Scientific Glass, Inc.: Inventory Management Essay

ISOL + Group produces and sells a variety of products within France, Spain, and Italy. The general manager Mr. Dupont has initiated a thorough rethinking of logistics matter for the group. Based on his recommendations, the management team must identify, analyzed, discuss, and recommend the most appropriated solutions for the recommendations made by Mr. Dupont.

Outsourcing the warehousing functions: In this option, all warehousing actions will be outsourced to Global Logistics (GL) and distribution will start from main warehouse at

In Tenessee Williams, The Glass Managerie, he took an almost obsessive-compulsive approach to his stage instructions. His directions call for a very detailed list of a ton of procedural props and directions in order to get the point across that this is a play based on memories, such as several of the scenes being set with various types of screens or gauze nets between the audience and the actors. In some parts, Williams called for titles or images to be projected onto the screen as a way to be sure, and almost force, the thoughts of Tom’s memories and to bring to mind specific events that happened during the part of the play. He went to great lengths to get his vision across. However, when the play is recreated, they are practically never used.

Big Daddy’s Glass and Detail Co. is one-stop shop for auto glass and auto detailing needs. They service Tulsa, Oklahoma and 14 of its surrounding areas. Big Daddy’s Glass and Detail Co. is serving Tulsa, Broken Arrow, Bixby, Wagoner, Coweta, Owasso, Collinsville, Sapulpa, Glenpool, Okmulgee, Sand Springs, Muskogee, Catoosa, Claremore, and all of Green Country. This establishment has mobile glass services. So if customers can’t make into the shop, Big Daddy’s Glass and Detail Co. comes to them.

In order to optimize their logistics, a company needs high flexibility and a way to achieve time and cost savings. Based in Cincinnati, OH, Commonwealth Inc. has established itself as the region’s preeminent storage and distribution center. With a network of warehouses throughout Ohio, the company is strategically well-positioned to help any business with their flow of goods.

The Scientific Glass, Inc (SG) is a midsized company in the specialized glassware industry producing for and supplying to research facilities and specialized laboratories in its market regions; North America, Europe, Asia Pacific and rest of the world. The company is facing an increase in inventory level balances with too much capital tied up in inventory preventing it from using its capital towards international expansion. Evaluating other options on the basis of effects of SG's previous attempts at

Large companies are looking for ways to save on shipping costs, therefore we will revise our company's procedures for sending supplies

[1] Manzini, Riccardo, ed. Warehousing in the Global Supply Chain. London: London: Springer, 2012. Print.

Our approach was to facilitate the demand with respect to the market. We penetrated the market by building factory in Fardo and building warehouses to the respective regions, Caleopeia, Sorange, Entworpe, Tyran. Another component that we had to consider was finding the optimal cost to increase market share and increase our profit margin. Discussion on the logistics will be discussed thoroughly, which affected our decision points and our overall outcome. There are a few questions we needed to answer before we built a road map to our strategy i.e. figuring out where to build the factory and warehouse, estimate the demand of the four regions and Fargo region, should we change capacity, adjust ordering point with respect to quantity, and also

Moving products from manufacturing plants to warehouses, between international, national, and regional facilities and to distributors, can represent more than half of total logistics costs. Add international sourcing and final distribution to store or end customer, and those costs can rocket even higher.

Blanchard (2006) defined third party logistics as, “A single entity that coordinates all the logistics requirements for a given company/agency.” Today’s world business environment has become so competitive that companies in order to be successful in the market must deal with different resources for satisfying their customer need. In the past decade or so the competitive global market has made a big influence in the growing for external business. Third party logistics providers are more and more employing external companies for inventory management, transportation, warehousing, and other value added activities for customer services. Third party logistics ultimate goal is to provide a competitive advantage to the organization for which they are serving. According to Cardinal Logistics (2012), “Third-Party Logistics is an effective way to reduce operational costs, and allow a company to focus on their core competencies.

In the article, “Best Practices for Transporters and 3PL Service Provider”, it talks about the advantages and disadvantages of third-party logistics. It also talks about how the industry is growing now and in the future. Third-party logistics primary focus is on global expansion. Expansion in the marketplace that can have a greater impact in a company’s supply chain management function. Most businesses today choose to outsource a portion if not all of its logistics functions to third parties in the hope of achieving operational efficiencies within the supply chain area of operations. By doing this companies are able to place more focus on core business activities. Third-party logistics providers has the capability of taking

Inventories are those asset items which are either used for the production of goods to be sold or used directly for the purpose of sales. It is a major portion of current assets and thus there is need to do careful investment in the same. Different kind of companies has different forms of inventory. For example; a company that is into direct selling of readymade goods will have only merchandise inventory in their accounts while the manufacturing companies will have inventory in three forms i.e. raw materials, work in progress and the final or finished product. The inventory at different stages plays different roles like the raw materials are that inventory which is used for the production of goods for selling purpose. Work in progress is that inventory which is in production, i.e. goods in production for sale and the final or finished product is that inventory which is ready for sale .

Blanchard (2006) defined third party logistics as, “A single entity that coordinates all the logistics requirements for a given company/agency.” Today’s world business environment has become so competitive that companies in order to be successful in the market must deal with different resources for satisfying their customer need. In the past decade or so the competitive global market has made a big influence in the growing for external business. Third party logistics providers are more and more employing external companies for inventory

Today, if you walk into any of your favorite supper shopping center, whether it is Wal-Mart or Target and you scan through any section’s aisle, you are sure to find something that was made in a country other than the United States. Globalization has made the world a smaller place, and today a product that was made in Brazil yesterday, can be on a Wal-Mart shelf in the United States today. The biggest problem with globalization is not stocking the shelves, but getting the items to the customers who needs it in a timely manner. The task of accounting for, transporting, tracking, storing, and unloading all have to be done effectively and efficiently and at the same time still get the goods to the customers on time. It is obvious that