View the video “Supply Chain Inventory Management at Crayola” (available through the MyOMLab link on the left-side navigation). Using the Crayola example, explain why process-level and supplier-le

View the video “Supply Chain Inventory Management at Crayola” (available through the MyOMLab link on the left-side navigation). Using the Crayola example, explain why process-level and supplier-level considerations are important in the development of effective inventory management. Specifically, respond to the following questions:

• What impacts do process and supplier levels have on supply chain management and operations costs?
• How does inventory management relate to implementation of the just-in-time (JIT) strategy and lean systems?
• How might these inventory management control methods benefit the company you are researching for the final project?

In responding to this prompt, strive to incorporate your accumulated knowledge from previous modules, as this will help substantiate your response. Engage classmates in making connections between various inventory management strategies and previous course concepts.

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