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Create or use an existing company
Design & Technology
Pages 6 (1506 words)
System research: Inventory management in ‘Volga Glasses’ Introduction As a supplier of beer and soft drink bottles to various companies ‘Volga Glasses’ depends fully on beer and other soft drink companies for developing its marketing strategies. During previous years, there had been a considerable uplift in demand of glass bottles which has increased the scope of Volga Glasses to enhance its supply chains…
There are some main factors that company has to deal with. As most of the soft-drink and beer bottles are liable for reuse and recycling, company gets some of its raw material from defected and used bottles that are supplied back by the beer companies. However, a number of bottles do not reverse and company has to involve glass as the raw material of new bottles. There had been a stagnant increase in the market since last three years which provides and estimation for supposed upcoming market demands. In light of those factors company has to keep a safe number of bottles that can be supplied urgently when required by buyers. On the other hand, a large number of bottles made in advance can create a burden over company’s investing strength. That would also create a lack of fluency in company’s cycle of work. Thus, company has to involve a concrete Inventory management that keeps the overall demand and supply chain in a safe and trustworthy position to provide continuous profit to Volga Glasses. ...
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