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TRL3707 ASSIGNMENT 2 SEM 2 2024 ESSAY
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- University Of South Africa (Unisa)
TRL3707 ASSIGNMENT 2 SEM 2 2024 ESSAY
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passmatetutorials@gmail.com TRL3707 ASS2 2024 0612621185/0717513144DISCLAIMER: THIS IS NOT AN OFFICIAL GUIDE FROM UNISA. THE FRAMEWORK IS
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, 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)
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