GOOD GREEK GRILL
Inventory Management
TEAM # 8 SOM 306 California State University, Northridge
Table of Contents
Executive Summary
The operations management problem that our group chosen to discuss about occurs at a small, family owned restaurant business called Good Greek Grill. Known best for their tasty greek food, the company’s primary problem is inventory management; trying to determine the order quantities and the method of lot sizing and when to order so the company doesn’t waste items with short life such as the dairy products that uses like yogurt and milk. In the past the store has had been throwing away large quantities of dairy products due to lack of forecasting the demand for dairy products as well as weak inventory planning methods from unqualified employees. As a result, Good Greek Grill (G3) asked our group to help them solve the problem since after getting a SOM class we are able to determine methods towards solutions of Operational Management problems. The solution can be found by getting to know what is the current reorder point and order quantity by using the EOQ (Economic Order Quantity) inventory model . Cost cutting is essential as the store doesn 't get enough customers that are interested in the dessert and coffee products that are offered in store. Yogurt is used in our dessert items which are the strawberry greek yogurt and the black
Enjoy Mediterranean fare at Mylos Greek Restaurant. It's nestled inside of the ChateauBleau Hotel and features a bright setting with linen-clothed tables. Owned by the Grillas family, Mylos Greek Restaurant serves traditional dishes to guests of the hotel and locals. An appetizer of grape leaves stuffed with rice and herbs, smoked salmon with capers, grilled octopus or roasted eggplant make for tasty choices. Guests can feast on an entrée of leg of lamb with seasonal vegetables, seafood pasta or chicken kebab. Sandwiches, burgers, salad and combination platters are also on the menu.
Operations management is essential for the survival and success of any organization. According to Heizer & Render (2011), operations management (OM) is the set of activities that creates value in the form of goods and services by transforming inputs into outputs. Operations managers today contend with competition, globalization, inflation, consumer demand, and consistent change in technology. Managers must focus on the efficiency and effectiveness of processes such as cost, dependability, distribution, flexibility, and speed. The intent of this paper is to discuss the processes and operations management of the Kroger Company.
During the game, I realized that wide gaps in orders of every role in the supply chain such as factory, distributor and retailer create inventory management challenges. For example, distributor records 0units between week1-week 4 compared to retailer within the same period. The retailer records 3units, 5units, 2units and 2units between weeks 1- week 4. The same applies to factory with 0units from weeks 2-4. Addressing inventory management problems requires developing an average unit level to avoid disappointing customers when demand
Trader Joe 's sells gourmet foods to its customers with a low cost business model, which may seem very difficult to maintain, due to the rising costs in the international markets and the United States. However, with Trader Joe 's long term experience in operations and limited variety of products, this enables the company to reduce costs and transfer those savings to their customers. Furthermore, Trader Joe’s has a very efficient management process that allows keeping the product costs down to keep their customers satisfied. The management process is very significant for Trader Joe 's in which they have planned marvelously to carry certain products which is obtained at a discounted price from their suppliers. Additionally, Trader Joe’s keep costs down to a minimum by choosing non-prime store locations. For
In this final paper for Managerial Finance I will attempt to show how the supply chain inventory management method can be affected depending on the situation of the retailer. Studying the control method for problems in inventory, which would include both, excesses in inventory as well as shortages, and hoping to minimize loss.
We will be observing one of the restaurants located in Melbourne, named Papa Goose Restaurant & Bar. The main purpose of this project is to know about the inventory system of this restaurant. The purpose is to look at the issues in the inventory, and to provide them with the best possible solution.
Kudler Fine FoodsUniversity of PhoenixSmith Systems Consulting (SSC) has been contracted by Kudler Fine Foods to develop a frequent shopper program. Kudler Fine Food's goal with the frequent shopper program is to develop customer loyalty and penetrate new market shoppers while tracking their behavior. Smith Systems Consulting has been able to design, host, develop, maintain, support and program systems development for their clients since 1984. Smith Systems Consulting employs over 350 employees and has generated over $45 million in revenue. Smith Systems Consulting was contracted to develop a frequent shopper program by developing a hardware platform, network connections, software development tools, database information, user interfaces,
Main Pub & Grill, located in Norridge, serves new American fare in its casual and welcoming restaurant. Appetizers like the jumbo chicken wings and the loaded Greek fries topped with feta cheese and spices, are flavor packed and fun to share. Sandwiches, like the juicy pulled pork and the chicken grinder loaded with olives, feta and grilled peppers and onions, are popular options with diners. Entree meals include the grilled calamari, the rack of ribs slathered in a sweet and savory sauce, as well as a variety of fresh baked pizzas. Not only does Main Pub & Grill serve great food and drink specials, they also have pool tables and large screen TVs displaying the latest sports game.
In this case study, production and operations management (POM) issues of a mid-size company, named as Scientific Glass Inc., in a highly growing market are studied. Using the background information on past actions of the company to correct inventory management and their results, and considering the market leadership opportunity, how inventory management approach can be made better is explained by evaluating different alternatives from different aspects. In the first part, critical POM issues are mentioned, following that these problems are analyzed. In the third part, alternative options are listed and then they are evaluated. Finally, considering
I'm sorry that you experienced this. Our 7-Minute Grill features DuraCeramic plates, which should prevent food from sticking and provide a quick and easy clean up. We have high expectaions for our products, and we are sorry to hear that they are not living up to yours. We want to make this right, call us at (800) 334-0759 Monday-Friday 9am-6pm EST. Thank you!
Inventory control is the biggest challenge because of inappropriate inventory management system. There is a requirement of proper food service for better inventory control and also for identifying the important requirements. There is a need to develop the inventory methods for the products and with a standard inventory management company should try to minimize the wastes in terms of future. (Gartenstein, 2012)
Operation and Supply chain management (OSCM) is one of the foundations that successful businesses count on to provide a competitive advantage within their industry. The goal of OSCM is to develop and maintain a system that effectively and efficiently manages the flow of raw material resources into useful end products for consumer use (Chase, 2006). In the fast food industry this process takes center stage in maintaining competitive pricing. A review of the production process in two national chains, Whataburger and McDonald’s, showcases each chain’s approaches to OSCM.
Tasks: What should Alison do? o Develop plans to improve the inventory management o Develop time-based supply strategies to bring competitive advantages to the organization Identify the functions and forms of inventory What are alternatives for inventory management? o ABC classification o Supplier-managed inventories (SMI) o Just-on-time or Just-in-time (JIT) o Enhance the forecasting system (factor correlated with inventory variation) Provide training programs for current and new hiring employees 1
Operations management is concerned with all operations inside the company related to activities, which include overseeing buys, stock control, quality control, stockpiling and logistics. A great deal of center is on proficiency and effectiveness of such procedures. A case of successful operations management in retail segment is evident in Zara’s business model (Tanuwe)
Jacobs, F.R & Chase, R.B. (2013). Operations and supply management: The core, 3e. Chapter 1 and Appendix A