Birigston Inc Case Study

Describe how to complete and maintain documentation in accordance with organisational procedures, in relation to:

This particular group handles the approval of the project and relies on the information to determine if the project is feasible or not. The need to keep them up to date on the information is critical when going through a project like this one being accomplished with Brewton Enterprises. Having a live meeting every few three months to make sure the project is proceeding the way it was intended. Then there are the monthly conference calls either video or audio with all stakeholders. There is also the need to make sure presentations with graphs on them are printed and distributed to each stakeholder and manager in regards to the progress of the project. Along with the presentations should have a model built or software model done to show what

February 2018 sales increased 17.1%, driven by triple digit growth in sales to Lyon and Healy, Ocenco, and Asco (formerly Numatics Actuator) and 6% growth in Bimba sales. Typically, sales to Bimba account for a major portion of total annual net sales and any disruption in our relationship with Bimba may result in a change in revenue. On February 1, 2018, London-based IMI, a world leader in motion and fluid control technologies, acquired Bimba Manufacturing Company. The acquisition aligns with IMI’s strategy to increase its US revenues while extending IMI Precision Engineering’s presence in its core Industrial Automation segment. After meeting with IMI and Bimba executives, Louis received assurances that the acquisition will result in additional manufacturing opportunities for Calumet Screw Machine Products.

The staff is responsible for handling the customer’s cash and solved products are tallied and while it is in the log book. With no real inventory system they are also double checking if what the solved products are.

How the finished document is organised and presented will depends on what the documents is to be used for. Therefore before being produced all the above point should be agreed with

The warehouse doesn’t utilize a stock release document nor a back order file. There is no transaction authorization here to verify that there is not enough inventory to supply the customer and that the company will need to purchase more. Without a stock release and an inventory control, the warehouse employees have access control over the company’s inventory with nobody supervising their activity.

The sales are also dependent on season. Like in summer season demand for juice is increased so they have to increase the inventory for juices and in winter season the demand of coffee is increased so they have to keep inventory on that demanded quantity. If these matters are going smoothly that means there exists no gap in supply side and if there arise problems, inventory turnover is the indicator through which the gap can be analyzed. External environment like uncertain or certain weather conditions may create problems or gaps in distribution system because of delayed supply

Knowing and understanding the types of inventory your company is dealing with when importing or exporting can help to meet the main goals of your business. There are essential 3 types of inventory a company may encounter in logistics; raw materials, work-in-process, and finished goods. When dealing with raw materials, the business will be receiving or sending out goods that will eventually be used to make other goods. Raw materials can be thought of as ingredients for another product. The next inventory type is work-in-process, this type of inventory are goods that are currently being made but are not yet completed and ready to be shipped out. The last inventory type is your finished goods, this type of inventory is goods that are completed and are ready to be shipped out to the businesses customers. The goal is to maintain an equal amount of inventory in each category. If your work-in-process inventory were to be greater than your finished goods, you may need to look into having a faster order fill time. If your raw materials are being to get lower than your finished goods, it may be time to order more raw materials to be able to produce more finished goods. Once the goods are finished and ready to be shipped, packaging and handling of the goods becomes important (Types of

Unreasonable inventory may bring about the goods out of stock, the damage to goods, return of goods, which will not only influence the enterprises’ logistics cost, but also affect the enterprise’s distribution efficiency.

With the growth of a company, one of the biggest challenges is often inventory management. Make sure the right product in the right place at the right time is an important part of the business. When sales, inventory and

And if the company has taken this into consideration while establishing reorder levels, then it may be carrying too much investment on inventory.

Not Enough Resources- The store need a storage facility to store the extra stock so they can use in the time of emergency. There is less number of staff in the store. This problem can be solve by hiring a proper store manager who is particularly responsible for the stock management and also make some extra space for the extra stock. Another problem can be solved by hiring some new staff that has good experience in customer service so the customer won’t complaint in future.

“Inventory management is a core operations management activity” (Stevenson, 2016). The Inventory Management and Control needs to be designed to meet the demand of the marketplace and still be able to support the company, and any plans to expand, etc. The structure of inventories is important for the supply chain in order to have an effective material flow and order fulfillment. In the case for Harvey Industries, the inventory control system would prompt the stockroom supervisor, purchasing and manufacturing manager to place orders for goods to be replenished, whenever one of them finds the materials have been depleted. Often, prompting trade-offs in inventory and poor inventory management results in a lower productivity value in operations, decreasing customer satisfaction resulting in an increase in operating costs.

For any business to achieve financial success, its inventory has to be properly managed. Through this the business gets to evaluate its needs for a specific good to fill its inventory with enough stock. The business therefore improves its sales outcome or profitability without spending too much in terms of financial and physical resources. To optimize inventory levels, businesses must assess their inventory. Inventory assessment involves evaluating assets and financial resources to ascertain if they can sustain the acquisition of goods and supplies through availability of funds. Businesses must also engage in inventory forecasting in order to optimize inventory levels (Harrison, 1997).

It is a costly process that takes too much time and it need special management to control. The software they use for inventory management is very costly.