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Inventory Management & Supply Chain

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Determine the
- inventory turnover,
- how to increase turnover,
- what to focus on,
- weeks of supply of raw material on hand necessary,
- total cost of ownership analysis and
- selecting suppliers.
Please show all work and include formulas using the Excel spreadsheet I have uploaded.

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https://brainmass.com/business/business-management/inventory-management-supply-chain-589312

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Solution Summary

Excel spreadsheet attached shows how to find and improve inventory turnover as well as the raw materials on hand needed and a total cost of ownership analysis.

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ORUN inventory and supply chain management problems

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2. Using the facts of the case, as well as theories and best practices of Operations Management, prepare a short description as to what you intend to do to address each of the 5 goals above.

3. Explain how you would identify and use measures of effectiveness (identify appropriate metrics) to assess progress in resolving these issues.

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