Unit 10: Unit 10: Inventory Management Discussion
Many discussion opportunities come up where you need to respond to other people’s
opinions and comments. Respond to your Discussion topic after you have completed
your Reading. Topics
Inventory Management
Inventory Management
With effective resource planning, organizations can reduce inventory and service costs,
improve efficiencies, and establish methods for continuous improvement. Depending
upon the type of resource, there is a different type of planning that must take place. This
can include material requirements planning (MRP), capacity requirements planning
(CRP), enterprise resource planning (ERP), customer relationship management (CRM),
supply chain management (SCM), or product lifecycle management (PLM).
Research two specific types of resource planning.
1.
Based on your research, explain whether or not you believe ERP and
MRP are the only resource planning processes applicable to manufactured
processes.
2.
Can either ERP or MRP be used for service industries or can they only be
used for manufacturing organizations? Unit 10: Journal
You will complete a Journal each week.
Each week you will work on one aspect that will help you prepare for the course and
reflect. Consider this Journal as study notes. This Journal will provide an opportunity to
capture new ideas from knowledge gained and record your thoughts throughout the
course. This will also give you an opportunity to record questions you may wish to
research further in preparation for other assigned work. Please remember that
copying and pasting your own notes without revising is a form of self-plagiarism.
.
Research the following topics related to Inventory Management:
1. Demand 2. Inventory control systems 3. EOQ 4. Role of inventory management 5. Reorder point Select three of the topics listed and compose 3 paragraphs describing the topics (1
paragraph per selected topic) based on the course material and additional research you
conduct online.
ID: MT435-10-12-LJ

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