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GDB MGMT617 - Production Planning and Inventory Control

Total Marks 5
Starting Date Friday, May 21, 2021
Closing Date Thursday, May 27, 2021
Status Open
Question Title GDB
Question Description

Lock & Box Store deals in making containers for food storage, and closets. This organization trying to tackle its inventory of what supplies they need to order to their suppliers and at what time. They are facing this issue because of their disintegrated process of inventory management that works on outdated technology. Organization is also facing tough time management for the supplies they receive from their suppliers due to current pandemic situation. Seemingly the organization had an inventory management nightmare that resulted in shortage of few products in the stock and excess of others in the inventory. However, executing a demand management solution through proper planning at the SKU week-level would streamline its inventory level and inventory turnover.

Discussion Question:

Do you think the inventory of the Lock & Box store should be maintained on a perpetual demand basis in the current pandemic situation? Why or why not? Discuss with rationale.

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