Tesla's Inventory Management
You can choose earlier company or another - might be a good idea to continue with the same company(tesla, please see attached)
Your objective is to assess the Inventory management in the company – I assume you have had enough experience by now, and draw conclusions and give broad recommendations.
Introduce your business briefly – a paragraph or two. Remember I don't know the company nor the business they are in.
List down all different types of inventory– as discussed in the chapter. You will need to explain what type and why you believe it fits into the category
Remember – “how companies use their inventory” – how does yours use them?
Do an ABC Analysis of the types of inventory(from the listing in # 2) and explain why you believe the inventories fit into a particular category. You don’t need to do a quantitative analysis – as this will be difficult for you. However, you could use a spreadsheet (or a graphic) without the numbers You will need to present a table, to demonstrate your ability to do the analysis
What conclusions do you draw from your analysis? Are there any improvements required and what would you recommend?
Check the Assignment Grading Rubric
add graphics/charts/tables to support your analysis
APA Citation Format – this will be checked using Turnitin
Tesla Inventory Management
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Tesla Inventory Management
Introduction
Tesla, Inc. is a corporation that creates, designs, produces, and distributes completely electric cars and energy production and storage solutions. It also has supercharging terminals, auto repair shops, and autonomous driving features. The business's operations are divided into Vehicles and the Generation and Storage of Energy. The automotive sector encompasses electric car design, development, manufacturing, and distribution. The Energy Generation and Storage area covers the design, manufacture, setup, leasing, acquiring, promoting, and buying of stationary storage devices for energy and renewable energy systems and the sale of power generated by these systems to users (Tesla Inc., 2022). It creates energy storage solutions for residential buildings, business establishments, and utility sites. The firm, which has its headquarters in Austin, Texas, was formed on July 1, 2003, by several engineers, including Jeffrey B. Straubel and Elon Reeve Musk.
A group of engineers established the business in 2003 intending to demonstrate the superiority of electric vehicles over gasoline-powered automobiles. Accelerating the shift to sustainable energy is Tesla's goal. The corporation aims to lessen global reliance on fossil fuels by producing energy storage devices, solar products, and electric vehicles. Costs and production support are considered in the strategic decision