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INVENTORY MANAGEMENT

Pls read and answer all 3 questions. What does just-in-time inventory management have to do with the Carle Heart Center in Urbana, Illinois? The Carle Heart Center is one of the most sophisticated cardiac-care facilities in the Midwest. Integral to the success of Carle are three separate cardiac catheterization labs that are miles apart. These cath labs have pioneered techniques and technologies ranging from intravascular brachytherapy to digital cardiovascular imaging. The latest addition to this forward-thinking heart care center is a department-wide networking system from General Electric Medical Systems called CardioLink. Part of the CardioLink is a just-in-time inventory system. According to Carle’s Cath Lab Manager Alan Kettelkamp, “Department- wide access to our Lab Management Tools not only eliminates the need for maintaining individual inventory systems for each lab, it also allows us to apply just-in-time techniques. We simply push a button to see which supplies are below our par levels, by vendor. Our inventory specialists can then print out replenishment orders and fax them out for next-day shipment. We’re even able to enter the replenishments into our system with a bar-code reader. This system has perfected our ordermanagement process, and it has allowed us to reduce our total inventory significantly.” 1. What are the benefits of the just-in-time inventory management sys- tem to Carle’s Cath Lab? 2. What do you think would be a “safe” inventory level for Carle’s Cath Lab?Is it 3 or 4 days as with Dell, or is it longer? 3. In what other critical service areas besides health care would a just- in-time inventory management system prove beneficial?

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Inventory Management

Research two (2) manufacturing or two (2) service companies that manage inventory and complete this assignment.
Write a six to eight (6-8) page paper in which you:
Determine the types of inventories these companies currently manage and describe their essential inventory characteristics.
Analyze how each of their goods and service design concepts are integrated.
Evaluate the role their inventory plays in the company’s performance, operational efficiency, and customer satisfaction.
Compare and contrast the four (4) different types of layouts found with each company; explain the importance of the layouts to the company’s manufacturing or service operations.
Determine at least two (2) metrics to evaluate supply chain performance of the companies; suggest improvements to the design and operations of their supply chains based on those metrics.
Suggest ways to improve the inventory management for each of the companies without affecting operations and the customer benefit package. Provide a rationale to support the suggestion.
Use at least three (3) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources.
Your assignment must follow these formatting requirements:
Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
The specific course learning outcomes associated with this assignment are:
Evaluate the processes used in designing and producing goods and services.
Determine four layout patterns and when they should be used.
Utilize the concept of supply chain management.
Employ the concept of capacity management.
Evaluate the management of inventories and resources.
Use technology and information resources to research issues in operations management.
Write clearly and concisely about operations management using proper writing mechanics

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