Space Age Furniture Company As competition increases within organizations in similar markets, it is imperative to look for ways to improve a company's overall operations. Businesses strive for development and this can be done by building an effective and efficient supply chain and inventory management system. Supply and inventory management must be regulated by both the suppliers and management teams of an organization, but more importantly by the organization that knows exactly which products are needed for production. Planning, scheduling, predicting and knowing consumers' needs are some qualities that a company can pursue in managing these operations. Organizations need to ensure that their operations are sufficient to the point When tariffs are low, transhipment from other FTA countries is less likely and downward pressure on prices after trade liberalization with FTA partners is minimal anyway . Another important aspect of getting an efficient supplier is to mitigate any delays in the shipping process from the supplier to Space Age Furniture Company. The level of supply and demand is critical to the organization's profits and the satisfaction rate of consumer demands. Space Age Furniture Company can restructure operations within its business. Restructuring may allow multiple tasks to be assigned to a single employee and also eliminate certain job duties due to the increase in individual employee knowledge. The company could also provide cross-training measures to empower its employees and broaden their knowledge. According to Johnson, 2011 p. This will help offset unexpected consumer demands and also limited levels of skilled and highly trained employees on duty as machinery facilitates production on its own. To use the continuous manufacturing style, the company will need to invest in high-end machinery and equipment for effective and efficient productions of Part 3079. While using the MRP system, the company should invest in updated software that will improve product tracking. inventory and its levels. Space Age Furniture Company should also review competitive analysis and revise its financial statements as this information is provided
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