Kuiper Leda Gap Analysis

Gap abbreviation: Kuiper Leda Regardless of how successful a stock certificate of work is, if supplies do not keep up with demands that stage business leave alone sire a difficult sentence to make internet without the needed sales. The reverse is also unfeigned when the supplies grossly put across demands as the excess inventory would result in tied(p) up money that could be enlist for other projects or business plans. Therefore, the art of making the nearly of the inventory is to have the products available when and where they are needed. Situation Analysis Kuiper Leda (KL), operated out of the Republic of Novamia, is a manufacturer of electronic components, particularly in the production of the electronic Control Units (ECUs) and the sensors for the automotive intentness (University of Phoenix, 2009). For the past six months, KL has introduced the bran-new product line of producing the radio receiver Frequency Identification Devices (RFIDs) (University of Ph oenix, 2009). KL has been in business for the past 10 stratums with an initial investiture of $100 million; and its revenue has reached $ cd million this year (University of Phoenix, 2009). Issue and Opportunity Identification KL sources the components of its ECUs and RFIDs to galore(postnominal) outside suppliers.

As KL relies on its suppliers to supply the raw materials, it need to control its inventory tightly to ensure a strike production of its electronic components. However, harmonize to Chase, Jacobs, and Aquilano (2005), All inventory systems are plagued by two major problems: maintaining adequate con trol over each inventory point in time and! ensuring that hi-fi records of stock on hand are kept (p. 609). The trio simple inventory control systems widely used are: optional replenishment system, two-bin system, and one-bin system (Chase, et al., 2005). Maintaining inventory by the methods of counting, placing orders, receiving materials and much(prenominal) takes up a great deal of time and resources; and because not all parts in the inventory is of impact value, the alphabet inventory planning system would...If you want to turn arse a full essay, order it on our website: BestEssayCheap.com

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