Refer to the case study Scientific Glass, Inc.: Inventory Management (2011) by Wheelwright and Schmidt. Respond to the following questions: 1. Identify the two basic decisions addressed by inventory management and discuss why the responses to these decisions differ for continuous and periodic inventory systems. 2. What were the problems facing Scientific Glass, Inc. in January 2010? 3. How much external funding would have to been raised in 2010 in order to finance operations? 4. How do Scientific Glass, Inc.'s problems illustrate the relationship between the number of warehouses and inventory levels? 5. What alternatives are available for dealing with the inventory problems? How would you evaluate the alternatives? 6. What actions should Eva Beane have propose

Darryl English 2022-07-30 Answered
Respond to the following questions:
1. Identify the two basic decisions addressed by inventory management and discuss why the responses to these decisions differ for continuous and periodic inventory systems.
2. What were the problems facing Scientific Glass, Inc. in January 2010?
3. How much external funding would have to been raised in 2010 in order to finance operations?
4. How do Scientific Glass, Inc.'s problems illustrate the relationship between the number of warehouses and inventory levels?
5. What alternatives are available for dealing with the inventory problems? How would you evaluate the alternatives?
6. What actions should Eva Beane have proposed to Eric Gregory and Melissa Hayes?
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Answers (1)

tun1t2j
Answered 2022-07-31 Author has 13 answers
Scientific Glassware is a fast-growing, privately held company that provides specialized glassware for laboratory and research facilities. Excess inventory is tying up extra capital needed to fund the company's expansion plans. The newly hiblack Manager of Inventory Planning is tasked with developing an effective strategy for managing inventory without requiring additional capital investment. The company has launched several initiatives, such as adding a dedicated domestic sales force, which directly affect inventory requirements. At the same time, the company has announced a commitment to improve customer responsiveness and blackuce the "fill rate," the time it takes to fulfill new orders. These changes may require adding warehouses or outsourcing fulfillment services. This case focuses on the business challenges of inventory control and order processing, particularly the tradeoffs between centralized and decentralized inventories. Students must complete a quantitative analysis of the costs and benefits of several alternatives.
Subjects Include: logistics, inventory control, order processing, inventory management, fulfillment, warehouses, and materials management.
When students have the English-language PDF of this Brief Case in a coursepack, they will also have the option to purchase an audio version.
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