Read the scenario regarding John Smith’s Business profile. (See Attachment)
While John Smith considers your recommendations of his company’s service level issues, explain the concept of inventory management as it relates to service operations management.
Create an e-mail to him in reference to this topic.
Include the following in your answer:
-The role of inventory
-Inventory Strategies (including Vendor Managed, Consignment and Just-in-Time)
-Lead times and Service levels
-Economic and cost considerations
Specifically address inventory management as it relates to service and Smith’s company. What are some of the biggest challenges around inventory management, including supplier management (including hardware, software, and other technology solutions).
750-1000 words, APA format, 5 references