Competitiveness and Inventory Management
Using the Argosy University online library resources and the Internet, research safety stock.
Then respond to the following:
· As a manager, what recommendations could you provide to reduce inventories as it relates to safety stock?
· What parameters would lead you to believe that (a) large safety stock, (b) small safety stock, and (c) zero safety stock would be advantageous for the organization? Be sure to provide examples and data in support.
After your initial post, discuss the following:
· What are some of the ways in which a company can reduce the need for inventories?
· How has technology aided inventory management?
