supply chain management

Watching video and read PPT, answer following question: (NO coping or pasting plz)

1. What does a small hardware store like Cox have to do in terms of inventory management so they can compete with their larger counterparts like Lowes and Home Depot? Is it different inventory management?

2. What happens to you, the store, and the manufacturer when you walk into the store to buy a 2-litre Diet Coke and it’s not on the shelf? List all scenarios and their implications.

3. Does it make sense to buy in bulk as depicted in the video Big Bang Theory? Why or why not? 4. What are the benefits for the manufacturer and the consumer with bulk purchases?

Modernizing Inventory Management: http://www.youtube.com/watch?v=1d0O8MAMyAM

Inventory Management Best Practices with Cox Hardware: http://www.youtube.com/watch?v=q3B3gwgWrnw

Supply Chain Optimization: Preventing Out of Stock: http://www.youtube.com/watch?v=sIE6fec6seQ

How To Avoid Inventory Stockouts - Business Quick Tips: http://www.youtube.com/watch?v=2tldiEJD3YU

The Big Bang Theory - Tampon Talk:

https://www.youtube.com/watch?v=9iDlMniZ_lw&feature=youtu.be

Banned Commercials - Beer Makes Women Beautiful:

https://www.youtube.com/watch?v=JtS2PGXPUTs&feature=youtu.be