided a
rationale to support the suggestion.
|
|
7. 3
referencesWeight: 5%
|
No references
provided
|
Does not meet the
required number of references; all references poor quality choices.
|
Does not meet the
required number of references; some references poor quality choices.
|
Meets number of
required references; all references high quality choices.
|
Exceeds number of
required references; all references high quality choices.
|
|
8. Clarity, writing
mechanics, and formatting requirementsWeight: 10%
|
More than 8 errors
present
|
7-8 errors present
|
5-6 errors present
|
3-4 errors present
|
0-2 errors present
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