Contents
Task 1 3- Using examples, discuss the methods used for inventory management. You should include vendor managed inventory as one of the methods in your answer. 3
- Introduction 3
- Methods of inventory management 3
- Barcode system 4
- Controlling inventory 4
- Good training for employees 5
- Vendor managed inventory 5
- Dual benefits 6
- Task 2 6
- Using examples discuss the recent trends in operations and supply chain management. 6
- Recent trends in operations and supply chain management 8
- Evolution of coordinating relationships 8
- Optimization in supply, production and distribution 8
- Enhancement in co-production 9
- Recent trends in supply chain management 9
- Supply chain expansion 9
- Supply chain response enhancement 10
- Conclusion 11
- References 12
Description
This paper answers the following 2 questions –
(i) Using examples, discuss the methods used for inventory management. You should include vendor managed inventory as one of the methods in your answer
(ii) Using examples, discuss the recent trends in operations and supply chain management
