Essay
TRL3707 ASSIGNMENT 2 SEM 2 2024 ESSAY
- Course
- Institution
TRL3707 ASSIGNMENT 2 SEM 2 2024 ESSAY
[Show more]
Seller
Follow
passmatetutorials
Reviews received
Content preview
passmatetutorials@gmail.com TRL3707 ASS2 2024 0612621185/0717513144DISCLAIMER: THIS IS NOT AN OFFICIAL GUIDE FROM UNISA. THE FRAMEWORK IS
NOT PREPARED NOR APPROVED BY UNISA, RATHER REPRESENTS A POSSIBLE
SOLUTION TO THE TASK CONSISTENT WITH THEORY OF TRL3707. THIS FRAMEWORK IS
ONLY INTENDED TO ASSIST STUDENTS IN GETTING STARTED WITH THEIR ASSIGNMENT,
AND IN NO CASE THIS DOCUMENT SHOULD BE USED FOR CHEATING, THUS NO
STUDENT IS ENCOURAGED TO COPY THIS DOCUMENT, NOR ITS SECTIONS FOR
SUBMISSION. WE BELIEVE THE FRAMEWORK WILL BE A GOOD STARTING POINT AS IT
WAS PREPARED BY OUR TEAM OF PROFESSIONAL PRIVATE TUTORS WHO ARE EXPERTS
IN THE FIELD, AND IT WAS PREPARED USING VARIOUS SOURCES. ANY SIMILARITY WITH
ANY EXISTING THEORY OR DISCUSION BY OTHER AUTHORS IS EXCUSED. THE AUTHORS
HOWEVER DO NOT CLAIM MONOPOLY TO KNOWLEDGE HENCE MODIFICATION OF THE
ANSWERS CONTAINED IN THIS FRAMEWORK MAY NOT BE PROHIBITED AS IT
CONTRIBUTES TO EXPANSION OF KNOWEDGE. FOR ANY FURTHER GUIDELINE ABOUT
THE INFORMATION CONTAINED HERE AND THE MODULE IN GENERAL, CONTACT
PASSMATE TUTORIALS
WE ASSIST WITH OTHER MODULES INCLUDING:
ECSs, FACs, MACs, MNGs, INTs, TRLs, HMEMS, PRMs, PROs, MNBs, DSC, QMI, MNMs,
MNO, MNPs, FIN, PUBs, MNMs, RESEARCH among others
WE OFFER CLASSES, ASSIGNMENT GUIDELINES, EXAMINATION PREPARATION,
RESEARCH AND RESEARCH PROPOSALS, DISSERTATION EDITING etc.
OTHER THAN UNISA, WE ALSO ASSIST STUDENTS AT VARIOUS INSTITUTIONS
INCLUDING MANCOSA, REGENT, REGEYNESES, BOSTON, STADIO, OLG, UJ, UP etc
For any enquiries the following numbers can be used for calling, sms, whatsapp and
telegram
CONTACT PASSMATE TUTORIALS @ 061 262 1185/068 053 8213/0717 513 144 or email
passmatetutorials@gmail.com
, passmatetutorials@gmail.com TRL3707 ASS2 2024 0612621185/0717513144
1.1 Discuss how inventory management policy may assist the South African Amy to
distribute inventory effectively. Justify your answer with examples from the case study.
5 marks for theory, 5 marks for application [10 marks]
Inventory management policy encompasses strategies and procedures aimed at
maintaining efficient inventory levels to satisfy operational requirements while reducing
costs (Nabee & Swanepoel, 2021). Implementing a robust inventory management
policy within the South African Army can tackle various logistical challenges and
enhance the efficiency of supply chain operations. Essential elements of successful
inventory management consist of:
Just-in-Time (JIT) Inventory
This strategy focusses on lowering inventory levels by acquiring goods solely when
required for production or deployment, thereby decreasing holding costs and
minimising waste. Implementing JIT can effectively minimise excess inventory and
storage expenses (Wolmarans & Niemann, 2023). For instance, the Army can arrange
the procurement of supplies like food and clothing nearer to their consumption dates,
thereby preventing wastage and guaranteeing that items remain fresh and pertinent
to current requirements.
Economic Order Quantity (EOQ)
EOQ assists in identifying the ideal order quantity that reduces overall inventory
expenses, encompassing both ordering and holding costs. EOQ has the potential to
enhance procurement practices (Mvubu & Naude, 2024). For example, calculating the
EOQ for essential items such as ammunition or medical supplies guarantees that the
Army procures the appropriate amount at the optimal time, effectively balancing
ordering costs with holding costs.
ABC Analysis
This approach classifies inventory into three categories (A, B, and C) according to their
significance and worth (Mvubu & Naude, 2024). Class A items are characterised by
their high value and low demand frequency, Class B items possess moderate value
and demand frequency, while Class C items are defined by their low value and high
demand frequency. This aids in prioritising management efforts and resources.
Through the categorisation of supplies, the Army is able to focus its management
efforts effectively. For instance, high-value items like aircraft spares (Class A)
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller passmatetutorials. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $4.57. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
62890 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now