(Answered) Assignment1 a synopsis of the inventory and supply chain

Economics

Assignment

1. A synopsis of the inventory and supply chain management problem(s) as you perceive them to be.

2. Using the facts of the case, as well as theories and best practices that you have learned in the PROC 5820, Operations Management course, prepare a short description as to what you intend to do to address each of the 5 goals below.

1. Allow ORUN to minimize costly inventory.

2. Improve the overall supply chain management within the company.

3. Ensure demand requirements are met, avoiding stock outs and reducing overall cost.

4. Standardize business practices among plants with a given supplier.

5. Increase supplier efficiency with real time information on firm planned orders and forecast.

3. Explain how you would identify and use measures of effectiveness (identify appropriate metrics) to assess progress in resolving these issues.

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