Your team has been asked to evaluate the existing inventory management strategy at Parker Earth Moving Companyto find how the company may optimize its operational performance. The company has also asked for arecommendation of which subcontractor to employ.a. See the scenario for more information regarding the situation. The scenario may be found on the student Webpage in the course materials.b. Write a 350 to 500 word executive summary of your evaluation. The following points must be addressed in yoursummary:1) What are the inventory reorder points and the quantities per order?2) What problems exist in the current operational strategy?3) Explain your rationale for selecting subcontractor A or subcontractor B. How does the selected subcontractoroptimize operational performance?4) How would you plan around an emergency, such as a natural disaster? If a hurricane disrupted the supply ofraw materials and the work-in-process inventory needed to produce finished goods, how would you modifythe reorder points and quantities per order and why?c. Be sure to properly cite at least two different academic references.d. Post to the Assignments section on eCampus by Day 6.
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