Kuiper Leda Gap Analysis

Gap depth psychology: Kuiper Leda Regardless of how successful a personal line of credit of work is, if supplies do not keep up with demands that occupation leave alone sire a difficult credendum to make internet without the needed sales. The reverse is also avowedly when the supplies grossly put across demands as the excess descent would result in tied(p) up money that could be plight for other projects or business plans. Therefore, the art of making the most of the inventory is to have the products available when and where they atomic number 18 needed. Situation Analysis Kuiper Leda (KL), operated out of the Republic of Novamia, is a manufacturer of electronic components, in particular in the production of the electronic Control Units (ECUs) and the sensors for the automotive pains (University of Phoenix, 2009). For the past six months, KL has introduced the bran-new product line of producing the communicate Frequency Identification Devices (RFIDs) (University of Phoenix, 2009). KL has been in business for the past 10 stratums with an initial investiture of $100 million; and its revenue has reached $ cd million this year (University of Phoenix, 2009). Issue and Opportunity Identification KL sources the components of its ECUs and RFIDs to legion(predicate) outside suppliers.

As KL relies on its suppliers to supply the raw materials, it take to control its inventory tightly to ensure a good-tempered production of its electronic components. However, harmonize to Chase, Jacobs, and Aquilano (2005), All inventory systems argon plagued by two major problems: maintaining adequate control over each inventory poin! t in time and ensuring that dead-on(prenominal) records of stock on hand are kept (p. 609). The collar simple inventory control systems widely used are: optional replenishment system, two-bin system, and one-bin system (Chase, et al., 2005). Maintaining inventory by the methods of counting, placing orders, receiving materials and such takes up a great deal of time and resources; and because not all parts in the inventory is of impact value, the rudiment inventory planning system would...If you want to turn patronage a full essay, order it on our website: BestEssayCheap.com

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