Inventory Management : Office Depot

Evaluate the role their inventory plays in the company’s performance, operational efficiency, and customer satisfaction.

Costco’s inventory management strategy focuses on three main points: (a) point-of-sales system (POS), (b) vendor managed inventory and (c) low volume of stock keeping units. Costco takes aid from innovative inventory system that provides real time inventory information called Collaborative Retail Exchange (CRX). The system monitors and re-orders at the optimum inventory as part of the continuous re-order system. The CRX system analyses the sales for the previous weeks and inventory level which acts as information to the suppliers. Costco Wholesale follows a Bulk-buying strategy. It aims at selling products in large volume and comparatively low prices. The company also follows lower number of stock keeping units (SKU’s), an average of ~4,000

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

3 types of goods that classify as inventory are goods awaiting sale (the merchandise of a trading concern and the finished goods of a manufacturer), goods in the course of production (work in process), and goods to be consumed directly or indirectly in production (raw materials and supplies).

Merchandising inventory is goods that have been acquired by a distributer, wholesaler, or retailer from suppliers with the intent of selling the goods to third parties. (Accountingtools.com, 2015) When choosing the type of method to use for merchandising inventory it is important for the business to understand what type of services or goods that are being provided. This can offer a better insight to the proper and most cost effective method. When deciding there are four types of inventory cost methods to elect from.

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,

In order to maintain CPFR a large amount of data infrastructure and management needs to be in place and be able to simultaneously work together. There is also significant risk for individual companies to be able to coordinate all of their products seamlessly between various other manufacturers in comparison to final consumer demand for the product. The remedy to this situation would be to jointly share forecasting information between companies concerning certain events in-turn increasing the likelihood of accurate forecasting between

Generally, most of the inventory costs are not always fixed due to uncertainty of competitive market. In the existing literature, it is found that several researchers have worked on uncertainty considering inventory parameters as fuzzy valued. In this work, we have represented the inventory parameters as interval. Using this concept, we have developed a two warehouse inventory model with advanced payment, partial backlogged shortage. Due to uncertainty, this problem cannot be solved by existing direct/indirect optimization technique. For this purpose, different variants of particle swarm optimization technique (viz. PSO-CO, WQPSO and GQPSO) have been developed to solve the problem of the proposed inventory model by using interval

Bizrate.com gives Office Depot a general satisfaction rating of 8.9/10 with a 93% positive rating throughout late months.

Office Depot. Office Depot is known as the second best in the office supplies industry right behind Staples and they also began in 1986 (Hurtibise, 2015). Their first store was in Lauderdale, Florida and there after continued to expand through the southern state. Also, just like Staples they started out by selling the bare office essentials and later as well move further in expanding their product line to draw the attention to gain new customers. In 1996, Staples attempted to purchase Office Depot, but the opportunity was turned down by the FTC and in 2015 both companies attempted to merge; but sadly that was also denied by the FTC stating that both combined as one would be too influential (Hurtibise, 2015). However, in 2013 an approved merger

A study of inventory management at SARK CABLES LTD is undertaken inorder to know the inventory performance and position of the company and to know the strength and weakness and to assess the profitability of the company. Inventories constitute most significant part of assets of large majority of the companies in India. Inventory a double edged sword is usually an asset of an organization, if not used properly it will become liability. It is therefore absolutely important to manage inventories efficiently and effectively in order to overcome unnecessary investment.

Oswego State University of New York is accountable to Central Administration for maintaining the campus Property Control System (PCS) and accomplishing all necessary procedures to perpetuate the system. It is the primary responsibility of the Inventory Control Coordinator to: 1. 2. 3. 4. 5. 6. Educate the campus departmental personnel in the inventory control requirements of the Property Control System. Enforce procedures within this agency that will provide for required equipment control and reporting. Transmit all PCS transaction information to Central Administration. Supervise and conduct annual inventory of equipment as required by Audit and Control. Establish record and reporting procedures that will serve to maintain the campus PCS. Maintain a liaison with campus departments to assure compliance with all Property Control System requirements.

1. EOQ model 2. EOQ cost analysis (problem 1) 3. EOQ model 4. EOQ model 5. Noninstantaneous receipt model 6. Shortage model 7. EOQ model and reorder point 8. EOQ model and reorder point 9. Noninstantaneous receipt model 10. Noninstantaneous receipt model 11. EOQ model and reorder point 12. Noninstantaneous receipt model 13. Shortage model 14. Shortage model 15. Shortage model 16. Quantity discount model 17. EOQ model 18. EOQ model 19. Noninstantaneous receipt model 20. EOQ model 21. EOQ model analysis 22. Noninstantaneous receipt model analysis 23. Carrying cost determination 24. Quantity discount model 25. Quantity discount model 26. Quantity discount model 27. Quantity discount

In addition to inventory management, sales and transaction charts illustrate helpful information such as slow days, peak daily hours, and other insights that can help merchants arrange employee schedules and maximize business opportunities. All reports can be exported for use in accounting software like QuickBooks. ShopKeep’s inventory system is a cut above other similarly priced POS products. ShopKeep is a no-contract, pay-as-you-go, monthly subscription service. There are no extra fees for maintenance and service and all tech support is included in the monthly charge. Shopkeep’s pricing is simple: $49 per month/per register – one of the cheapest in the industry. (POS Options,

One of the most important aspects to consider when comparing the current purchasing strategy with the proposed one is the impact of direct deliveries from external suppliers to the central warehouse on the lead times of spare parts which are ordered by the warehouse planners. Lead times have a big influence on inventory planning and replenishment policies and lead time savings can be very beneficial for the business of a warehouse and the performance of a SPSC (de Treville et al. 2004). Hiller and Liebermann (2001) regard unnecessarily long lead times as a form of waste and minimizing or avoiding waste as a key component of superior inventory management. In the current setting, three stages of the SPSC are involved in the purchasing