Inventory Management 400600 words that respond to the following questions with your thoughts, ideas, and comments. Be substantive and clear, and use examples to reinforce your ideas.Find at least 2 different types of inventory process structures. Provide the following for each:A brief synopsis of the processYour top 3 reasons why it works2 areas that you see as deficientSupport each of your responses with an explanation and at LEAST 2 References in APA format with in text citations. Answer Preview ..Every organization needs to maintain a record of its available stock to ensure adequate supply whenever consumers make their order. The management of its inventory ensures such success, and is based on different processes. The engineer to order process structure is applicable whenever the business in question is responsible for the manufacture of the goods the consumers ask for. In this case, the company would be responsible for turning raw materials into finished products in which the inventories kept would in
clude raw materials and work in progress inventories. With these two, it would be possible to ensure a steady flow of the finished goods to the extent that consumers do not make a request only to find that the company has no finished products at a particular time. The engineer to order structure is applicable for different reasons key among them the necessity to observe the entire production process (Gosling, Naim, & Towill, 2013). Additionally, dealing with raw materials would require effective oversight by the business procurement department to ensure that suppliers only provide high-quality raw materials to the investor. Otherwise, it would be difficult to produce high-quality products without the quality necessary. Ultimately, the process makes the business effective enough as oversight of what it has makes it possible to plan for the future of the business. It would be difficult to appropriately ascertain the companys future and resources without such information
APA 467 words
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