Competitiveness and Inventory Management Essay Example for Free

Competitiveness and Inventory Management EssayTo be competitive, many fast-food chains spread out their posters to include a wider range of foods. Although contributing to competitiveness, this has added to the complexity of operations, including inventory worry. In what slipway did the expansion of menu offerings create a problem for inventory management? One form of inventory is prophylactic stock, which is earlier carried by companies to en sure as shooting a variety of products is available at all times. However, safety stock ties up capital and hinders cash flow.Using the Argosy University online library resources and the Internet, research safety stock. Then respond to the followingAs a manager, what recommendations could you provide to reduce inventories as it relates to safety stock? What parameters would lead you to believe that (a) large safety stock, (b) small safety stock, and (c) zero safety stock would be advantageous for the organization? Be sure to provide ex amples and data in support.After your initial post, discuss the followingWhat are some of the ways in which a company can reduce the need for inventories?How has technology aided inventory management?How have technological improvements in products such as automobiles and computers impacted inventory decisions?Write your initial rejoinder in 200 to 300 words. Apply APA standards to citation of sources.By Saturday, June 28, 2014, post your response to the appropriate intelligence Area. Through Wednesday, July 2, 2014, review and comment on at least two peers responses. Consider the following in your responseProvide a statement of clarification or a point of view with rationale. take exception a point of discussion or draw a relationship between one or more points of the discussion.