Competitiveness and Inventory Management Essay Example for Free

Competitiveness and Inventory Management EssayTo be competitive, many fast-food chains expanded their menus to include a wider send of foods. Although contributing to competitiveness, this has added to the complexity of operations, including origin management. In what ways did the expansion of menu offerings create a problem for inventory management? One form of inventory is safety stock, which is primarily carried by companies to ensure a variety of products is available at all times. However, safety stock ties up capital and hinders cash flow. utilize 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 hope that (a) large safety stock, (b) small safety stock, and (c) zero safety stock would be advantageous for the organization? Be sure to provide examples and data in suppor t.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 back up inventory management?How have technological improvements in products such as automobiles and computers impacted inventory decisions?Write your initial response in 200 to three hundred words. Apply APA standards to citation of sources.By Saturday, June 28, 2014, post your response to the appropriate Discussion Area. Through Wednesday, July 2, 2014, review and comment on at least two peers responses. treat the following in your responseProvide a statement of clarification or a point of view with rationale.Challenge a point of backchat or draw a relationship between one or more points of the discussion.