MT435-Unit 10: Inventory Management

Unit 10: Inventory Management. Research the following topics related to Inventory Management: Demand Inventory control systems EOQ Role of inventory management Reorder point Select three of the topics listed and compose three paragraphs describing the topics, one paragraph per selected topic, based on the course material and additional research you conduct online.   Operation Management Journal   Inventory Control Systems Inventory control systems refer to computerized stock control systems used by businesses to manage inventory. Inventory control systems enable businesses to accomplish a number of objectives in relation to stock control (DuBrin, 2011). These objectives include tracking, shipping, purchasing, reordering, storage, warehousing, and among other objectives. Computers that utilize specialized software and hardware components monitor modern inventory control systems. In various businesses, the activities involved in accomplishing the various objectives are often contained within different subsystems. However, the various functions necessary to accomplish the objectives occur in sequence in order to achieve a robust stock control system. EOQ Economic order quantity (EOQ) refers to the quantity of materials or...
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Human Resource Management and Project Management Paper

Human Resource Management and Project Management Paper Professional service organizations help professionals maintain their careers via continuous learning, provide social and business networking opportunities, promote leadership and mentorship within the field of the profession, and provide standardization for the profession. Additionally, the   Operation Management Name Institutional Affiliation     The Society for Human Resource Management (SHRM) is considered the largest HR membership organization that is concerned with human resource management. SHRM outlines a number of human resource management principles which concerned organizations and individuals are expected to observe. On the other hand, operations management is a field of management that is concerned with achieving efficiency and effectiveness in the production process through the redesigning of the various business operations. The core objective in operations management is to ensure that resources are utilized efficiently in meeting customer needs. The first human resource management principle is professional responsibility. This principle advocates for all HR professionals to act in a professional manner. For example, HR professionals should avoid conflicts of interest, prioritize the...
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