Sim Venture

Coursework Header Sheet

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Course | OPER-1027-M07-2014-15 Operations Management: Processes and Value Chains | Course School/Level | BU/UG |

Coursework | Case Study 2 – Inventory Management | Assessment Weight | 25% |

Tutor | Dr. Alex Tang | Submission Deadline | 29/06/2015 |

Student ID | 000905503 | | |

Coursework is receipted on the understanding that it is the student's own work and that it has not, in whole or part, been presented elsewhere for assessment. Where material has been used from other sources it has been properly acknowledged in accordance with the University's Regulations regarding Cheating and Plagiarism. |

Tutor's comments 

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Grade Awarded___________ | For Office Use Only__________ | Final Grade_________ |

Moderation required: yes/no | Tutor______________________ | Date _______________ |

CASE STUDY: Supplying fast fashion

What is inventory?

According to the text book said that “Inventory is a term we use to describe the accumulations of materials, customers or information as they flow through processes or networks. ” (Slack, N., Brandon-Jones, A., & Johnston, R. 2013, p370)

There were two kinds of inventories:

“Physical inventory (sometimes called ‘stock’) is the accumulation of physical materials such as components, parts, finished goods or physical (paper) information records. Queues are accumulations of customers, physical as in a queuing line or people in an airport departure lounge, or waiting for service at the end of phone line.” (Slack, N., Brandon-Jones, A., & Johnston, R. 2013, p370)

Almost all business will keep some kind of inventory, is a very important process in a business. It can show that the numbers of goods or materials that in a factory or in the store at any time that’s can help the business owners to keep checking their stock level and can monitor it.

The advantages of lower inventory:

In general, the...