This is a paper that focuses on the United Logistics Alliances inventory management. The paper also provides a case scenario to use in writing the assignment paper.
The United Logistics Alliances inventory management
United Logistics Alliance is a federal government contractor that works with various military entities. You are a program analyst at United Logistics Alliance, working on an integrated product team with an engineer and a logistics specialist. Your product team has been tasked with creating a proposal for a central logistics facility, which certifies parts and manages the shipping and receiving of parts for aircrafts, vessels, and ships. The proposal will be submitted to the federal government as a competitive bid.
For this project, you will create a proposal to be as a component of a competitive bid for a government contract. You will address the value that successful inventory management provides to an organization, methods for managing inventory, and the impact of demand cycles on inventory management. Specifically, you must address the following:
Inventory management fundamentals: To begin your proposal, you’ve decided to provide a summary of the goal of the proposal to state your purpose to your audience. Be sure to address the following:
Describe the value that successful inventory management provides to an organization. In your description, be sure to consider the following:
What are the financial benefits of inventory management?
Managing inventory: As a program analyst, it’s important for you to understand the theory behind the calculations you’re using to explain the importance of inventory management. In this section of your proposal, you will determine and explain the calculations used when managing inventory, using the attached data set. In addition, you will explain the considerations made when determining the best method to use in a given situation:
Explain various methods for counting and managing inventory. In your explanation, be sure to consider the following:
What considerations are made when determining which method to use?
Describe the basic assumptions made when completing optimal order quantity calculations. In your description, be sure to consider the following:
Which variables to consider when completing your calculations?
Why are these considerations important?
Use the economic order quantity to calculate the optimal quantity of inventory to order.
Determine the point at which you should reorder more inventory by calculating the reorder point.
In this part of your proposal you will explain how demand cycles impact planning for inventory supply and demand.