1STSTRATPOST

DB 1

Inventory

Inventory is a key part of warehouse management. One aspect of inventory that has a daily operational impact is the idea of buffering, or strategic reserve. This Discussion has you consider this concept more closely.

Please answer the following:

1. What does it mean to ensure your company has a strategic reserve?

2. Conduct online research; determine a good “rule of thumb” for a particular industry, as to a percentage, for an appropriate inventory buffer. Share your supported findings with the class.

3. How does buffering help leaders in warehouse management effectively cope with uncertainty?

JOURNAL

During this course, you will complete a Learning Journal each week based on your reflections on your planning and performance.

Begin your paper with the label:  Unit 1: Introduction

Reflect on the following topics related to  Introduction:

1. Goals: What are your initial goals?

2. Insights: What are your initial insights?

3. Concerns: What are your initial concerns?

DB 2

Inventory

One recent innovation related to warehouse management and inventory is the concept of "cross docking." This Discussion has you discover more about this important real-world technique currently implemented by many major supply chain and logistics service providers.

Please answer the following:

1. What is the official definition of "cross docking"? Is it connected to a particular set time limit for activity?

2. How is this concept of cross docking a true innovation in the realm of warehouse management?

3. What does cross docking have in common with the business concept of collaboration?

DB 3

Transportation

One important element of transportation is the occurrence of in-transit inventory. This Discussion has you connect in-transit inventory to other parts of transportation.

Please answer the following:

1. What is in-transit inventory? How does this concept relate to transportation as a whole?

2. How is in-transit inventory effectively tracked?

3. How does in-transit inventory contribute to greater functionality for warehouse management?

DB 4

Transportation

Sometimes in a profession, there are important phrases that borrow terminology from foreign language. One such term that relates to the professional efforts of transportation is "force majeure." This Discussion has you research this term and its related real-world applicability in greater depth.

Please answer the following:

1. What does "force majeure" mean as translated in English?

2. How does force majeure relate to transportation efforts and business?

3. What types of documentation, often used in transportation, should include this concept of force majeure as an element of legal language? What are the consequences of not including this concept as an element of the documentation examples you mentioned?