STARBUCKS Inventory Management
Pick an organization STARBUCKS to examine throughout the rest of the course. It may be one you work for or it may not; you will be examining this organization for all five modules of the SLP assignments. For this first SLP I want to know about the structure of your reference organization and its inventory management. In 2-3 pages tell me about the organization, make sure you cover following areas:
1. The name of the organization (STARBUCKS)
2. Its primary business
3. Why you chose this business
4. Its inventory management procedures
Submit this for grading by the end of this module.
The paper should have a cover sheet and a references page, these do not count in the paper page count. You should have 2-3 pages of written text. Submit your assignment for grading by the end of this module.
SLP Assignment Expectations
The expectations for the assignment focus on the work displaying an understanding of what is involved in inventory management and how effective inventory management benefits the reference organization. Specific elements of the assignment assess the selection feasibility and rationale of the case study organization to support the module topics. It is also expected that the work will show critical thinking skills in evaluating the effectiveness of current inventory management practices applied to the reference organization.
ON A SEPARATE PARAGRAPH DIFFERENT FROM THE ESSAY ABOVE, ANSWER THE FOLLOWING QUESTION ON EFFECTIVE INVENTORY MANAGEMENT.
|
Provide an example of ABC classification in a business you are familiar with. What would be the A inventory items versus B and C? What ordering policies would you use for each of these?
|
Here’s one quick method for determining your ABC ranking based on Annual Sales Volume:
1. Calculate the 12 month dollar usage for all of your products (volume X cost).
2. Rank the items in descending order by the dollar usage.
3. The “A” items are the top 80% of the total annual usage dollars.
4. The “B” items make up the next 15% of total annual usage.
5 The “C” items are the remaining items are the remaining 5% with >0 usage in the past 12 months
6. Label zero-usage items can be labeled as “D”.
0 comments