OPS 400 Discussion

I’m stuck on a Management question and need an explanation.

Two questions:

Question 1

Select one of the key concepts from the list below for your Discussion response. Be sure to identify the name of the organization.

• Assess the strategic importance of the supply chain to your organization. What strategic differences occur between a product-based business (sells a physical, tangible product), and a service-based business (sells a service, which has no physical or tangible product)?
• Compare the six sourcing strategies and relate your response to your selected organization.
• Explain the steps in the supplier selection process for your selected organization. What differences occur between a product-based business (sells a physical, tangible product), and a service-based business (sells a service, which has no physical or tangible product)?
• Synthesize the method to compute the percentage of assets committed to inventory and inventory turnover. How could this information improve profits to your selected organization?

Be sure to post an initial, about 250-word substantive response by Thursday at 11:59 p.m. MT, and respond to two or more peers with substantive responses by Sunday at 11:59 p.m. MT. A substantive initial post responds to the topics presented completely and/or asks a thoughtful question pertaining to the topic. Two substantive peer responses, of 100 words minimum each, ask a thoughtful question pertaining to the topic and/or answers a question (in detail) posted by another student or the instructor.

Please support your discussion by three to five recent (within last five years) references. At least three of them should be scholarly (excluding our textbook). Cite in accordance with the CSU-Global Guide to Writing and APA

Question 2

Select one of the key concepts from the list below for your Discussion response. Be sure to identify the name of the organization.

• Discuss how to conduct an ABC analysis for one or more inventory items for your selected organization.
• Justify the use of the EOQ model for independent inventory demand. Explain the differences that exist between using the EOQ model at a product-based business (i.e., sells a physical, tangible product), and a service-based business (i.e., sells a service, which has no physical or tangible product).
• Explain how to compute a reorder point and describe safety stock. If the material for the product is shipped across oceans, how would that influence the safety stock?
• Contrast the differences between service levels and probabilistic inventory models in the context of your organization.

Be sure to post an initial, about 250-word substantive response by Thursday at 11:59 p.m. MT, and respond to two or more peers with substantive responses by Sunday at 11:59 p.m. MT. A substantive initial post responds to the topics presented completely and/or asks a thoughtful question pertaining to the topic. Two substantive peer responses, of 100 words minimum each, ask a thoughtful question pertaining to the topic and/or answers a question (in detail) posted by another student or the instructor.

Please support your discussion by three to five recent (within last five years) references. At least three of them should be scholarly (excluding our textbook). Cite in accordance with the CSU-Global Guide to Writing and APA (Links to an external site.).