(Mt) – OPS400 (2 discussion response 150 words)

Recommended
Rawat, K. (2015). Today’s inventory management systems: A tool in achieving best practices in Indian business. Anusandhanika, 7(1), 128-135. 
Chen, J., Dada, M., & Hu, Q. (2016). Designing supply contracts: buy-now, reserve, and wait-and-see. IIE Transactions, 48(10), 881-900. doi:10.1080/0740817X.2015.1110649 
Olsson, F. (2014). Analysis of inventory policies for perishable items with fixed leadtimes and lifetimes. Annals of Operations Research, 217(1), 399-423. doi: 10.1007/s10479-014-1590-x 
Additional Resources:
Please respond to the 2 separate discussion post below in at least 150 words     
POST 1:
ABC  Analysis is the process of classifying inventory based on the value of  items. ABC Analysis is a concept that comes from the Pareto Principle of  80/20. The Pareto Principle says that there is a vital few items in a  group of many that make up about 80% of an organizations value. ABC  Analysis highlights the fact that not all inventory is valued the same.  Inventory is separated into groups of A,B, or C, with items in the “A”  category given the highest value though this category will contain only  about ten percent of inventory it represents the largest portion of  value. The “B” class is of moderate value with around a quarter of an  organizations value. The “C” category represents the rest of inventory  and the least valuable bit.
A form of this inventory management system is actually utilized by  the United States Navy. For instance the Navy is made up of ten Aircraft  Carriers and about 75 Nuclear Submarines, this is only a small chunk of  the approximately 500 warships in the Navy’s register; however these  represent the largest amount of value to the navy from a defense  standpoint (the “A” category) as they are the most expensive to maintain  and the most crucial to the nation’s interests, the navy intern gives  these platforms with the highest priority with regard to refit and  repairs. These ships and boats (submarines are referred to as boats by  submariners) also make up the current Nuclear Navy which the navy places  the most value upon. These may not be exactly 80% of the total value  but it is certainly the most significant. The “B” category is made up  mostly by the remaining amphibious troop carriers, cruisers, cruisers,  and other platforms as these make up the largest chunk of the navy but  are relatively inexpensive and slightly more expendable then those in  group “A” (to be clear I do not find any lives expendable. I am merely  speaking from an expense and equipment standpoint).  Group “C”;  aircraft, also makes up a large portion of the Navy physically, however  Aircraft individually are typically much less expensive and one  individual jet or cargo plane is far less valuable than an entire  warship to the navy.  Of course, the navy has an extremely intricate  supply system and individual parts are vastly more broken down into  categories but as a whole, the Navy uses this system to prioritize the  warships it has currently commissioned.
I have really enjoyed everyone’s posts during this class, good luck everyone!   
References:
Martin,
M. (2016, May 10). A Complete Guide to ABC Analysis in Customer 
Segmentation and Inventory. Retrieved September 30, 2019, from 
https://www.cleverism.com/complete-guide-abc-analysis-customer-segmentation-inventory/.
Pawar,  P. (2016, July 18). 6 Benefits to Adapting ABC Analysis of Inventory in  your company. Retrieved September 30, 2019, from  https://www.linkedin.com/pulse/6-benefits-adapting-abc-analysis-inventory-your-company-pranali-pawar/.
Rusanescu, M. (2014). ABC Analysis, Model for Classifying Inventory. Hidraulica,  (2), 17–17. Retrieved from  https://csuglobal.idm.oclc.org/login?url=https://s…
POST 2:
The  Naval Supply Systems Command (NAVSUP) Integrated Weapons System Support  Team is the logistics organization responsible for the spare parts  support for all weapon systems for the Navy, Marine Corps, Joint, and  Allied Forces (Luster, 2019).  In order to meet the unique needs of  their customers, the team developed a new inventory categorization  technique.  The technique, called WSS4, is based on an ABC analysis  model and adapted to the demands and circumstances causing reliability  issues within the weapons system supply chain (May, Atkinson, and  Ferrer, 2017). 
The team used the ABC analysis model to identify the most critical  items to the system.  The criteria established to determine the A, or  most critical, items was based on demand, casualty reports or emergency  requisitions for critical parts, and platform readiness drivers or  problematic parts due to their impact on the mission or supply chain  reliability (May et al, 2017).  B and C items were tiered down from  there.  This allows the team to focus resources on A items as prescribed  by their technique and by the ABC analysis policies, which also  prescribes applying a higher level of inventory control, security, and  forecasting on A items (Heizer et al, 2017). 
These items were chosen, rather than focusing strictly on annual  dollar volumes, because of the criticality of their impact to the  mission and to the supply chain.  This is a combination ABC analysis  with the concept of critical success factors, which is defined as “few  factors that are critical for the success of a company and they must  receive careful and constant attention from managers” (Mohamed Syazwan,  Abu Bakar, and Ai, 2015, para. 1).
References
Heizer, J., Render, B., & Munson, C. (2017). Operations management: Sustainability and supply chain management (12th ed.). Boston: Pearson.
Luster, K. (2019, May 7). NAVSUP Weapon Systems Support Ensures  Warfighter Readiness Through End-to-End Supply Chain Management.  Retrieved from  https://scnewsltr.dodlive.mil/2019/05/07/navsup-weapon-systems-support-ensures-warfighter-readiness-through-end-to-end-supply-chain-management/.
May, B., Atkinson, M., & Ferrer, G. (2017). Applying inventory classification to a large inventory management system. Journal of Operations and Supply Chain Management, 10(1), 68–86. https://doi.org/10.12660/joscmv10n1p68-86. 
Mohamed Syazwan, A. T., Abu Bakar, A. H., & Ai, C. T. (2015).  Critical success factors of supply chain management: A literature survey  and pareto analysis. EuroMed Journal of Business, 10(2), 234-263. doi:http://dx.doi.org.csuglobal.idm.oclc.org/10.1108/E…

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