ISCOM 305 Week 3 Individual Assignment Parker Earth Moving Consulting Operational Management Session 2
Your team has been asked to evaluate the existing inventory management strategy at Parker Earth Moving Company to find how the company may optimize its operational performance. The company has also asked for a recommendation of which subcontractor to employ.
Resource: Parker Earth Moving Company Consulting: Operational Performance located on the student website under Week Three
Read the scenario for more information regarding the situation.
Write a 350- to 500-word executive summary of your evaluation in which you address the following points:
What are the inventory reorder points and the quantities per order?
What problems exist in the current operational strategy?
Explain your rationale for selecting subcontractor A or subcontractor B. How does the selected subcontractor optimize operational performance?
How would you plan around an emergency, such as a natural disaster? If a hurricane disrupted the supply of raw materials and the work-in-process inventory needed to produce finished goods, how would you modify the reorder points and quantities per order and why?
Format your paper consistent with APA guidelines.