Apr 28th, 2015
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Ashford University
Course: Business and management
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Due to the company’s recent losses, its auditing firm became concerned about the company’s ability to continue in business. Recently the company sold off excess vacant land adjoining its manufacturing facility to generate cash to meet its financial obligations. Because of the recent death of the owner, the trust department of a Milwaukee Bank (as trustee for the estate) has taken over the company’s affairs and has appointed a new company president. The new president has identified many problem areas- one of which is improper inventory control.

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Harvey's Under Pressure: Inventory ControlKeith C. QuarlesBus644:Operations Management (MAI1151A)JohnWebber1-22-12 As with most manufacturing company's, the ability to meet demand relies on the ability to produce, availability of quality inputs in needed quantities at various times; supply chain management and inventory control are the tools at management disposal to streamline these issues. Some items held in inventory are needed on a daily basis and others are needed for specific orders. the items needed daily should be in stock with safety stock levels assigned and the lesser utilized items should be ordered when needed and in synchronization with delivery lead times. Material Requirements Planning is a process that can coordinate inventory levels as well as logistics according to the requirements to produce the finished goods. Harvey Industries Ongoing ConcernsBackgroundHarvey Industries, a Wisconsin company, specializes in the assembly of high-pressure washer systems and in the sale of repair parts for these systems. The products range from small portable high-pressure washers to large industrial installations for snow removal from vehicles stored outdoors during the winter months. (Stevenson, p.601)Inventory Dilemma and the New CEODue to the companys recent losses, its auditing firm became concerned about the companys ability to continue in business. Recently the company sold off excess vacant land adjoining its m

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