Mba550 Managing Inventory in a Supply Chain Concepts Worksheet

Running Head: MANAGING INVENTORY IN A SUPPLY CHAIN CONCEPT WORKSHEET

Managing Inventory in a Supply Chain Concepts Worksheet

University of Phoenix

March 27, 2009

Managing Inventory in a Supply Chain Concepts Worksheet

|Concept |Application of Concept in the Simulation |Reference to Concept in Reading |

|Inventory analysis |Kuiper Leda Inc. is an electronic component manufacture which specializes in |Basically, the purpose of inventory |

| |producing Electronic Control Units (ECU). The company has recently expanded |analysis in manufacturing and stock |

| |its product line by supplying Radio Frequency Identification (RFID) Tags. |keeping services is to identify an |

| |This has resulted in a higher volume of orders being placed. By dropping some|order schedule and how much should be|

| |suppliers and building more of a relationship with others, the company may be|ordered. Many firms want to develop |

| |able to better manage its inventory to what the company needs to keep cost |and enter into longer-term |

| |down and maintain the company’s inventory. |relationships with vendors or |

| | |suppliers to supply their needs for a|

| | |periods of as long as a year . “This |

| | |changes the “when” and “how many to |

| | |order” to “when” and “how many to |

| |...