Companies are under constant pressure to manage their inventory mix and quantities. Not having the right products or not having products in stick can result in lost orders or reduced customer satisfaction resulting in lost customers, Having too much inventory puts a real strain on cash flow as you have money tied up in inventory sitting on a shelf costing you carrying, insurance, and other costs. Therefore, the question for this discussion is:
Highlight and explain the three biggest challenges that companies face when managing their inventory mix and quantities?
Your Opinion Voice your opinion in the main post and state three reasons to support your opinion. You are to form your own opinion and reasons and not just summarize articles you may have found online. Incorporate your research into your reasoning. Recognize that the introduction to these instructions already identified not having the right products, no having products in stock, and pressure on cash flow as ciallenges. You need to add to this list.
In addition, keep in mind these requirements for your main post:
■ Support your reasons with at least two outside sources not given to you in this course
■ Use in-text citations so we know where in your ma n post you use the information you found.
■ Include the URLs at the end of your post in case we want to read more from your source.
■ If you have a personal experience include it but it iss not required.
Main Post Guidelines (300-word minimum)
■ Your subject line should give us an indication of th content of the message (e.g., Three Challenges to Managing Inventory Mix and Duantities)
■ Use the 5-Paragraph Format c Paragraph 1: Set the context. Then state the three challenges in a few words. IMPORTANT: The last sentence of the first paragraph should preview your three challenges in one sentence. It should look like this: “I think the three biggest challenges to managing inventory mix and quantities are , Paragraph: Explain Challenge