Management of Inventories
e activity 2- Use the Internet to research service or product companies; take a note on how they manage their inventories
- From the first e-Activity, examine the best practices found in the video on inventory management.
- From the second e-Activity, choose two service companies that manage inventory and compare and contrast their inventory management systems.
- Based on your evaluation of both inventory management systems from Part 2 of this discussion, propose suggestions to management that would ultimately lead to improve operations.
Solution PreviewFrom the assigned video, there are several inventory management techniques that are discussed. One of the inventory management techniques that was discussed is automation. Automation is where tracking system is automated to ensure that documentation is simplified…