Essential Inventory Management
For this assignment, you need to create a business proposal this is in a letter/proposal format to management arguing for the company to dump dead stock in your warehouse. You will need to demonstrate the impact of the K Factor and create an inventory analysis report listing.
1. List or create at least 3 deadstock items (give them names, can be real or fake)
2. You must discuss and define what deadstock is and explain why it can be harmful to the company. Use research to support this discussion.
3. Demonstrate the impact of carrying costs on your existing dead stock through the K Factor. Must show your work and explain the concepts – use research!
4. Create an inventory analysis report listing of the dead stock.
5. Report your findings in a persuasive proposal to your corporate office. Include both the K Factor diagram and the inventory analysis report in your memo and a proposed method of removing the inventory.