Inventory management.
In this analysis, the importance of inventory in an organization will be discussed. Inventory means a complete list of items such as property in an organization.logistics in an organization entails the implementation of the organization’s complex operations.
A disruption means a problem or a disturbance.once the logistics of business are disturbed. The organization will automatically cease to function commonly. The logistics vary from smallscale organizations to largescale organizations. Financial disruption entails a lack of enough capital to allow the logistics to run as planned.finances or capital is always the core determinant for every organization’s functioning. Reputational disruption is caused by how an organization responds to a problem; for example, there is a shortage of stock in an organization. Once they try to restock some of the products are lost, the organization faces a loss which they must compensate to avoid failure.
An organization is always a risk-taker.once its logistics are not in a regular manner; it should follow some procedures to deal with the issue. It can as well choose to use the cycle counting approach to eliminate the root causes. This approach is an inventory auditing procedure where a small subset of inventory in a specific location is counted on a specific day.it is less disruptive to daily operations, provide an ongoing measure of inventory accuracy and procedure execution and can be tailored to focus on items with higher value and movement volume.the steps to be followed in this approach are: plan, select and train counters, inform all storage locations, get count tags, stop warehouse movement, review in advance, map the sore and label shelves, categorize items, carry out a pre-count, arrange the refreshments and analyze the reports.
For better functioning of an organization, it must minimize the disruptions through; get to know the source, turning the liabilities into assets, and setting clear productivity rules. With this, the logistics of an organization are held at a higher level of production.
Christopher, M. (2016). Logistics & supply chain management. Pearson UK.
Mangan, J., & Lalwani, C. C. (2016). Global logistics and supply chain management. John Wiley & Sons.