ASSIGNMENT HELP | Which type of inventory system would you use in the following situations, and why?

 Discussion topic and question (just a few paragraphs are required, doesn’t need to be too long)

Part 1:

Which type of inventory system would you use in the following situations, and why?

1. Supplying your kitchen with fresh food
2. Obtaining a daily newspaper
3. Buying gas for your car

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Part 2:

With so much productive capacity and room for expansion in the United States, why would a company based in the United States choose to purchase items from a foreign firm? Discuss the pros and cons.

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Respond to two peers discussions below (just need a few sentences in the response)

MODEL ANSWER

Discussion

Part 1

            I would need a fixed-order quantity model to supply my kitchen with fresh food since the activity involves inventory dropping to a specified availability level. In this case, assessing fruits and vegetables (fresh food) depends on the level of consumption, triggering the need to access more products because of the reduction in inventory.

           When obtaining a newspaper, I would use a | PLACE YOUR ORDER NOW AT writtask.com | newspaper is demanded daily, and it should be bought at a specified time. Here, time is daily and is also based on quality.

           Buying gas for the car | PLACE YOUR ORDER NOW AT writtask.com | refilling the fuel is done once there is a trigger once the re-filling location is predetermined. For others, a point of reordering could be half the tank, while for others, it is until the low fuel signal turns on. 

Part 1

           Using foreign firms can provide | PLACE YOUR ORDER NOW AT writtask.com | selection. Some of the pros include more alternatives/ | PLACE YOUR ORDER NOW AT writtask.com | , the potential | PLACE YOUR ORDER NOW AT writtask.com | in costs when it comes to availability of materials, production, transportation, and distribution, | PLACE YOUR ORDER NOW AT writtask.com | the opportunity to move to or access foreign markets. On the other hand, the cons comprise increased distance costs, communication | PLACE YOUR ORDER NOW AT writtask.com | because of culture, distance, and technology. Other issues include government regulations, customs, and political turmoil and instability.

Peer Response 1

           You opted for a fixed order quantity and | PLACE YOUR ORDER NOW AT writtask.com | n supplying fresh food to your kitchen, which is correct as the food types require refilling on specified periods and certain amounts. At the same time, you considered a time factor to be | PLACE YOUR ORDER NOW AT writtask.com | , which I think is relevant in this case, especially when you are buying newspapers every week. Lastly, you are privy of the fact that buying gas depends on the amount left in the tank, and whether there is a signal showing low gas levels. This explains why you chose to use a fixed-order quantity model.

Peer Response 2 

           Your understanding of the | PLACE YOUR ORDER NOW AT writtask.com | in terms of kitchen supplies with fresh foods. At the same time, | PLACE YOUR ORDER NOW AT writtask.com | the newspaper | PLACE YOUR ORDER NOW AT writtask.com | periodic delivery, it is clear that sometimes the right inventory model is required, and as you explained, fixed-time period inventory is the right one, although it depends on the period of order. Lastly, buying gas is not a one-off thing, which means accurate monitoring would require a fixed-order inventory model. …