Materials and Inventory Management

Materials and Inventory Management Summative Assessment: Outline & Rubric 
Summative Assessment Outline
Materials and Inventory Management
Competency Name: Materials and Inventory Management
Competency Statement: Utilize inventory management tools to create value.
Summative Assessment Submission Title: Inventory Plan
Competency Objectives:
1. Develop an understanding of the value and costs savings available through implementation of warehouse and inventory
management systems.
2. Develop an understanding of an inventory management project plan that takes the following into account: customer
requirements, cost, and technology for a warehouse management system (WMS).
3. Create a flowchart to track the movement of goods or services within an organization.
4. Develop an understanding of asset classification including physical tracking systems—bar coding, asset tags, s/n’s,
and radio-frequency identification (RFID).
Program Learning Outcomes: N/A
Institutional Learning Outcomes: N/A
Purpose of this Assessment
The final assessment for this competency is to analyze existing inventory management and physical tracking systems in order to
develop an inventory project plan that considers available cost savings, customer requirements, warehouse management and
technology systems, and physical tracking systems (including asset classification and RFID options).
Items Required for Submission
1. A six- to eight-page analysis paper that looks at existing inventory management systems.
2. A 15- to 20-slide PowerPoint presentation (excluding the title page and references).
Step ONE: Research and Planning
 
Materials and Inventory Management Summative Assessment: Outline & Rubric
 
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Research two or more inventory management systems. Take note of the costs and benefits of various options, integration of new technology,
and physical tracking systems utilized. Here are some sites to help you get started in your research:
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http://www.a-barcode.com/case-studies/#.U3ObzcceJXk
http://www.asapsystems.com/customer_spotlight.php
http://www.fishbowlinventory.com/case-studies/
http://www.waspbarcode.com/case-studies/inventory-control
http://www.cribmaster.com/case-studies.html
http://www.impinj.com/applications/Case_Studies.aspx
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Consider the inventory management and tracking systems in your research based on the four course objectives.
1. Develop an understanding of the value and costs savings available through implementation of warehouse and inventory
management systems.
2. Develop an understanding of an inventory management project plan which considers: customer requirements; cost; and
technology for a WMS.
3. Create a flowchart to track the movement of goods or services within an organization.
4. Develop an understanding of asset classification including physical tracking systems (bar coding, asset tags, s/n’s, RFID).
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Select an existing company for which you will develop and propose an inventory plan. Make sure to note the history, management style,
stated mission, vision, and values of the selected organization.
You may select a company from one of the Fortune 500, fortune.com/fortune500/, or any other established company. Keep the details of
this company in mind as you conduct additional research.
Step TWO: Analysis Paper
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Analyze existing inventory management systems, focusing on the strengths and limitations in regards to available cost savings through
inventory management and inventory movement tracking systems, consideration of customer requirements, warehouse technology
management systems, asset classification and RFID options.
Take careful notes to help support your inventory plan proposal.
Prepare a six- to eight-page analysis paper to help support your PowerPoint proposal.
Step THREE: Inventory Plan Proposal & Flowchart
 
Materials and Inventory Management Summative Assessment: Outline & Rubric
 
Prepare a comprehensive PowerPoint which integrates the research and analysis you conducted in steps ONE and TWO. The actual presentation
should do the following:
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Provide background on the company you have selected (including the history, management style, and stated mission, as they relate
to the need for an inventory management plan).
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Propose an inventory plan (based on your research) and explain how this plan will benefit the company. Be sure to address available
cost savings, consideration of customer requirements, warehouse management and technology systems, and physical tracking
systems (including asset classification and RFID options).
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Create a simple flowchart that models the proposed movement of goods and services within the selected organization.
Step FOUR: Complete Checklist for Submission
Before you submit, check to see if you believe you have met the criteria noted below.
Did you….
ü Analyze and evaluate the strengths and limitations of existing inventory management systems (including details on cost savings, integration
of technology, customer requirements, asset classification, and physical tracking systems)?
ü Write a six- to eight-page analysis of existing inventory management systems to help support your PowerPoint presentation?
ü Design a comprehensive and well-constructed plan that completely addresses the issues presented in your analyses of existing inventory
plans?
ü Recommend superior strategies to enhance available cost savings, inventory management, integration of technology of warehouse systems,
and physical tracking methods?
ü Provide a concise description of the history of the selected organization, the management style, and the stated mission, vision and values,
and relates these to the proposed inventory management system?
ü Integrate well documented research to support your proposal particular to the company you selected?
 
Materials and Inventory Management Summative Assessment: Outline & Rubric
 
ü Include a comprehensive flowchart that shows the movement of goods and services within the selected organization?
ü Put the above components together in a well-designed PowerPoint (15 to 20 slides) that demonstrates creativity and facilitates viewer
understanding?
ü Format the presentation appropriately and ensuring that APA style is used correctly and there are no grammatical errors?
ü Integrate three or more scholarly sources, text, and current articles into your presentation?
Step FIVE: Submit Your Work
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Your completed final assessment documents should be submitted through the Final Assessment page of your competency.
Materials and Inventory Management Summative Assessment: Outline & Rubric
 
Summative Assessment Rubric
Materials and Inventory Management
Criterion
 
EMERGING (1)
DEVELOPING (2)
PROFICIENT (3)
EXEMPLARY (4)
Analysis and
Evaluation
of Inventory
Management
Systems
Poorly analyzes and
evaluates the strengths and
limitations of existing
inventory management
systems (including details
on cost savings, integration
of technology, customer
requirements, asset
classification, and physical
tracking systems).
Partially analyzes and
evaluates the strengths and
limitations of existing inventory
management systems
(including details on cost
savings, integration of
technology, customer
requirements, asset
classification, and physical
tracking systems).
Somewhat insightfully
analyzes and evaluates the
strengths and limitations of
existing inventory
management systems
(including details on cost
savings, integration of
technology, customer
requirements, asset
classification, and physical
tracking systems).
Insightfully analyzes and
evaluates the strengths and
limitations of existing inventory
management systems
(including details on cost
savings, integration of
technology, customer
requirements, asset
classification, and physical
tracking systems).
Synthesis and
Creation
Inventory
Project Plan
The student designs a plan
that poorly addresses the
issues presented in the
analyses of existing
inventory plans, and
recommends weak
strategies to enhance
available cost savings,
inventory management,
integration of technology of
warehouse systems, and
physical tracking methods.
The student designs a plan
that partially addresses the
issues presented in the
analyses of existing inventory
plans, and recommends some
strategies to enhance available
cost savings, inventory
management, integration of
technology of warehouse
systems, and physical tracking
methods.
The student designs a well
constructed plan that
addresses most of the
issues presented in the
analyses of existing
inventory plans, and
recommends good
strategies to enhance
available cost savings,
inventory management,
integration of technology of
warehouse systems, and
physical tracking methods.
The student designs a
comprehensive and well
constructed plan that
completely addresses the
issues presented in the
analyses of existing inventory
plans, and recommends
superior strategies to enhance
available cost savings,
inventory management,
integration of technology of
warehouse systems, and
physical tracking methods.
Materials and Inventory Management Summative Assessment: Outline & Rubric
 
Description
and Context
Provides a partial
description of the history of
the selected organization,
the management style, and
the stated mission, vision,
and values, and does not
relate these to the proposed
inventory management
system.
Integrates limited research
to support the student’s
proposal.
 
Provides a description of the
history of the selected
organization, the management
style, and the stated mission,
vision, and values, but
minimally relates these to the
proposed inventory
management system.
Provides a description of
the history of the selected
organization, the
management style, and the
stated mission, vision, and
values, and relates these to
the proposed inventory
management system.
Provides a concise description
of the history of the selected
organization, the management
style, and the stated mission,
vision, and values, and relates
these to the proposed
inventory management
system.
Integrates some research to
support the student’s proposal.
Integrates well documented
research to support the
student’s proposal.
Integrates well documented
research to support the
student’s proposal particular to
the selected company.
Visual Display
Does not include a
comprehensive flowchart
that shows the movement
of goods and services
within the selected
organization.
Includes a flowchart that
shows the movement of goods
and services within the
selected organization, but
some elements are unclear
and overly broad.
Includes a flowchart that
shows the movement of
goods and services within
the selected organization,
but the chart may lack
some detail.
Includes a comprehensive
flowchart that shows the
movement of goods and
services within the selected
organization.
Presentation &
Mechanics
The PowerPoint is not
formatted appropriately and
may exhibit disorganization
and multiple grammatical
errors that interfere with
viewer understanding.
The PowerPoint is
presentation is formatted
appropriately and designed in
a way that facilitates viewer
understanding. There are
multiple grammatical errors
and the presentation lacks
creativity or the presentation is
excessively long or short.
The PowerPoint is of
appropriate length and
formatted appropriately and
designed in a way that
facilitates viewer
understanding. There are a
few minor grammatical
errors.
The PowerPoint is of
appropriate length, creative,
and easy to read. The
presentation is formatted
appropriately and designed in
a way that facilitates viewer
understanding. There are no
grammatical errors.
Materials and Inventory Management Summative Assessment: Outline & Rubric
 
Research &
Formatting
 
APA style may not be
correctly used and the
student has not integrated
scholarly sources, text, and
current articles.
APA style is correctly used and
the student has integrated one
to two scholarly sources, text,
or current articles.
APA style is correctly used
and the student has
integrated three or more
scholarly sources, the text,
and current articles.
APA style is correctly used and
the student has integrated
three or more scholarly
sources, the text, and current
articles.