Inventory Proposal Paper

Running Head: INVENTORY PROPOSAL PAPER

Inventory Proposal Paper


Inventory Proposal Paper
      There are many organizations with inventory supplies that vary significantly during the year. The inventory system, the way in which it is managed, and the multiple outside factors that may affect the state of the inventory system have to be reviewed to ensure minimal problems arise. These issues motivate companies to create action plans and implement solutions to resolve future occurrences of the same issues and to minimize new issues. Little or plenty of inventory supply, discounts, high churn, seasonality, and weather concerns are some of the many inventory issues that may occur.
      This paper will present an analysis of the Winter Historical Inventory Data of the University of Phoenix campus. Due to the many concerns that the winter season can bring, a solution to respond to the possible heavy snowfall needs to be presented and executed each year. Patterns need to be reviewed that occur during each month of the year. Forecasting is one way that companies can plan for future needs. Forecasting is a valuable tool to allow for organizations to stay ahead of competitors, prepare budgets, and adapt better to change should one occur in the specific industry.
Organization
      The University of Phoenix campus in Woodbury, Minnesota is located in an area that receives approximately fifty inches of snow on average in a year (CityTopLists, n.d.), which requires winter maintenance to ensure a safe and welcoming environment for students and family. This paper will explore the needs specifically related to the winter maintenance supplies such as salt, the equipment to spread the salt around the campus and staffing. Using seasonal indices to analyze the inventory data, a solution will be presented to respond to the inventory issue of snowfall, a forecast has been added to the histogram to display present and future inventory data, and a forecast is presented... [continues]

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