Competitiveness and Inventory Management Essay

To be competitive, many fast-food chains expanded their menus to include a wider range of foods. Although contributing to competitiveness, this has added to the complexity of operations, including inventory management. In what ways did the expansion of menu offerings create a problem for inventory management? One form of inventory is sentry duty stock, which is primarily carried by companies to see a variety of products is available at all times. However, safety stock ties up capital and hinders cash flow.Using the Argosy University online library resources and the Internet, research safety stock. so respond to the side by side(p)As a manager, what recommendations could you provide to reduce inventories as it relates to safety stock? What parameters would lead you to believe that (a) large safety stock, (b) small safety stock, and (c) zero safety stock would be advantageous for the organization? Be sure to provide examples and data in support.After your initial military post, dis cuss the followingWhat are some of the ways in which a company can reduce the need for inventories?How has technology aided inventory management?How have technical improvements in products such as automobiles and computers impacted inventory decisions?Write your initial response in 200 to 300 words. Apply APA standards to citation of sources.By Saturday, June 28, 2014, post your response to the appropriate Discussion Area. Through Wednesday, July 2, 2014, review and comment on at least two peers responses. Consider the following in your response come through a statement of clarification or a point of view with rationale.Challenge a point of discussion or draw a blood between one or more points of the discussion.