Question

Identify a product that The Home Depot company produces. We need inventory of products for many reasons, but primarily to meet uncertainty in demand, production, and supplies. These truths pertain to both services, information flow, and goods. For the product you identified for your Home Depot, what is it that needs to be “inventoried” to assure on time delivery of your product to the customer? Of course you have to support your statement.

Answer 1

The Home Depot company produces furniture. Thus, we are considering product furniture for this case. In order to ensure timely delivery of furniture, the company needs to have inventory of the following items:

• Wood
• Nails and other small components
• Wood glue
• Fabric
• Wood polish
• Foam for sofas
• Semi-finished standard parts of the product.

In addition to this, the company must have adequate skilled manpower to produce the items on time as per customer requirements. These will help the company cater to customized orders for furniture easily and fast. Thus, ensuring faster return on investment and gain customer satisfaction. Repeat sales and long term relations with customers will be facilitated.