Question: airvent fan co . case study - How does Airvent Fans Co . ' s inventory management strategy contribute to or detract from its ability

airvent fan co. case study- How does Airvent Fans Co.'s inventory management strategy contribute to or detract from its ability to meet fluctuating demand in the ceiling fan market? 2- Considering the various types of inventories maintained by Airvent Fans Co., including raw materials, work-in-progress, and finished goods, how does the company balance the costs associated with carrying excess inventory against the risk of stockouts and lost sales? 3- What factors should Airvent Fans Co. consider when determining the appropriate level of safety stock for its key components, such as stators, rotors, and blades, given the lead times and variability in demand? 4- How can Airvent Fans Co. optimize its inventory turnover ratio to improve cash flow and operational efficiency, particularly in light of the forecasted increase in demand for ceiling fans? 5- In what ways can inventory forecasting techniques, such as time-series analysis or demand sensing, help Airvent Fans Co. anticipate future demand more accurately and thereby reduce excess inventory and stockouts? 6- Discuss the potential advantages and disadvantages of implementing a just-in-time (JIT) inventory system at Airvent Fans Co. How might such a system impact the company's production processes and supply chain relationships? 7- Considering the variety of fan models manufactured by Airvent Fans Co., how can the company implement product segmentation strategies to optimize inventory management and ensure that the right products are available to meet customer demand? 8- Could Airvent Fans Co. have met the demand of 2017 given its current capacity, without any changes? 9- Can Airvent Fans Co. meet the forecasted production targets for 2018 and 2019 without any addition to its capacity? 10- With projected demand expected to reach 1.2 million fans annually by 2020, how can Airvent Fans Co. restructure itself to meet this capacity requirement? What should be the capacity they should plan?ents fan co

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!