Identify an improvement project in inventory and supply chain operations in your organisation or an organisation you are familiar with.

Identify an improvement project in inventory and supply chain operations in your organisation or an organisation you are familiar with.

1. Describe how this improvement is planned in terms of:

the supply chain planning techniques and technologies to be applied
the project planning approach
the quality improvement approaches used.
2. Identify any risks associated with this improvement project together with associated mitigating actions you might propose.

3. Use financial concepts and a range of financial evaluation techniques to inform the decision whether to engage in this project, including examples of:

The differences between capital and revenue expenditure
How costs are classified
How costs are allocated
Application and evaluation of appropriate investment appraisal techniques

The learning outcomes for this assignment are:

Understand and evaluate requirements for effective inventory management
Apply understanding of a control process management system
Assess the advantages and disadvantages of process specialisation and automation

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