These individual written assignments will address important topics from the world of accounting and involve practicing...

 

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These individual written assignments will address important topics from the world of accounting and involve practicing our writing and research skills. They should use a professional business memo format and be directed to the appropriate audience. Grammar, spelling and word choice will be important to receive full credit. The use of sources of information should be correctly referred to and should reference professional resources. The formatting of citations is not important but the citations should be in text as well as in a bibliography. Instructions We look at lot at inventory costs in this class and it is one of the most important assets to manage correctly for a company to be successful. One approach that is only briefly discussed in your textbook is referred to JIT or Just In Time Inventory. Applying or not applying this approach will have significant implications as to the amount of inventory costs that are managed by a manufacturer. Let's explore this idea a little more and think through how it might apply to a hypothetical employer. Your boss at work is wondering if adopting just in time inventory will be a help for the business where you work. Assume for now that your employer is a manufacturer of inventory where a significant amount of the cost is in the inventory produced. Do some research about what JIT inventory is and what is good about it and where it might be a problem. Summarize both sides in at one page single spaced memo addressed to your boss giving them the information they need to make the decision to move toward JIT or not. Make sure to document your sources. This will be a rough draft for feedback and will be graded on whether or not a professional business memo format was chosen, what sources were chosen and whether the topic is covered in the space allotted. These individual written assignments will address important topics from the world of accounting and involve practicing our writing and research skills. They should use a professional business memo format and be directed to the appropriate audience. Grammar, spelling and word choice will be important to receive full credit. The use of sources of information should be correctly referred to and should reference professional resources. The formatting of citations is not important but the citations should be in text as well as in a bibliography. Instructions We look at lot at inventory costs in this class and it is one of the most important assets to manage correctly for a company to be successful. One approach that is only briefly discussed in your textbook is referred to JIT or Just In Time Inventory. Applying or not applying this approach will have significant implications as to the amount of inventory costs that are managed by a manufacturer. Let's explore this idea a little more and think through how it might apply to a hypothetical employer. Your boss at work is wondering if adopting just in time inventory will be a help for the business where you work. Assume for now that your employer is a manufacturer of inventory where a significant amount of the cost is in the inventory produced. Do some research about what JIT inventory is and what is good about it and where it might be a problem. Summarize both sides in at one page single spaced memo addressed to your boss giving them the information they need to make the decision to move toward JIT or not. Make sure to document your sources. This will be a rough draft for feedback and will be graded on whether or not a professional business memo format was chosen, what sources were chosen and whether the topic is covered in the space allotted.

Answer rating: 100% (QA)

Just in time inventory is the inventory which is purchased right when the need of sale is realize... View the full answer