Our Services

Get 15% Discount on your First Order

Part 1: Discuss what you have learned after reading Inventory Management Tools and Techniques. How do you feel immersive technologies will shape our

August 27, 2024

Part 1: Discuss what you have learned after reading Inventory Management Tools and Techniques. How do you feel immersive technologies will shape our future?

Part 2: Create at least 2 discussion questions related to the material that you just learned about for your classmates to respond to you.

Part 3: Replies: Respond to at least 2 of your peer’s discussion question posts.

Essential Activities:

Reading Module III “Inventory Management Tools and Techniques” will assist you in writing this discussion forum.

Watching the videos, “Inventory Target: Step by Step Forecasting Tutorial”, “How immersive technologies (AR/VR) will shape our future”, and “Designing A New Virtual World With Immersive Technologies” will assist you in writing this discussion forum.

Reply 1

Part 1

Today, VMI (Vendor-managed inventory) is one of the most compelling approaches in contemporary supply chain management. In this arrangement, suppliers agree to maintain the right level of inventory for their customers and may employ shared data systems to track stock levels at customer locations so that they can automatically trigger reorders. This ultimately leads to a dramatic decrease in stockouts and overstock situations (Iglewicz, & Hoaglin, 2003). I look forward to the day when AR is a persistent personal info layer across all of our physical reality. It has the potential to change not only how we move, decide and learn but also what it means when a person is paralyzed. Imagine, for example AR that provides instant multilingual exchange during a conversation or instantly display nutritional information over food items we encounter in space. With entertainment and arts I believe immersive technologies will blurr the lines of creator with audience, allowing more participatory and personalised experiences. But I also see real problems as this stuff gets more and more integrated into our daily lives. The elephant in the room is information overload and augmented environments can be suspect to manipulation or inaccurate facts. Furthermore, with virtual experiences becoming even more realistic in the future, this may generate discussions within society on what we place value and authenticity on between a physical vs. digital correction of reality.

Part 2

1. And with ubiquitous AR to get information on the fly so quickly, how would it re-wire our entire cognition outside of direct memory recall and processing?

2. So how will very immersive virtual social spaces affect the future development of our ability to communicate and form real-world relationships, particularly among younger generations?

Reply 2

To improve the accuracy, tracking, and general efficiency of inventory procedures, a variety of inventory management solutions are used. Two notable technologies are RFID (Radio Frequency Identification), which employs tags to offer real-time inventory tracking without requiring line-of-sight scanning, and barcode tracking, which uses numerical codes to rapidly identify objects. Businesses should maintain optimal inventory levels and reduce losses from overstock or stockouts by employing methods like cycle counting and inventory audits to ensure that stock levels are accurate. There are several methods involved in inventory level optimization. ABC analysis assigns a higher priority to the management of high-value products by classifying inventory into three groups (A, B, and C) according to their importance to the company. Baraka & Yadavalli (2022), syas that other methods include demand forecasting, which projects future inventory requirements based on previous data, and safety stock optimization, which keeps a buffer for demand swings. Lean Inventory Management reduces waste, whereas Vendor Managed Inventory (VMI) gives suppliers control over inventory levels. Using reliable inventory management software improves tracking and visibility via a variety of channels.

Immersive technologies like VR (virtual reality) and AR(augmented reality) could play a big part in influencing the future. Immersion technologies have the potential to enhance surgical precision and medical training, hence improving patient outcomes in the healthcare industry. Using VR and AR simulations, healthcare professionals should improve their abilities and boost their self-assurance by conducting surgical procedures in a safe setting. Additionally, AR should provide live data overlays while performing surgery, ensuring enhanced outcomes and decision-making for patients. Combining these technologies might lead to more specialized patient care and innovative treatment strategies, including using virtual reality (VR) for mental health and pain management (Pavithra, 2020).Virtual reality and augmented reality are also altering the way organization’s function, particularly regarding remote work and teamwork. Employee communication is enhanced by these technologies, which enable immersive meetings and training sessions independent of the employees’ physical location.

Quires

• What difficulties do you have with your present inventory management system?

• What are your objectives for inventory management?

Reading Module III “Inventory Management Tools and Techniques”

image7.jpeg

image8.jpeg

image9.jpeg

image10.jpeg

image11.jpeg

image12.jpeg

image13.jpeg

image14.jpeg

image15.jpeg

image16.jpeg

image17.jpeg

image18.jpeg

image19.jpeg

image1.jpeg

image2.jpeg

image3.jpeg

image4.jpeg

image5.jpeg

image6.jpeg

>Business & Finance homework help

Share This Post

Order a Similar Paper and get 15% Discount on your First Order

Related Questions

to complete this assignment you have to download a free program called JASP link is provided in the assignment instructions.

The Strength of Weak Ties Mark S. Granovetter The American Journal of Sociology, Vol. 78, No. 6. (May, 1973), pp. 1360-1380. Stable URL: The

The Strength of Weak Ties Mark S. Granovetter The American Journal of Sociology, Vol. 78, No. 6. (May, 1973), pp. 1360-1380. Stable URL: The American Journal of Sociology is currently published by The University of Chicago Press. Your use of the JSTOR archive indicates your acceptance of JSTOR’s Terms and

The Strength of Weak Ties Mark S. Granovetter The American Journal of Sociology, Vol. 78, No. 6. (May, 1973), pp. 1360-1380. Stable URL: The

Create the Communication Matrix/Receiver Based demonstrated in the book in Figure 7.1 in a Microsoft Excel format and save it to your hard or flash

Create the Communication Matrix/Receiver Based demonstrated in the book in Figure 7.1 in a Microsoft Excel format and save it to your hard or flash drive so you will have a template when you need one. Upload your newly constructed version with “Your Name” in the Project Manager column.

Explain which HRIS types your current or previous employer utilizes. If your current or previous organization does not utilize an HRIS, which types

Explain which HRIS types your current or previous employer utilizes. If your current or previous organization does not utilize an HRIS, which types would you recommend? How does the utilization of those systems promote transformational HR activities? Discuss the differences between Two-Tier (Client-Server), Three-Tier, and N-Tier architectures. In your opinion,

Stacy McAllister Addressing Negativity in Staff Meetings: A Leadership Perspective As the senior leader of an organization, it is crucial to address

Stacy McAllister Addressing Negativity in Staff Meetings: A Leadership Perspective As the senior leader of an organization, it is crucial to address negativity promptly to maintain a productive and positive work environment. Barrett (2014) emphasizes the importance of immediately addressing negativity to prevent it from affecting team dynamics and performance.

Preparation Complete the following: Choose an organization. (It can be something that interests you, where you work, or a company you are familiar

Preparation Complete the following: Choose an organization. (It can be something that interests you, where you work, or a company you are familiar with.) Access the organization’s website and research the mission and vision statements and code of ethics. Review the QuickStart: Mission and Vision media piece to support your

Creative Work For the past four weeks we have been working on creative material. Now it is time to show me what you have. I grade on how well thought

Creative Work For the past four weeks we have been working on creative material. Now it is time to show me what you have. I grade on how well thought out and the creativity of the social media promotions. You are not graded on the artwork itself. information is in

Project Budget and Project Management Schedule Develop a Project Management Cost (Budget) and Project Management Schedule for Cosmos, Inc. or your

Project Budget and Project Management Schedule Develop a Project Management Cost (Budget) and Project Management Schedule for Cosmos, Inc. or your selected business, using the Project Management Plan template.

Staffing Analysis Interest

Staffing Analysis Interest Rate Applications 4.0% 3098 4.3% 2785 4.3% 2515 4.7% 2180 4.7% 1873 5.2% 1794 5.6% 1450 5.7% 1177 6.1% 822 6.2% 886 6.2% 740 6.8% 740 7.1% 722 7.6% 540 8.3% 375 8.9% 425 9.4% 360 9.5% 389 9.7% 339 9.8% 336

MGT 6203 Three-Year Strategic Plan for Years 11-13 Synopsis Mission and Vision Mission Provide your mission

MGT 6203 Three-Year Strategic Plan for Years 11-13 Synopsis Mission and Vision Mission Provide your mission statement. Vision Provide your vision statement. Corporate Social Responsibility Describe how the organization has been involved with CSR, and the intention of the organization going forward. To Our Stockholders Construct a letter to the

please read instructions and message me. F25 COMPANY: AMAZON All submissions must be no more than 10 pages in length (10 pages are the expected

please read instructions and message me. F25 COMPANY: AMAZON All submissions must be no more than 10 pages in length (10 pages are the expected length) plus appendices/references, written in Times New Roman Font 12 (for readability purposes), double- spaced, with 1.0-inch margins. The appendices and references count as extra

Module 8 – Group Discussion: Chapter 31 – Starting a Business

What leadership behaviors are needed to improve the work environment, determined via your assessment of the employee engagement survey? What

What leadership behaviors are needed to improve the work environment, determined via your assessment of the employee engagement survey? What leadership skills would you recommend including in your organizational leader’s toolkit to develop the identified leadership behaviors? How will improvements in the recommended leadership skills and behaviors improve organizational performance?

Complete the following: · Choose an organization. (It can be something that interests you, where you work, or a company you are familiar with.) ·

Complete the following: · Choose an organization. (It can be something that interests you, where you work, or a company you are familiar with.) · Access the organization’s website and research the mission and vision statements and code of ethics. · Review the QuickStart: Mission and Vision media piece to

Discussion Thread: Problem Statement Development This week you will select an organization and management, or business-related topic related to your

Discussion Thread: Problem Statement Development This week you will select an organization and management, or business-related topic related to your cognate that interests you and construct the following components. You can refer to the resources provided earlier in the course for additional guidance. Post your write-up to the discussion and

Describe the three most important points of the chapter in order of importance. Explain why they are important and how you chose the order of

Describe the three most important points of the chapter in order of importance. Explain why they are important and how you chose the order of importance