Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

Week 2: Customer Demand & Inventory - Assignment Example

Comments (0) Cite this document
However, with the past documented records on the instances where the customer demand varies then such a firm can make use of the lead time and avail the necessary products as well as material for the…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.7% of users find it useful
Week 2: Customer Demand & Inventory
Read TextPreview

Extract of sample "Week 2: Customer Demand & Inventory"

Logistics How can firms cope with huge variability in demand? Firms find it difficult to deal with variability in the customer demand. However, with the past documented records on the instances where the customer demand varies then such a firm can make use of the lead time and avail the necessary products as well as material for the customers. Another method that can be adopted to deal with customer variability is to have the ability to expand the production process by the firm or its suppliers to enable the firm to have the capabilities and materials needed to expand its operations as well as its production. This requires a firm to be flexible if it is to deal with the variability of customers demand and at the same time maintaining the safety stock. In this case, if the information is shared between the firm stakeholders then variability in the customers demand can be dealt with appropriately (Simchi-Levi, Kaminsky & Simchi-Levi, 2003).
2. What is the relationship between service and inventory levels?
In most cases, the higher the inventory level, the more likely for a firm to preserve advanced service levels. This was used in the past inventory management techniques. However, the current techniques used in the inventory management make it possible for a firm to increase its service levels while at the same time having a little or no influence on its service levels.
3. What is the impact of lead time, and lead time variability, on inventory levels?
The unpredictability in demand augments so does the regular lead time, as well as, the inconsistency of lead time increases. Higher lead time variance causes the inventory levels to increase depending with the given service level. In addition, the longer the lead time the higher the increase in the inventory levels. The length of the lead time is also influenced by the customer variability demand, and this will effectively raise the inventory levels.
Simchi-Levi D., Kaminsky P., & Simchi-Levi, E. (2003). Designing and Managing the Supply Chain Concepts, Strategies, and Case Studies. New York: McGraw Hill Professional. Read More
Cite this document
  • APA
  • MLA
(“Week 2: Customer Demand & Inventory Assignment Example | Topics and Well Written Essays - 250 words”, n.d.)
Week 2: Customer Demand & Inventory Assignment Example | Topics and Well Written Essays - 250 words. Retrieved from
(Week 2: Customer Demand & Inventory Assignment Example | Topics and Well Written Essays - 250 Words)
Week 2: Customer Demand & Inventory Assignment Example | Topics and Well Written Essays - 250 Words.
“Week 2: Customer Demand & Inventory Assignment Example | Topics and Well Written Essays - 250 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Week 2: Customer Demand & Inventory

Customer Satisfaction and Demand

... Satisfaction and Demand For Quality In Public Utilities Introduction: The original reason for nationalization of monopoly industries like coal, rail, shipbuilding, steel and public utilities was that it was too easy to earn profits in them. However when the state took over, the opposite happened and the industries plunged into huge losses. In private businesses everybody from the entrepreneur to the workforce was benefited if the business succeeded. If the business was not able to attract customers it simply dissolved. On the other hand if a public utility failed the state pumped in more money to salvage it. (Macrae 1991) Although there is a strong case for privatization of industry, in many countries the political forces of welfarism...
6 Pages(1500 words)Essay

Week 2

... WEEK 2 There are three main kinds of data included within an epidemiological assessment. These factors are genetics, behavior, and environment. Genetics helps to establish the health problems facing a certain target population. The environment helps the researcher determine as to whether ones surroundings may cause harm to their health. Behavior helps to set a basis for program priorities among different health problems. 2. The first phase found in MATCH is Educational and Ecological Assessment. The second phase is the Administrative and Policy Assessment and Intervention Alignment. If I were given the task of developing a nutrition information board at a corporate fitness center, first I would establish a dietary guidance. This helps...
1 Pages(250 words)Essay

Week 2

...The Art of Noble War through Literature; Lesson Plan: 14 Lesson Grade Level: 3rd grade Allocated Time: one hour a day for one week Content Area(s) Addressed: interaction between children and adults and what society expects of them Setting: a theatre hall or a hall that is larger than the ordinary classroom. This will allow for brief demonstrations by the students and the instructor from the selected texts. Topic: Young Oliver Twist Lesson Standards: these will be in tune with provisions endorsed by the Florida department of education. The main provisions considered are professionalism from the teacher...
2 Pages(500 words)Essay

Week 2

...Week 2 Week 2 Vendors that filter employee use of the internet and their primary features As the advancement of technology specifically with regards to information technology and communication, various challenges that were not there in the past during the analogue age are presenting themselves. Such challenges are especially as a result of the revolutionary high technological aspects of the internet and networking. A good example of such challenges is hacking of an organization information and technology infrastructure (Amoroso 2007). As a result, companies that specialize in offering protective products from such challenges have come up. A good example is the Clearswift Company. Clearswift is a company that specializes on information...
2 Pages(500 words)Essay

Week 2 discussion 2

...NASDAQ STOCK MARKET   NADAQ stock market NASDAQ COMPOSITE INDEX YEARLY RETURNS YEAR BEGINNING PRICE ENDING PRICE GAIN OR LOSS PERCENTAGE GAIN OR LOSS 2004 2003.37 2175.44 172.07 8.59% 2005 2175.44 2205.32 29.88 1.37% 2006 2205.32 2415.29 209.97 9.52% 2007 2415.29 2652.28 236.99 9.81% 2008 2652.28 1577.03 -1075.25 -40.54% 2009 1577.03 2269.15 692.12 43.89% 2010 2269.15 2652.87 383.72 16.91% 2011 2652.87 2605.15 -47.72 -1.80% 2012 2605.15 3019.51 414.36 15.91% 2013 3019.51 4176.59 1157.08 38.32% Introduction The NASDAQ stock market is an American securities exchange that is the second largest securities exchange worldwide by market value capitalization after the New York Securities exchange. Started in 1971, the stock market has... STOCK MARKET ...
6 Pages(1500 words)Assignment

Week 2

...Computer Sciences and Information Technology al Affiliation It is a fundamental requirement that everyone gets to understand the risks associated with information flaws, so as to make informed decisions on how to secure information. With the advancement of technology, there has been encroachment into private information through various forms of cybercrime. Several organisations have fought to get to mitigate this vice through various measures. Many systems have been developed but still the ordeal is critical. In this essay, there is a sample case study of a company security system, furthermore there are two articles namely “A Stuxnet Future? Yes, Offensive Cyber-Warfare is Already Here and Thinking Again: Cyber War... Sciences and Information ...
2 Pages(500 words)Assignment

FDT 2 week 2

...The proponent of the posted thought specifically explicated that border security means keeping illegal immigrants from coming to the United s undocumented. This is an interesting point, because this is just part of the general essential points linked to understanding the idea of border security. However, the author seems to have taken it literally, though I have not seen any mistake about it, but border security could mean more than the idea of understanding the physical boundary. It should significantly tell about the whole issue of security, by which citizens will have to consider their safety and protection. I am convinced that border security means more than just the concept of the legal documentation of people coming... proponent of the...
1 Pages(250 words)Essay

Discussion Question 2 Week 1 Supply and Demand

...Supply and Demand: Discussion 2 Week al Affiliation Supply and Demand: Discussion 2 Week E-Activity - Select a good or service in which you are interested. Use the Internet to locate information regarding the supply and demand of this good or service. Be prepared to discuss. The recent launching of iPhone 6 revealed that the demand for the product far exceeded the supply (Etherington, 2014). The supply was reportedly established using historical figures of previous iPhone sales and using information of pre-demand orders (Etherington, 2014). The figures on the number of iPhone 6 units sold during the first weekend confirmed that a total of 10 million units were sold and still, more people are waiting to be served. 1. From the e-Activity...
1 Pages(250 words)Assignment


... of the needs in the hierarchy, whereas Maslow’s theory considers a systematic satisfaction of the needs starting from the bottom to the top. The third difference also relates to the movement within the hierarchy (Loh, Dawn, & Schapper, p. 14). The ERG theory states that a person can move backwards in the satisfaction of their needs, while Maslow’s theory states that once a need is satisfied the situation becomes permanent. I have applied the ERG theory in various ways. For instance, there was a time when I became sick and had an admission at the hospital. The treatment took a whole week and I could not manage to pay the bill because the money I had was meant for the college semester that followed. However, I had to employ the ERG theory...
1 Pages(250 words)Assignment

Week 2 #2

...Pay Equity Affiliation Introduction Equity is the key theme of compensation practice and theory arising in diverse context (Dreher & Dougherty, 2002). A firm’s approach to equity is as significant as the real programs implemented. Typically, organization emphasize on external equity in their compensation structures design. Companies need to focus on both internal and external pay equity. Hence, what is the relationship between pay equity and knowledge, ability and skills? Management of the internal pay equity is of great importance. Firstly, the company transparency in pay practices along with employees trust boosts employee morale and enhances their loyalty. Secondly, the internal pay equity creates a good sensible business; thus...
1 Pages(250 words)Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Assignment on topic Week 2: Customer Demand & Inventory for FREE!

Contact Us