market. By contrast, European automakers are burdened by a glut of car-building capacity while new car sales plunge to the lowest level since 1995" (Bomey 2012)
People want to have a car that shows off their status in society. No one wants to buy small" (Cha 2008)
'Carmakers too dependent on small cars and their national markets, as the French ones and Fiat, are suffering the most," said Ian Fletcher, a London-based analyst with IHS Automotive. 'They are basically trying to keep their heads out of the water'" (Ebhardt 2012)
S. dollar has also driven many foreign manufacturers to transplant themselves in the United States, including Toyota, BMW and Hyundai (Eisenstein 2012)
. Finishing just behind the Toyota Corolla, which sold 300,800 units and the Ford Focus -- which came in just behind its Japanese rival with 277,000 Focus sales -- the Prius managed to finish third with a bronze medal deserving 247,230 in total global sales" (Iliaifar 2012, Toyota)
. Finishing just behind the Toyota Corolla, which sold 300,800 units and the Ford Focus -- which came in just behind its Japanese rival with 277,000 Focus sales -- the Prius managed to finish third with a bronze medal deserving 247,230 in total global sales" (Iliaifar 2012, Toyota)
33M units in 2010, 2012, In Auto News). Ford, eager to make up the ground it has lost to its American rival, has also begun to roll out several new brands (Klayman 2012)
Only luxury brands such as Mercedes-Benz remained strong. In general, high-end consumption tends to be less affected by economic instability, given that wealthier consumers have more discretionary income, and less of that income is derived from salary (Menon 2012)
GM sales rose 59% in India, 21% in Russia and 11% in China in 2011. "Just two years ago GM's China sales were growing at an annual pace of almost 50%" but sales have been leveling (Shirouzu 2012)
"Just two years ago GM's China sales were growing at an annual pace of almost 50%" but sales have been leveling (Shirouzu 2012). One problem is that Beijing's city government has begun to more strictly limit the issuing of license plates for new cars: "it will issue a maximum of 240,000 license plates for new cars and microvans this year, about a third of the 750,000 expected for last year" to "combat congestion" (Zhang & Shirouzu 2012)
This relates to application of lean practices with reference to inventory management cycle in order to eliminate or reduce investment in standing inventory, reverse logistics, and shipping costs while maintaining or enhancing customer service levels. This is an indication that effective inventory management focuses on appropriate implementation of available information with the aim of enhancing the outcome (Mercado, 2008)
These opportunities are essential in the improvement of effectiveness and efficiencies staring with shortening order to receipt time with the aim of not incurring additional cost of operations and distribution of automotive used-parts. This illustration focuses on the inclusion of four critical stages: supply chain management, inventory control, demand forecasting, and reverse logistics (Chou et al
In this research exercise, the focus will be on the illustration of the four critical stages of inventory management with reference to the automotive used-parts industry. The second objective of the research exercise will be on the examination of the influence of the market, weather, production, and quality control on the sales and inventory management within the automotive used-parts industry (Jaber, 2009)
Various industries and organizations adopt and implement unique such as cost of goods, customer managed inventory, and inventory turnover. This is because of the unique needs and objectives by organizations and industries (Glock et al
The organization must determine the time for the suppliers to process an order and execute the delivery adequately in order to evaluate the process of acquiring materials for the inclusion of total delivery. Effective inventory management would focus on the determination of the amount of time relevant for the transfer of the products to their respective places for the purposes of sales (Ben-Daya et al
This will also include returned products in case of implemented product-return policy. Accurate documentation of the details in relation to the movement of the materials through stages of inventory ensures that the organization has the opportunity to display information to sales personnel with reference to what is available for transportation (Chin et al
Changes within the markets, globalization, and adoption of new techniques are essential in the implementation of quality and effective inventive management. This is because of the need by organizations or business entities within this industry to adopt and implement an efficient inventory management with the aim of curbing new consumer demands and changes across the globe (Niranjan et al
It is also essential for the organization to focus on quality management of time thus addressing variation in weather conditions. Adverse weather conditions such as floods cause massive destruction to properties and products thus limiting supplies to the organizations operating within the context of automotive used-parts industry (Syntetos et al
It is also ideal for proper timing in order to avoid implications of adverse weather conditions because of the massive losses. This is through adopting effective infrastructures at strategic places across the globe with the aim of addressing various needs and preferences of consumers within the market (Wadhwa et al
In this research exercise, the focus will be on the illustration of the four critical stages of inventory management with reference to the automotive used-parts industry. The second objective of the research exercise will be on the examination of the influence of the market, weather, production, and quality control on the sales and inventory management within the automotive used-parts industry (Jaber, 2009)