BS2073 - Understanding of Inventory Control and Planning - Management Assignment Help

Assignment Task

You set the scenario, choosing a perishable product or a single season product, or specifying an organisation/industry that produce/distribute/sell these types of products. You are to provide a paper
 

Your paper must include:
 

1. An introduction to your scenario, specifying which product(s)’ inventory will be discussed.
 

2. A discussion of the trade-offs faced by the organisation in your scenario who must decide on stock levels for perishable inventory. In this part, you need to illustrate the inventory cost structure by considering purchasing cost, holding cost, ordering cost and stock-out cost where applicable. You must use real examples from the relevant organisation(s)/industry to support your discussions here. To tackle this part of the report it may be helpful to critique these examples.
 

3. A critical discussion and reflection on designing an inventory replenishment system that is suitable for the organisation, based on the information and the discussions in part 2. The focus may include but is not limited to Periodic Review vs Continuous Review, Newsvendor model, Economic Order Quantity model, Order-Up-To model, ABC classification, and demand forecasting.
 

4. A brief conclusion in which you summarise your findings, highlight limitations and provide recommendations if any.

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