Identify an improvement project in inventory and supply chain operations in a well-known, international company.
1. Describe how this improvement is planned in terms of:
the supply chain planning techniques and technologies to be applied
the project planning approach
the quality improvement approaches used.
2. Identify any risks associated with this improvement project together with associated mitigating actions you might propose.
3. Use financial concepts and a range of financial evaluation techniques to inform the decision whether to engage in this project, including examples of:
The differences between capital and revenue expenditure
How costs are classified
How costs are allocated
Application and evaluation of appropriate investment appraisal techniques
The learning outcomes:
Understand and evaluate requirements for effective inventory management
Apply an understanding of a control process management system
Assess the advantages and disadvantages of process specialisation and automation.
(Ideally, this should be a famous company within the Automotive sector, Electric Vehicle charging sector, or a tech company).
