Critically analyse how product characteristics influence logistic and supply chain costs of any two products from this particular organisation.
With respect to a small or micro fashion retailer physically operating in Victoria,
Australia, answer the following two questions:
Question 1.a. Critically analyse how product characteristics influence logistic and
supply chain costs of any two products from this particular organisation.
Question 1.b. Analyse its current inventory management approach for one of the
major product lines in the light of four inventory management approaches outlined
in Wallin, Rungtusanatham & Rabinovich, (2006). Suggest a better inventory
management approach for the product line that you have analysed above with
i. Select very small or micro organisation in which you will have someone in the
managerial capacity to provide necessary information.
ii. Micro enterprises are very small organisations or companies, with no more than
ten employees, does not have any branch or part of any chain. Large
organisations are not suitable for this.
iii. Please try not to use information from company websites or use as minimal as
possible. Information supplied via public domain may not reflect reality.
iv. Wallin,C. M., Rungtusanatham,J, and Rabinovich, E. (2006) “What is the
“right” inventory management approach for a purchased item?”, International
Journal of Operations & Production Management, Vol. 26 Issue: 1, pp.50-
68, has been posted in your learning hub with materials under “Week 11” for