What Are The Advantages And Disadvantages Of Inventory Management

1103 Words5 Pages
Executive Summary The Purpose of this report is to analyze the current situation of Purchasing & Inventory Management, and identify the operational problems within the organization and to develop the set of recommendations that would help organization to have effective and efficient process for the purchasing of material and inventory management by applying the relevant principles of Operational management theories and models. The company Brisbane Outdoor was established by Mr. Donald Saxon and expanded the business with the help of acquisition of other outlets, he has developed the independent structure of management within all three outlets, that has been run by the experienced staff, his one of the staff named Belinda Green decided to buy the…show more content…
2. Advantages and Disadvantages of Current Process Advantages The laissez-faire leadership style is also known as "Discretional style of leadership. It is one in which the senior management provides little and or no direction and gives employees as much independence and freedom. All authority with power is given to the subordinates and employees and they must determine goals, objectives and make decisions, and resolve problems on their own and as on basis. • This is an effective style to use when employees are high skilled, with experience, and education. • Employees feel great pride in their work and the drive to do it best on their own. • Outside experts, such as staff specialists or consultants are being used • Employees are trustworthy and experienced • Motivation to the employees, as they feel more part of the business and operational process to take decision and make the operation flexible with the demand of the market. The other advantages of the current process includes the following: • Freedom to choose any sort of item feel appropriate with the
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