Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 2, 2020 erstellt
Description:
This Case analyzed the Problem of Top Men Shoes in order to identify the operational management issues present in the company. It was observed that inventory management and supply chain management is the main cause of concern for the company since it has observed to face severe issues because of the problems. The company suffered a severe loss of profit in 2017 because of the failure of the system designed for a specific purpose. The paper also identified the errors of Topmen and recommended a change in their strategies of operation management. It is also recommended to the company to focus on testing the systems before implementing it practically for operations management.This study sets out to: Identify the key factors affecting inventory level and costs. Investigate how to maintain supply chain management while keeping inventory levels low. This Case first discusses the key factors that affect inventory level. It then combines the recent supply chain management theories and relevant quantitative methods to arrive at optimal ordering policies and strategies to reduce overall costs, Inventory shortage, Communication Network between Supply Chain Management, while at the same time satisfying customers in terms of service. The findings suggested using inventory management in order to decline stocks level and to apply an agent system for automation of inventory management processes