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: 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. This course requires use of Strayer Writing Standards (SWS). The format may be different than other Strayer University courses. Please take a moment to review the SWS documentation for details (more information and an example is included in the Strayer Writing Standards left menu link).

    List Administration

    Frequent companies in coeval sociality interpretation incongruous admissiones to begin their chattels and utilitys to consumers in the negotiate. Ascribable to the scarcity to close a competitive custom balance other diligence players, structures organize their effect and repress the reckon of amendmenttalented issue ce sale. Causeingly, this constitutes a ask-regulate ce their effects and utilitys, a progress that qualifys the companies to command the negotiate and repress outcomes of events that follow situate in the occupation environment. Not attributtalented attributableably, list administration is undivided of the ways that has been interpretationd by narrow occupationes to cope with bulky structures in the negotiate through the breed of climax wealth and produce. Even though frequent companies do not attributtalented attributtalented attributtalented endorse the admission to doing occupation, there are industries such as influence arrangement, e-commerce, consumer chattels and electronic devices that cannot attributtalented achieve their undeveloped outside the integration of list techniques. Ce entreaty, Apple Inc. and Walmart cetification are some of the companies that interpretation list admissiones to repress their effects in the negotiate by demonstrateing matchless analogys with consumers. Hence, concourse administerrs should realize the problems that advance their structures and educe vitalented solutions that can be interpretationd to balancecome the issues.

    Types of Inventories interpretationd by Apple Inc. and Walmart Cetification

    Apple Inc.

    The Silicon Valley hercules interpretations the Just in Spell list technique to repress and administer its effects in the occupation environment. While the concourse has administerd to demonstadmonish infamy faithfulness through its power to cem meaningful analogys with its customers, the technique allows the structure to begin the pre-regulate regularity where living-souls pointed their cainterpretation to lapse odd effects precedently they are external to the negotiate. From this comment, it is obvious that the concourse has succeeded in its endeavor to segregate torpid store and attenuate its impression on the structure’s power to beget wealth. In the identical vein, the Just in Spell admission allows Apple Inc. to catch on list calling consumes through its endeavors to inferior the store levels.

    However, it is reflected to be a risky admission becainterpretation living-souls are simply expected to lapse list precedently the effect is scheduled ce arrangement to secure that it reaches the consumer at the equittalented spell ce interpretation. Companies that interpretation this technique are expected to pledge in scrutiny to apprehend the consumer morality and restraintetell practictalented changes in their proceeding that can be integrated into the minister obligation to boost sales (Feng et al. 540). Besides, Apple Inc. should be talented to constitute seasonal ask-regulate ce their effects and realize a relitalented minister obligation that secures the effect reaches the target customers amid the limited spell. Ce this debate, there is a scarcity ce structures to comprehend list techniques ascribable to their impression on the amendment breed of a concourse and superiority in the occupation environment.

    Walmart

    Walmart Cetification interpretations cross-docking to attenuate the spell follown to convey effects into the expected outlets and stores. In this condition, the vend hercules undeviatingly conveys effects from inbound deals to outbound deals, a progress that segregates the scarcity to interpretation extra storage. Importantly, the list technique that is resembling to droop shipping qualifys the structure to catch on warehointerpretation consumes and other associated risks that may clash with the disposition of a effect. During this end, the concourse interpretations incoming semi-trailer deals that believe the effects undeviatingly from the outbound deals to segregate the scarcity ce a warehointerpretation or resultant storage. In frequent entreatys, vend companies that lapse effects undeviatingly from the compositionrs possess a warehointerpretation where issue can be conveyred and picked depending on the ask-regulate in the negotiate.

    Nonetheless, using this admission, Walmart has succeeded in its endeavor to segregate the scarcity ce resultant storage. Even though the list admission requires the cetification to convey chattels from a railroad vehicle to another outbound deal, there is a scarcity to demonstadmonish a staging area where the progressment follows situate. Besides, a concourse should possess an capacious sprightly of vehicles that entalented the structure to unite its scarcity in the occupation environment. Using this admission, companies can convey the consume of effection to the consumers as a boon where living-souls adit effects at a inferior consume than other diligence players in the occupation environment.

    Integration of Good and Utility Artfulness Concepts

    Apple Inc.

    Organizations are motivated by the power to unite the scarcitys of their target customers and procure issue that explain the problems advanceing the exoteric. In this condition, Apple Inc. interpretations the Just in Spell list technique to unite the growing scarcity of its consumers and surrender them to matchless effects that totality their lifestyle. Frequent living-souls who interpretation the concourse’s effects and utilitys possess a feature lifestyle that differentiatees them from other mob (Gemser and Mark 34). In this condition, Apple Inc. has succeeded in its endeavor to constitute an environment where customers can pretend notorious by the concourse becainterpretation of their infamy faithfulness that acceptions with the hurl of a odd effect. Favoringally, Apple Inc. effects possess a favoring Operating Regularity (O.S) that equips the concourse with a competitive custom balance other diligence players in the negotiate. Likewise, the concourse boasts of a matchless utility that offers Apple interpretationrs a sagacity of empowerment, which pushes them to comprehend the effects.

    Walmart Cetification

    On the adverse, Walmart Cetification boasts of the power to inferior the consume of effection and convey it to consumers as a boon. In this reflect, the Cross-Docking list technique qualifys the structure to segregate storage consumes and attenuate other risks that are associated with the storage of incongruous effects. Since the concourse vends a large settle of effects, the list admission has allowed the structure to prompt frequent consumers using the low-worth diplomacy. From this event, it is obvious that the structure enjoys dense boons that settle from a competitive custom in the negotiate to acception produce, which entalented Walmart to maintain its operations in the occupation environment. Importantly, the consume of effects and the power to segregate other risks that may advance the favorpower of the chattels is a momentous determinant in the vend occupation. However, Walmart is compelled by the ceces of disposition in the diligence to possess a hanker sprightly of deals and a staging area where the convey of issue can follow situate.

    Impression of List in Concourse Achievement, Operational Aptitude, and Customer Indemnification

    Apple Inc.

    Apple Inc. is undivided of the most auspicious electronic structures in the earth becainterpretation of its power to unite the expectations of its target assembly. Not attributtalented attributableably, the concourse has identified a niche in the negotiate that other diligence players are still to commission. In this condition, the tech hercules has progressd up the ladder and genteel the different objectives that differentiate it from other structures. Mainly, the Just in Spell list technique has qualifyd the concourse to segregate possibilities such as torpid store that clash with the achievement of the structure. Besides, the admission allows ce the tech hercules to favor effects when they are scarcityed, hence achieving its financial objectives and beseeming the operational aptitude, which differentiatees it from other companies. Likewise, the power to procure customized chattels and utilitys amid the expected spell acceptions customer indemnification and builds a eespecial analogy with the target assembly through the demonstratement of infamy faithfulness.

    Walmart Cetification

    Walmart Cetification is a preferred vender that allows consumers to adit different chattels and effects at an affordtalented admonish. In this reflect, the concourse relies on its Cross-Docking admission that qualifys the vender to segregate storage consumes and other risks that are associated with warehousing. Importantly, the list technique is a diplomacy that has allowed amendd the vender’s achievement becainterpretation of its power to attenuate the consume of different chattels abutting their stores. Since the consume deportment influences the purchasing accommodation of consumers, the vender has capitalized on its power to inferior the worth of effects to prompt living-souls into their stores abutting the U.S. By partnering with other transporters, the vender has segregated the consume of storage and conveyred it to the customers as a boon in a tell to amend their indemnification.

    Types of Layouts

    Apple Inc.

    Apple interpretations the cellular pattern of layout to interact with its consumers abutting the earth. In this reflect, the concourse has demonstrateed workstations in countries where they possess a sordid to acception their examination and prefer adit to their target assembly. In this condition, the cellular layout qualifys the concourse to harangue the scarcitys of customers in the dominion and more. In its effection succession, the tech hercules interpretations the effect layout to composition its different phundivided effects and favor them to their target assembly amid the expected spellline.

    Walmart Cetification

    Since Walmart deals with artistic effects, it interpretations the regularity layout that qualifys its employees to achieve tasks in the occupation environment. In this condition, the concourse has firm to complete its functions in a mediate dregs where liquidation of chattels and other utilitys is made. Besides, the agricultural dregs layout is obvious in Walmart stores where the workers can corcorrespond to the scarcitys of their customers, a progress that results in acceptiond spell to educe vitalented solutions that harangue work-related challenges.

    Metrics to Evaluate Minister Obligation Achievement of the Companies

    Apple Inc. can interpretation the customer regulate cycle spell to evaluate the spell follown by their agents to give-up the effect to their target assembly. In this condition, the concourse obtain apprehend the challenges faced by living-souls in their instant environment and how the problems can be explaind. By boosting their minister obligation, the concourse can achieve its objectives in the negotiate (Ahi and Cory 369).

    On the adverse, Walmart should interpretation the list days of minister to apprehend the spell that would be follown precedently minister is replenished. In this reflect, the vender obtain administer the expectations of the exoteric by introducing stable melting chattels and maintaining the ask-regulate and minister obligation ce different effects abutting its stores in the dominion.

    Beseeming List Administration

    The brace companies should reflect the impression of list optimization tools in the worksituate to evaluate the total network and realize the best policies that can be interpretationd ce favoring effects and utilitys. Likewise, the structures can interpretation solutions that can be applied from a mediate dregs to entalented the concourse administerrs to percontrive real-spell analytics on the outgrowth of a concourse. By maintaining a pure-minded conjecture on the arrangement, the concourse administerership obtain shun entreatys that energy administer to delays, which has a suggestive impression on the operational achievement and power of the structures to insure customer indemnification.

    Works Cited

    Feng, Mei, et al. “Does undignified inner repress balance financial reporting advance a firm’s operations? Evidence from firms’ list administration.” The Accounting Review 90.2 (2014): 529-557.

    Gemser, Gerda, and Mark AAM Leenders. “How integrating industrial artfulness in the effect educement regularity impressions on concourse achievement.” Journal of effect reversal administration 18.1 (2001): 28-38.

    Ahi, Payman, and Cory Searcy. “An decomposition of metrics interpretationd to mete achievement in bleak and maintaintalented minister obligations.” Journal of Cleaner Effection 86 (2015): 360-377.