OPERATION Essay Example | Topics and Well Written Essays - 500 words

OPERATION - Essay Example At the same time, Deere also aligned its production processes with sales forecasts, supplier lead times, and customer demand for the products, which enabled the company to immediately respond to rapid changes in product demand and reduce the company's vulnerability to external factors that affect its profitability and operations. Similarly, Revlon's recent inventory restructuring initiative was influenced by the increased need to optimize all aspects of the company's resources to meet greater customer-service expectations and to manage capital flows from inventory to other business activities such as research and product development. In contrast with Deere's efforts, Revlon emphasized a process-based approach to reduce inventory costs. This entailed targeting the inefficient parts of the company's supply chain for restructuring in order to achieve a better synchronization across the functional areas of the business. For one, Revlon focused on making sustainable changes by changing at titudes and behavior within the company that contributed to inefficient business processes in order to align leadership and management practices with the demands of the new inventory management process.