The Privileged Fly

1. (TCO 2) List at least FOUR sources you will use to obtain information about the firm’s strengths, weaknesses, opportunities, and threats. Discuss what categories of the SWOT elements of information are readily available on the Internet. What categories of data are difficult or impossible to find on the Internet? (When using the Internet, be sure to provide specific websites or URLs.)

Strategic Warehouse Management, Inc. is one of the most popular warehousing businesses in the U.S. This organization is focused in the creation and management of warehouse operations. The CEO’s market development team believed that opening a warehouse in Australia is such a marvelous opportunity for the business to grow in the international market. This warehouse can serve many businesses in Australia. The management immediately designed a plan to establish and operate a “non-resident company” in the said location. They even desired to open a warehouse in any city in Australia. Thus, there are a number of Australian clients who embraced the idea. They even asked the company to take charge of their goods from Australia to the

The company can achieve the requisite productivity levels to meet sales projections since it has a very efficient inventory management system and ordering system. However, problems may arise due to unpredictable external issues (i.e. lowered demand, declining economy, etc.).

“It’s a lifestyle, not the right style,” was my company’s motto, Fly Pride was my teams’ name and Fly Pride was the on clothing labels. Fly Pride was a clothing line that catered to trendy and fashion forward young men and women. Our target audiences were individuals who prided themselves on being contemporary and abreast with the most recent popular songs, phrases, sneakers, etc. Simply put, we captured the current fashion trends images and/or words and artistically printed it t-shirts. My sister and I designed fashion t-shirts for Fly Pride’s women’s line and our counterparts were three young men who designed for Fly Pride’s men’s line. As a clothing designer apart of the Fly Pride team, which operated for less than a year, it was coherent

Assume the role of Pierre Pirard, I would execute the supply chain re-engineering for the value it could bring. The turnkey strategy would greatly improve Elizabeth Arden’s performance on supply chain efficiency and effectiveness. The plan should include supplier consolidation to reduce COGS as well as an improvement on working capital. It also requires a re-design of the organization structure.

Considering these above mentioned features, to take over the company, it is essential for Joe Jr. to take due attention to a proper approach for inventory management, calculate an appropriate inventory level for each product, making it in line with the company’s business strategy, the market demand in the upcoming period:

Inventory control and management is usually the last thing that is on the mind of independent practice owners. However, failure to properly take care of inventory will result in operational problems and poor customer satisfaction.

When offers of reduced pricing are accepted for equipment, meeting delivery expectations becomes an important part of enhancing the customer experience to maintain satisfied loyal customers. An inventory specialist in the current distribution center would be given the additional task of segregating and maintaining inventory levels to meet the needs of the customer loyalty department.

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

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

3. Most managers of Wings & Legs see the exchange of tactical information about (price)

Inventory management has two very different, but effective methods: Vendor managed inventory, and consignment inventory. A company may choose to utilize either of these two methods to manage inventory. If a company is able to manage inventory, they will be better able to work the company's capital to the fullest extent. The following paper will identify the differences between the two as well as identify what type of company is best suited for each method.

Managing what's in a warehouse or on the shop floor can be extremely complex if you're looking for optimal cost and supply chain management capabilities( Needleman, 2017 ). Inventory estimation and control is directly impacted a company’s profitability.

The management level can then decide on the inventory management criterion. The company can work on ordering the materials that are in shortage or mange the priorities according to the seasons and the products the customer desire to purchase.

According to InventoryManagement.com “The scope of inventory management also concerns the fine lines between replenishment lead time, carrying costs of inventory, asset management, inventory forecasting, inventory valuation, inventory visibility, future inventory price forecasting, physical inventory, available physical space for inventory, quality management, replenishment, returns and defective goods and demand forecasting.”