Inventory Management at Amazon.com
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1) Help with the structure of Amazon and its inventory management. In 3-4 pages describe Amazon to include these key areas:
1.The name of the organization
2.Its primary business
3.Why you chose this business
4.Its inventory management procedures. This is the key aspect of the assignment. Be sure to elucidate this in some detail. Does this company use VMI? Could it use VMI? What does it use to ensure it has the right inventory at the right time and control the costs?
Module 1 - Background
Inventory Management
The following links contain information on inventory management and will be beneficial to you as you work on this module's assignments. Please review them after you have looked over the Case Assignment.
Start by reviewing the article below on inventory turnover. It will give you a good introduction on importance of proper inventory management.
Schreibfeder, J. (n.d.). Why is inventory turnover important? Effective Inventory Management, Inc. Retrieved on December 12, 2014, from http://www.effectiveinventory.com/inventory-turnover-2/.
Next, review the information at this link to this website that has numerous resources:
About Vendor Managed Inventory. (2014). Vendor Managed Inventory. Retrieved on December 12, 2014, from http://www.vendormanagedinventory.com/index.php
Case Assigment Reading
Ravichandran, N. (2008). Managing bullwhip effect: Two case studies. Journal of Advances in Management Research, 5(2), 77-87. Retrieved on December 12, 2014, from ProQuest in the Trident Online Library.
Module 1 - SLP
Inventory Management
The Session Long Project is not a term paper due at the end of the course. Rather, the SLP acts as a vehicle to give the topics of each module a personal, concrete expression. These modular Session Long Project assignments are due at the end of each module.
I want you to pick an organization to examine throughout the rest of the course. It may be one you work for or it may not. You will be examining this organization for the following modules' SLP assignments and responsible for locating at least three references to use in each SLP paper to support your discussion points.
This first SLP deals with the structure of this organization and its inventory management. In 3-4 pages (not counting the cover sheet and reference sheet), describe the organization to include these key areas:
The name of the organization
Its primary business
Why you chose this business
Its inventory management procedures. This is the key aspect of the assignment. Be sure to elucidate this in some detail. Does this company use VMI? Could it use VMI? What does it use to ensure it has the right inventory at the right time and control the costs?
SLP Assignment Expectations
Research the organization with information you can find on the internet or other resources you find on your own. The paper should be 3-4 pages in length and have a cover sheet and a reference page. Clarity of presentation is important, as well as your ability to apply the topics to the logistics area of your selected firm. Use at least 3 different sources of information and annotate your sources of information appropriately on your references page and within the text as necessary. You will be assessed on how well you demonstrate your knowledge of the topic as it applies to your selected firm. Submit your assignment for grading by the end of this module.
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Solution Summary
The expert examines the explanation to how inventory is managed at Amazon.com and what role VMI plays in the process.
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AMAZON INVENTORY MANAGEMENT
Amazon.com Inc. is an American ecommerce and cloud computing company based in Seattle, Washington. It is the largest internet based retailer in the United States.
Reason for Selecting Amazon
Amazon is a B2C company, i.e. it sells products and services directly to customers and that too over the internet. The company is a benchmark of growth in itself which makes it worthwhile learning more about it. Amazon started with selling books online but soon diversified into selling all kinds of products over internet. Amazon is always expanding into the latest buzzwords in the industry; best example is the addition of cloud computing services to its product portfolio.
Primary Business
Primary business of Amazon is to connect small businesses and individuals who want to sell their products with customers. In retail, Amazon sells a broad range of products across different product categories to customers worldwide.
Inventory Management
For a retailer of the scale of Amazon it is important to efficiently manage inventory for a smoother supply chain. Amazon realized early on that managing large scale inventory could be a challenge for growth and with a desire to earn more profits the company decided to outsource its inventory management in 2001. Though the inventory is ...
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