ASSIGNMENT : Consider a local retailer and analyze its inventory policy

Please single space so that when expanded to double space, the paper will be at least two pages.

consider a local retailer and analyze its inventory policy (as best you can). Make some determination of the retailer’s policy on inventory levels, stock-outs, backorders, and safety stock. Provide reasons why you chose those policies for that particular retailer.

SAMPLE SOLUTION

Wal-Mart’s Inventory Management Policy Wal-Mart is a retailer giant that stocks products made in over 70 countries and runs more than 11,000 stores distributed across 27 countries. It has been estimated that the retailer manages more than 30 billion dollars of inventory. The successful management of stocks has been touted as one of the primary factors that have led to the overall profitability of the firm. With the numbers mentioned above, it is imperative that efficient and effective inventory management policies are applied to ensure acceptable inventory levels, stock-outs, and back orders (Brea‐Solís et al., 2015). The company employs the finest technology in its inventory management, in addition to the continuous innovations regarding the methods and strategies for managing its inventory. Whereas other factors contribute to the success of Wal-Mart, a robust and sophisticated inventory management is at the epicenter…