Supply Chain & Inventory Management

Abstract

Supply-chain management (SCM) involves the movement of storage supplies from the point of origin to the point of consumption. Becker-Peth, M. (2012) explained in his article that a group of capitals and explanation provides an overview to SCM and associated schemes for scholars, consultants, and anyone else concerned getting knowledge more about how to project, production, transportation, supply, deliver, and accomplish success. Costco is the largest retailer who maintains a different strategy for supply chain and they believe SCM is a major aspect to succeed in their business. Costco is more successful in their SCM, however, sometimes they lack in this area. Firstly, they don’t have enough employee on the store to answers customers question. Customer must wait for a longer time if he has any question especially during the weekends and the holiday season. Secondly, Costco doesn’t sell products with high bulk/wholesale prices. Thirdly, they usually sell all inventory in bulk which is a problem who live alone or only two of them at home. This paper will explain how the supply chain can be improved to get a good result.

Keywords: SCM, Bulk, Items, Cost, Inventory, Supply Chain, Quality, Quantity, Product