Type: Individual ProjectUnit:  Expansion of Services and CapabilitiesDue Date:  Wed, 8/1/18Deliverable Length:  750–1,000 wordshttps://class.ctuonline.edu/_layouts/MUSEViewer/MUSE.aspx?mid=11763

Type: Individual Project

Unit:  Expansion of Services and Capabilities

Due Date:  Wed, 8/1/18

Deliverable Length:  750–1,000 words

https://class.ctuonline.edu/_layouts/MUSEViewer/MUSE.aspx?mid=11763165

Read the scenario regarding John Smith's Business profile.  Click here

Library Research Assignment

While John Smith considers your recommendations of his company’s service-level issues, explain the concept of inventory management as it relates to service operations management. Create an e-mail to him in reference to this topic.

Include the following in your answer:

• The role of inventory
• Inventory Strategies (including Vendor Managed, Consignment and Just-in-Time)
• Lead times and Service levels
• Economic and cost considerations
• Specifically address inventory management as it relates to service and Smith's company
• What are some of the biggest challenges around inventory management, including supplier management (including hardware, software, and other technology solutions).

Please submit your assignment.