Inventory and supply chain management

 separate by parts including references (put part 1 references together, part 2, and part 3 references together) ______________________________________________________________________ Part 1: Inventory Control (400-600 words) Research articles and journals to determine the following: • What is the most effective process of executing cycle counts on a yearly basis? • How should items to be counted be identified? • What steps should be taken when a high-loss item has been identified prior to year-end inventory? Be sure to provide supporting references for each question. ________________________________________________________________________ Part 2: Inventory Control (3-5 pages not including title or reference page) Your company currently does not have standard operating procedures in place for proper inventory control. Explain how each of the following can erode the bottom line: • Cycle counts • ABC items • Damages • Overages • Shortages Be sure to outline the processes that should be put in place to avoid losses on each. ________________________________________________________________________ Part 3: Balancing Customer Needs (400-600 words) Key Assignment Outline Key Assignment outline for your Phase 4 Discussion Board will include Parts 1, 2 and 3 in your Phase 4 Individual Project assignment. • Part 1- Inventory Systems A. Provide a brief synopsis of your opinion on who was the pioneer in supply chain management. B. Provide supporting evidence for your opinion. • Part 2- Single or Multiple Operational Centers Choosing either a small or a large company, focus your discussion on the following: A. Provide a brief oppositional synopsis of single versus multiple operations or profit systems. B. Be sure to identify the company that you have chosen. C. Be sure to provide supporting references. • Part 3- Inventory Control Research articles and journals to determine the following: A. What is the most effective process of executing cycle counts on a yearly basis? B. How should items to be counted be identified? C. What steps should be taken when a high-loss item has been identified prior to year-end inventory?