The products of Scientific Glass include customized and specialized glassware for a variety of organizations such as pharmaceutical companies, hospitals, research labs, quality-control sites and testing facilities. By January , a substantial increase in their inventory balances tied up the capital needed for investment for expansion. Also the shipping costs were rising, competitive pressures were speeding up, and certain markets in North America and Europe were becoming saturated which underscored the necessity for capital investment for expanding market opportunities in Latin America and Asia. Moreover, expanding warehousing network increased the inventory levels along with costs, documentation complexities and errors. These expenses would further limit the company to use their existing capital in other areas such as research and development and expanding to international markets. This led to an increase in the inventory levels as some warehouse managers kept extra inventory in order to meet the company target fill rate.
Scientific Glass, Inc: Inventory Management
Scientific Glass, Inc.: Inventory Management: [Essay Example], words GradesFixer
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Scientific Glass, Inc.: Inventory Management
In: Business and Management. The company is facing an increase in inventory level balances with too much capital tied up in inventory preventing it from using its capital towards international expansion. Evaluating other options on the basis of effects of SG's previous attempts at correcting inventory management and the company information provided is a step in the right direction for curbing these major problems faced by SG.
When students have the English-language PDF of this Brief Case in a coursepack, they will also have the option to purchase an audio version. Scientific Glassware is a fast-growing, privately held company that provides specialized glassware for laboratory and research facilities. Excess inventory is tying up extra capital needed to fund the company's expansion plans. The newly hired Manager of Inventory Planning is tasked with developing an effective strategy for managing inventory without requiring additional capital investment. The company has launched several initiatives, such as adding a dedicated domestic sales force, which directly affect inventory requirements.