Essay
TRL3707 ASSIGNMENT 2 SEM 2 2024
- Institution
- University Of South Africa (Unisa)
TRL3707 ASSIGNMENT 2 SEM 2 2024
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2024 TRL3704 ASS 2 SEM 2 2024DISCLAIMER
The TRL3707 ASSIGNMENT 2 2024 SEMESTER 2 GUIDE IS A PRODUCT OF INTERNAL
AND EXTERNAL RESEARCH THAT INCLUDES THE STUDY GUIDE, PRESCRIBED
TEXTBOOK, AND OTHER AUTHENTIC SOURCES.
NB: Students must not copy and paste. For clarity, students are free to call on the
provided number and/ email.
, 2024 TRL3704 ASS 2 SEM 2 2024
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, 0717513144the 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 are0717513144 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
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