Individual Project in Supply Chain Management Assignment

Individual Project in Supply Chain Management - Assignment Example Since, these are ideal scenarios and cannot be totally realized in practice, the company would never be able to eliminate stock-outs completely. However, John and Michael should aim for efficient management of stock-outs to control inventory as well as prevent business loss. References Vasconcellos,Luis.H.R.,Sampaio, Mauro. (2009). The Stockouts Study: an Examination of the Extent and the Causes in the Sao Paulo Supermarket Sector, Brazaillian Administration Review, Curitiba,( vol. 6, n. 3, art. 6, pp. 263-279, July/Sept. 2009) 2. Costs, Demand & Trade- offs associated with Stock-outs The costs associated with stock-outs to Stone Horse Supply Company may be internal such as loss in production, loss in working hours, delays, excess labour cost etc. or external such as lost sales and profit, loss of goodwill and trust etc. While taking a decision regarding stock levels, John and Michael have to primarily consider a trade-off between two costs. One of them is the holding cost of the inv entory while the other is the opportunity cost of the lost sales (Vasconcellos, 2009). A proper balance needs to be maintained between the two for efficient operations. It is not required to completely eliminate the stock-outs. In fact, stock-outs below 5% are healthy and indicate a continuous increase in demand. References Vasconcellos,Luis.H.R.,Sampaio, Mauro. (2009). The Stockouts Study: an Examination of the Extent and the Causes in the Sao Paulo Supermarket Sector, Brazaillian Administration Review, Curitiba,( vol. 6, n. 3, art. 6, pp. 263-279, July/Sept. 2009) 3. Ways to measure Product Availability Product availability can be defined as the capability of a firm to fulfil customer demand with the existing inventory of goods. There are several ways available to the Stone Horse Supply Company

Ecotope Final Project Draft 1 Essay Example | Topics and Well Written Essays - 500 words

Ecotope Final Project Draft 1 - Essay Example in the area between 1947 and 2011.The objective of this project was to develop a high resolution ECOTOPE MAP for the UMBC Campus for comparing current and historical mapping of ecological sites. To achieve this, I hypothesised that as time goes by, ecological changes of the landscape are prominent and the heterogeneous ecological density increases. To test this hypothesis required use of research and search of historical data. First, I conducted intensive fieldwork to determine and obtain current data. I then sampled the data I had obtained in the field into required sizes and interpreting the data procedurally. In addition, I did scale classification and digitalization to a scale of 1: 0000. I then used Ms Mary’s primary information to draw insights and do relative comparisons. Finally, I classified the ecotopes as verified by field evaluations and first hand- accounts Even more important to my study was an invaluable account of a 94 year old lady, Ms Mary. She was a resident of Catonsville around late 1940’s through early 50’s. She exponentially enriched our study by giving us a surprisingly vivid account of events as well as greatly helping in identifying the features in the map. This primary data was particularly crucial in identifying the hayfield, row crop, planted, woodlot in the 1947 map. The map in 1947 depicted a hayfield, row crops, planted crops and woodlot. There were very few visible small houses and most of the land was fenced into large portions of almost predominantly used agriculturally. Moreover, there were foot paths across the fields. The interpretation therefore is that there were very limited household due to sparse population. Most land was used agriculturally, evidence for agricultural dependency and the fact most of the land lies unused indicates small scale land use. The footpaths pointed to very limited technology. There were state of the art urban buildings,roads, a man made garden, a university among other advanced