This assignment is an individual assignment. Inventory makes the world go round
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This assignment is an individual assignment.
Inventory makes the world go round. Stockpiles of raw materials, components, sub-assemblies, finished goods, returned goods, and reclaimed and refurbished materials enable all aspects of industry to function and all aspects of the economic engine to run.
This assignment requires you to critically discuss the approach to orginising the key functions in inventory in the context of a Multinational corporation (MNC) of your choice and identify one key change in each of the selected functions as a result of the pandemic (Covid-19).
In addressing this report, you need to ensure to include:
• Discuss the role and importance of inventory in the supply chain
• Describe the main approaches to managing inventory
• Understand how demand variability throughout the supply chain can lead to over – or under stocking of inventory (also known as the bullwhip effect) given Covid-19 as an example
• A resilient inventory design for your chosen organization.
Relevant secondary sources to support your discussion about your chosen company.
criteria for Assessment of Coursework (Individual Report)
Criteria
Proportion of overall module mark
1. Theory and Literature
40%
2. Analysis
30%
3. Critique
30%
Total
100%
This assignment is designed to assess learning outcomes:
1. Analyse and critically evaluate a range of logistics practices applied across different industries and geographical situations.
2. Examine the implications of inventory holding and replenishment policy when considering other logistics functions and business constraints.
3. Critically evaluate and select an appropriate transport mode strategy for an organisation, including both national and international distribution requirements
Word Count
The word count is 2000
There will be a penalty of a deduction of 10% of the mark (after internal moderation) for work exceeding the word limit by 10% or more.
The word limit includes quotations and citations but excludes the references list.
