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)
Quality control will affect inventory management because of its focus on the concepts of timing and documentation. These two aspects are critical towards the achievement of goals and objectives thus an opportunity for the improvement of the profits and revenues during the financial year (Silver et al
The mathematical model could predict the fuel quantity that determines the engine speed. (Harris, & Pearce, 1990)
Thus, the mechanical of the system is described using a mathematical model. (Golten, & Verwer, 2003)
Olds, and Oldsmobile Curved Dash. Keeping in view the rapidly growing automobile industry in the country, the Federal Aid Road Act of 1916 allocated a huge amount for building roads and improving transportation infrastructure (Bigelow & Argyres, 2008)
S. customers hesitate to buy cars and other automobiles from new brands due to the lack of reliability and brand loyalty with new manufacturers (Clarke, 2007)
automotive industry are not on the bargaining edge. Therefore, they are not in a position to charge a high price for their products as it may make their customers switch to other low price suppliers (Hill & Jones, 2008)
If these low priced cars arrive in the United States market, they will pose a big threat to the automobile manufacturers that have been charging a high price for their cars. The arrival of these substitute automobiles may totally exclude the middle income group from the potential target market of the existing automobile manufacturers (McCarthy, 2007)
S. automobile industry, the customers make their purchase decisions according to certain preferences; including price, quality, performance, brand, and design of the automobiles (Morton, Silva-Risso, & Zettelmeyer, 2011)
The environmental forces which have always been impacting the business operations and profitability of automobile manufacturers will become more severe with the passage of time. The fuel and raw material prices, governmental laws and regulations, inflationary pressures, consumer preferences, and other important environmental forces will always pose critical issues and challenges to this industry (Stonehouse & Snowdon, 2007)
These new entrants try to penetrate in the industry when they find its markets attractive for their business and anticipate a sustainable future in this industry. These entrants pose big challenges for the existing businesses in maintaining their profit margins, market share, and customer base (Phadtare, 2011)
S. automotive industry to the investors and key stakeholders (Porter, 1998)
S. automotive industry to the investors and key stakeholders (Porter, 1998)
automobile manufacturers are General Motors, Chrysler, and Ford. These three manufacturers are sharing the major automobile production in the United States with some renowned multinational brands including Honda, Toyota, Nissan, BMW, Mazda, Mitsubishi, Hyundai-Kia, Subaru, and Daimler (Vlasic, 2011)
China is one of the growing markets that the company should address in a more aggressive manner. Certain Chinese polls and surveys place Jeep in the top 5 most preferred American brands (Highfill et al
1). According to this author, "Ghosn said the high cost of materials such as iron ore, precious metals and aluminum represent risk for the industry, and must come down after increasing for four years" (Beene, p
S. include mandated price ceilings on the price of gasoline (Mankiw, 2004)
1). Furthermore, some researchers suggest that other negative externalities of the automotive industry today include the indirect provision of American dollars to countries in the Middle East that sponsor terrorism and threaten American interests at home and abroad (Hewitt, 2007)
Negative or Positive Externalities the Automotive Industry Produces. Some of the more obvious negative externalities produced by the automotive industry include the pollution caused by internal combustion vehicles and the concomitant traffic congestion and increased incidence of traffic accidents, injuries and deaths that result in many parts of the country (King & Lyytinen, 2004)
Furthermore, some researchers suggest that other negative externalities of the automotive industry today include the indirect provision of American dollars to countries in the Middle East that sponsor terrorism and threaten American interests at home and abroad (Hewitt, 2007). By contrast, the creation of new jobs and the addition of new employees to the American workforce are some positive externalities produced by the automotive industry in the United States (Sturgeon, 2000)