Inventory Essay Examples

Production & Operations Management The process of transforming raw materials and other inputs into finished products is referred to as production. Its primary objective is to combine individuals, machinery, and materials to meet people’s needs by delivering goods and services. As both manufacturing and service organizations encompass these elements, the term production management is being […]

This paper provides calculated ratios of liquidity, activity, debt and profitability of Pepsi Co for the fiscal years 2007-2008. This information was obtained from the financial statements. Liquidity The current ratio is considered to be the most simplified liquidity test. It essentially signifies a company’s capacity to satisfy its short-term liabilities utilizing its short-term assets. […]

A good inventory tracking system accomplishes four things: 1) it shows what merchandise is in stock, it shows which items are on order, it notifies the retailer when ordered merchandise is scheduled to arrive, it tells what merchandise has been sold. This information is used to plan future purchases, to determine what is selling and […]

Inventory control systems are utilized for businesses to keep track of products or materials. In the past, tracking inventory was often a challenging task for employees before technology became readily available. With modern technology, a staff member for a large retailer can easily use a handheld device to check stock availability for a customer’s requested […]

GTY Trading, led by their manager at the time, aimed to incorporate automation into their sales and record-keeping processes. This involved using technology to compute sales, record important data such as dealer information and consigned products, and avoid any discrepancies. The main objective was to keep accurate records of all dealers, calculate their percentage based […]

Sport Obermeyer is a fashion ski-wear manufacturer, with a 45 percent share of the children’s skiwear market and an 11 percent share of the adult skiwear market in 1992.  It offers a broad line of fashion ski apparel, including parkas, vests, ski suits, shells, ski pants, sweaters, turtlenecks, and accessories.  The parkas are the most […]

Q1a. Is it advisable for the company to upgrade the POS terminals to a more modern operating system? It may not be in the best interest of the retailer to proceed with this upgrade, as it would replace three of the existing legacy systems that handle ordering and fulfillment. The IS department is likely to […]

Introduction to the Accounting Cycle Description of Riordan Manufacturing, Inc. Riordan Enterprises, a top player in plastic injection molding, employs state-of-the-art design techniques and operates out of various facilities in San Jose, California; Albany, Georgia; Pontiac, Michigan; and Hangzhou, China. As a Fortune 1000 enterprise, it earns an impressive amount of $46 million annually. Riordan’s […]

Executive Summary Almighty Foods Corporation was established in 2007 with the objective of improving the quality and wellness of food in the Filipino culture. They aim to achieve this by promoting a healthy lifestyle and using locally sourced ingredients. The company’s goal is to create a product that can compete globally by utilizing indigenous resources […]

Jeff Bezos founded Amazon.com in 1995. Since then, it has become a prominent e-commerce site on the internet with a turnover of $14.87 billion in 2007, demonstrating its success. According to Jens et al. (2003), Jeff Bezos aimed to establish a web-based enterprise that provides an extensive range of products online, catering to diverse customer […]

OBJECTIVES Combining business school education, professional/personal development training, self education along with life experiences directed me toward beginning a career as an entrepreneur. Many years have been spent taking classes and exploring various business opportunities. I started my college career as a business major. During that time, I also studied various art mediums to explore […]

Background CVS (Consumer value store) faced increasing customer complaints that prevented the company from stronger growth. This problem was initially perceived to be due to poor customer service; however, by historical data analysis and customer interviews, Pharmacy Service Initiative (PSI) including “operations executives and managers”, “pharmacy supervisors, top pharmacists and consultants from the Boston Consulting […]

Full Costs and their Uses Cost is a measurement, in monetary terms the amount of resources used for some purpose may be defined as a sacrifice or giving up of resources for a particular purpose. are frequently measured by the monetary units that must be paid for goods and services. Three Important Ideas for Costs […]

Jeffrey Ball’s Wall Street Journal article “Chrysler Averts a Parts Crisis” offers insight into how large businesses utilize just-in-time systems and their vulnerability during national crises such as September 11th. The just-in-time system involves delivering the appropriate quantity of goods to the correct location precisely on time. The aim is to obtain products at a […]

INTRODUCTION Businesses in Africa are turning to the internet to enable them reach a wider market. This is known as Electronic Commerce, where buying, selling, investing and lending is done over the internet. Unfortunately in Kenya, the internet infrastructure is very limited. However with the cell phone boom, there is hope through Mobile Commerce. 1. […]

Introduction Barilla SpA (Barilla), is an Italian manufacturer that sells pasta to retailers largely through third-party distributors. Barilla has been experiencing widely fluctuating demand patterns from these distributors. Such unpredictable patterns are problematic because a specific sequence of pasta production is used that minimizes the incremental changes in kiln temperature in order to keep the […]

Case Study–Can Information Systems Save U. S. Steel? In capacity U. S. Steel (USS) is the 10th largest integrated steel manufacturer in the world and the largest in the United States. Headquartered in Pittsburgh, Pennsylvania, it can produce about 14 million tons annually. The world’s largest steel maker, Europe’s Arcelor, produces more than 40 million […]

GENERAL OVERVIEW Merloni Company was created in 1930 by Aristide Merloni. After the Second World War Merloni started to expand their range of products, and in the 60s and 70s Merloni was already the biggest producer of high quality domestic appliances, operating in both, Italy and Europe. At some point in the 70s, the company […]

Maruti Suzuki’s value chain is an analysis of the chain of activities through which their products pass. This chain includes all activities in order, and at each step, the product gains value. The aim of these initiatives is to deliver increased value to customers that exceeds the cost of the activities. This enables the company […]

Hero, unlike other Indian companies that focused solely on domestic production, recognized the significance of operating internationally. By understanding concepts such as just in time (JIT), establishing dealer networks through strategic alliances, and implementing effective employee policies, Hero successfully expanded in the global market. Through the establishment of strategic alliances, Hero was able to foster […]

Company Background The Scotts Company started selling hardware and seeds in Marysville, Ohio in 1868. It specializes in seeds, fertilizers, peat, potting soils and other organic materials. By 1995, Scotts was the world’s #1 marketer of lawn and garden products. European operations were launched in 1993, with HQ in Lyon, France, and additional five European […]

Benetton operates a dual supply chain system comprised of speculation and postponement. Retailers have the responsibility of ordering 7 months in advance of the season from their agents. These agents then order directly from Benetton manufacturing, allowing them to operate on a “make-to-order” (JIT) basis. Their superior methodology supports their high volume, low variety production […]