BM1776: Explain Reasons to Carry Inventory, Pitfalls of Carrying Extra/ Surplus: Inventory and Cost Management Assignment, NYP, Singapore

Learning Outcomes

After the completion of this assignment, learners will be able to:

1. Explain reasons to carry inventory, pitfalls of carrying extra/ surplus inventory, Pareto Law, and relevancy of using activity-based costing method.
2. Research and inquire about issues from different perspectives.
3. Comprehend and analyze information from articles.
4. Use and apply supporting materials outside textbooks and lecture notes.

Requirements

1. This is an individual written report assignment.

2. Each learner to choose a company to research for this assignment and obtain the tutor’s support for the choice of the company.

3. Based on the company of learner’s choice, the report to include the following information:

a. Brief background of the company and an overview of its supply chain.
b. Evaluate the possible reasons for the company to carry inventory.
c. Explain the possible pitfalls of carrying extra/surplus inventory for the company.
d. Evaluate if the Pareto Law can help the company to improve the control of its inventory.
e. Discuss the relevancy of using an activity-based costing method for the company.

4. Learners to gather relevant information from at least 10 references, published within two years, and from credible and objective sources.

5. Sources of articles to be listed in a reference page using the APA, or Harvard Referencing Format.

6. The report to be within 1,200 to 1,500 words (excluding reference and appendix).

Submissions

A written report of 1,200 to 1,500 words (excluding reference and appendix) must be submitted by each learner.

Based on the company chosen, the report should consist of the following parts:

1. Cover Page: Include a cover page with the research topic, learner name and admission number.

2. Background and Introduction: Provide a brief background of the company and an overview of its supply chain.

3. Reasons to Carry Inventory: Evaluate the possible reasons for the company to carry inventory.

4. Pitfalls of Carrying Surplus Inventory: Explain the possible pitfalls of carrying extra/surplus inventory for the company.

5. Pareto Law: Evaluate whether the Pareto Law can help the company to improve the control of its inventory.

6. Activity-based Costing: Discuss the relevancy of using activity-based costing method for the company.

7. Conclusion: Wrap up your report by giving a brief summary of the main points, or by proposing an action, or by suggesting possible results/ consequences.

8. Appendix and Reference: Sources of research articles or links, tables and charts.