Question

On the basis of coca-cola company answer the following question.
project focus:
1. inventory management and supply chain goals
2. inventory planning and control
3. classification of inventories
4. EOQ and ABC analysis
5. Material requirements planning(MRP)
6. customer fulfillment
7. inventory replenishment techniques/approach
8 efficiency and effectiveness

INVENTORY MANAGEMENT (SUPPLY CHAIN)

answer the all 7 question on the basis(analysing) of coca-cola (coke) company.

the coca-cola company invented in 1886 by pharmacist john stith pemberton. coca-cola company is the largest beverage company in the world. about 1.9 billion servings of coca-cola products.

Answer 1

1. Coca-cola manages its inventory management by excellent forecasting, use the first in first out approach in inventory, identify low turn stock, maintain a list through the ordering of raw materials and making their products like bottles, caps, and labels among the manufacturing of its products.

The supply chain goals of fulfilling the demands, drive customer values, prove the responsiveness, and facilitate the company's financial success.

2. Inventory planning and control of coca-cola create the forecasting and determine how much inventory in hand to fulfill the demands. Manage relationships between applications and manufacturing, regular auditing of stocks, prioritize with ABC, accurate forecasts, dropshipping consideration.

3. According to the coca-cola inventory, types are raw material inventory, unfinished products, or other source products inventory, in-transit inventory, cycle inventory.

4. For EOQ analysis, coca-cola determines the demand in its unit, determines the ordering cost, determines the holding cost, multiplies the market by two, multiplies the results by the order cost, and divides the result by holding charge.

Moreover, ABC analysis lists the products in descending order, total number of sold units, and the annual consumption rate, ranking the items from higher to lower percentage.

5. Material requirement planning coca-cola taking inventory of materials and identifying which component is required for production schedule them.

Ensure the lowest possible material and product level in inventory. Plan manufacturing activities, delivery schedules, and purchasing the activities. Take the inventory records of all inventory levels.

6. Coca Cola fulfilled the Customer demand by providing them with a better and tasty drink, which help to refresh them. Coca-cola satisfies every customer, their products and taste attract every group of customers.

7. Coca-cola used reorder point strategy, periodic strategy, top off, and demand strategy for inventory replenishment.

8. The company focuses on low-cost production planning to eliminate the non-value adding activities. The growth strategy and soft goals strategy helps to be more productive and efficient