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In this course, you will examine a problem or issue through the lens of Quantitative Analysis. This means that you must choose a project that is very specific, focused, and one on which you have a grasp of the inputs, process, and outputs. It would be beneficial if you could work with a specific issue in your workplace, as it moves the theory to practice, and you can improve your work life by applying the lessons from this course. You will work on the project throughout this course, help one another by discussing your ideas in the Discussion Board, and hone your skill sets through collegial debate. Your paper will be approximately 10-20 pages in length, formatted in current APA format, include tables and/or figures, and have the following headings:  Introduction: A brief section that describes the symptom that you noticed, and provides readers with an understanding of the process.  Description of Problem: Developed through the Module 2 discussion forum.  Methodology: Developed through the Module 5 discussion forum.  Data collection: Developed through the Module 6 discussion forum.  Data Analysis: Developed through the Module 7 discussion forum.  Recommendations: Your interpretation of the analysis; provides readers with your ideas of your next logical steps. This could be a formal presentation to your boss, or perhaps a team meeting to highlight the issue, or so forth. This paper should be much like the case studies at the end of the textbook chapters. The introduction is the part of the case that is printed in the textbook. The remainder of the paper contains the details of how you collected the data and did the analysis. It will then end with the findings and recommendation. As a resource, a template containing preformatted headings is provided for download. Using this template will take some of the work out of doing a paper. You can add subheadings as necessary. In Chapter I, if you do not use any of the several subheadings there, just delete that section.

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Title on One or Two Lines by Author’s Full Name A Term Paper Submitted to ERAU Worldwide in Partial Fulfillment of the Requirements of the Degree of MGMT 524 Embry-Riddle Aeronautical University Worldwide Online Campus Month Year ii Abstract Researcher: Authors Full Name Title: Title on One or Two Lines [This will be exactly the words as on the title page except NOT bold faced. If the title is more than one line, it should be singlespaced. The title does NOT have a period at the end of it.] Institution: Embry-Riddle Aeronautical University Degree: Master of Science in Year: 2013 [Start text here. A single block of text, not paragraphs. Should be 150 word maximum and must fit on one page.] [All text in the Abstract and in the document will be left flush, DO NOT use full justification.] iii Chapter I Introduction This is a statement of the background of the problem, what led up to where we are now. Assumptions List of Definitions List of Acronyms 1 Chapter II Description of the Problem Start text here. Use subheadings as appropriate. Summary Start text here. You need to summarize all the above in one or two paragraphs. 2 Chapter III Methodology Sources of Data Start text here Procedures 3 Chapter IV Data Collection 4 Chapter V Data Analysis Start text here 5 Chapter VI Recommendations Start text here 6 References [Note: All entries here must be in APA format.] 7 My research project is about: For this research project, I plan to examine how over ordering and shelf life capability affect our inventory status on a daily bases and the impact this may cause filling our customer’s needs. FreshPoint is North America’s largest wholly owned produce distributor, so ensuring we provide the best quality produce means having a tight inventory and micromanaging the quality of each produce item we receive. Given produce is a dying field, we emphasize the importance of quality while maintaining inventory control. When inventory isn't managed well, you can wind up with overstock, too much of certain items. Overstock comes with its own set of problems. The longer an item sits unsold in inventory, the greater the chance it will never sell at all, meaning you'll have to write it off, or at least discount it deeply. The goal of my research is to examine inventory management within my company while focusing on strategies to increase efficiency and productivity. Here is more background on my research paper One of the tools that I need to make use of is the QM model which enables an individual to create excellent statistical analysis better than the use of spreadsheets Here is more background on my reaserch paper In the research that I am about to make is all about the proper management of inventory in my company in order to obtain a high production and efficiency within my company, and also, to satisfy the needs of the customers. Now, the research problem in this research focus or research problem will examine the stock balances my company and also, to investigate the reliance between organizations' level of stock and efficiency communicated as far as profit for resources. Additionally, focus on proper inventory management within my company. Starting with this research, I have implemented the effective methodology in order to get data needed for my research. I have to find out the solution to my research problem, through the utilization of empirical research. This research will present the results empirical research embraced on a delegate test of various organizations who are investigating their stock levels alongside reliance on the organizations' stock levels and profitability. I will additionally break down expenses and advantages of changes in stock level. The free factors which decide net income have been chosen and the relations between them have been characterized. For the exact plan of the connection between an arrangement of autonomous factors, scientific strategies have been adjusted with a specific end goal to yield net savings as the reliant variable. Based on inquiring about outcomes, I have to present another numerical enhancement demonstrate and with this model an organization can consider net savings from changes in stock level and set up the ideal stock level keeping in mind the end goal to enhance productivity and efficiency of the company. As part of my methodology, I will utilize the application of Return On Assets (ROA) as a measure of the company's profitability. I have to use this application since I am not inspired by the capital structure impacts that are certainly caught by ROE. It is all the more regularly used to gauge budgetary execution of organizations. Utilizing this technique from insights, I have researched whether there was a connection between stock level and benefit. To enhance the nature of the investigation and graphic insights examination, I utilized money related proportions. I have to manage the data that I need to this project that would relate to the solution of this research. These data are as follows: Inventory/current assets ratio, Inventory/total assets ratio, Return on total and the assets. These data will help me to find what will be the next approach that company should have to implement in order to manage properly the inventory. This is because, the outcomes of these data will allow me to see if the company need to be wiser in dealing with the inventory, such making a policy to reduce the stocks, or to avoid over-ordering and shelf life capability, as it affects the inventory status on a daily bases and may cause filling our customer’s needs. The contribution of this paper is to model all the relationships between independent variables which determine net savings from changes in inventory policy as a dependent variable. The optimization model can be used as a tool to consider changes in inventory policy and to make optimum use of inventories in order to achieve a maximum return at an acceptable level of risk. The company should modify its stock approach just if net gainfulness happens from a correction of a stock strategy. Before overhauling its stock arrangement, an organization needs to measure the benefit potential against the open door expenses of holding stock and the expenses related to keeping stock. The expenses related to keeping stock incorporate warehousing, taking care of, protection and property charges. In building up another model for figuring net reserve funds from changes in the stock arrangement we utilize the fundamental systematic idea of looking at the extra income versus the open door expenses of conveying incremental stock and holding costs.
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Examining Inventory Management and Strategies to Increase Productivity and Efficiency

by

Author’s Full Name

A Term Paper
Submitted to ERAU Worldwide
in Partial Fulfillment of the Requirements for the Degree of
MGMT 524

Embry-Riddle Aeronautical University
Worldwide
Online Campus
Month Year

Abstract
Researcher:

Authors Full Name

Title:

Examining Inventory Management and Strategies to Increase Productivity and
Efficiency in Fresh Point Company

Institution:

Embry-Riddle Aeronautical University

Degree:

Master of Science in

Year:

2013

Profitability and efficiency of the distribution companies face significant
challenges when improper strategies get applied in inventory management. The challenge
magnifies when over ordering of stock and shelf life capability is out of control. This study aims
to examine inventory management and the strategies required to increase productivity and
efficiency in Fresh Point Company. The company is the most extensive produce distributor in
North America and is located in the United States. The research adopted empirical research in
finding solutions to the problems experienced in the produce sector. Observation, interview
surveys, and documentation served a purpose in the research methodology. The study found out
the failures related to improper inventory management and strategies to fix the challenges. The
study on Fresh Point’s ratio analysis revealed problems that affect its productivity. The
information in this study is useful to organizations involved in the supply chain management.

ii

Chapter I
Introduction
Inventory management is a crucial sector in the life of products in an organization.
Inventory management deals with the process of first ordering stock, controlling stock levels,
storing, and putting the correct quantity for sale. It is thus a delicate process in an organization
that deals with products that go stale which will reduce the overall quality. Different
organizations have inventory systems in place to ensure the goods a consumer requires is in store
and ready to be acquired. Since inventory management is a critical element in the outcome of a
product, the process deserves keen attention with a mindset of ensuring the firm's productivity
and efficiency are realized. Inventory is kept guaranteeing smooth operations occur in a firm, to
meet the needs of customers, and to reduce the lead time for ordering goods (Stadtler, 2015).
Productivity and efficiency of a company can only be achieved when measures are taken starting
from inception to the final output. In this case, inception concerns the inventory management and
the output refers to the produce sold to customers. There is a close relationship between the goal
to realize efficiency that is profitability in the long- run and the process of maintaining proper
inventory. Organizations aim to reduce costs associated with holding, keeping and maintaining
inventory. These practices are in line with the aim of achieving efficiency. Thus, information
regarding solutions to solve inefficiency and increase productivity should be available. This
study seeks to find the strategies for increasing productivity and efficiency in examining the
inventory management of organizations.
The era before industrial revolution witnessed the difficulty in maintaining proper
inventory records. Merchants had to write records on paper and rely on their intuition in ordering
for goods. They experienced problems in getting the correct number of products ordered and

1

accounting for stolen goods. History of a breakthrough can be cited in the year 1889 when a
punch that could be read by machines was invented. This opened the door for innovations and in
the 1930’s the punch card for business purpose was developed. Unfortunately, it faced
challenges related to costs and speed. Groceries owners came up with their own form of
inventory management in the 1960’s called barcode (Robert, 2012). There were others too but
theirs was standardized by the Universal Product Code (UPC) in 1974. UPC’s popularity grew
when computers became cheaper. The 1990’s period saw companies apply the inventory
management software in their operations. This software revolutionized the in...


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