Inventory Management for Sony and Apple, Inc.

Assignment 2: Inventory Management
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Inventory Management
Introduction
Technological advancement is undoubtedly among the most transformational forces in human society. According to Hillyer (2020), while less than 7% of the world was online in 2000, the figure is over 50% of the global population. Furthermore, the internet penetration rate is currently at a historical high because of the increasing ownership of electronics like smartphones. Sony and Apple are among the leading global organization in advancing technological development in the fourth industrial revolution. Because of the ever-increasing demand for consumer electronics, these two organizations must sustain an inventory that reacts to dynamic consumer needs and disruptions in the supply chain and meets these needs effectively to establish a competitive advantage. These organizations were chosen because they share a technology vision, especially regarding privacy, entertainment, and innovation. Some of their products, including iPhones, PlayStations, and Sony music systems and televisions, are the most common within households.
Inventory at Sony and Apple
Sony's Inventory
Sony's vast inventory of products is best captured in categories including electronics products, photography & videography, computing, healthcare mobility, mobility, robotics, imaging & sensors, game & network services, and picture & music categories. Under electronics categories, for instance, the company manufactures TVs, music systems, kitchen & home appliances, and media products like microphones, speakers, and amplifiers, among others. Aside from these finished products, the organization also holds an inventory of raw material, packaging material, and MRO supplies. The essential characteristic of the product inventory is its diversity in Sony's global market. The products cross multiple boundaries as they penetrate a diverse population across race, class, nationality, and income. A Sony customer, in other words, could be a single mother in Alaska with a Sony car stereo, a Kenyan youth with a Sony PlayStation, a South African banker with an Xperia, a European enthusiast in photography, or an organization seeking sensory products in aerial and satellite imagery.
Apple's Inventory
While Apple does not have a wide array of products like Sony, it still holds massive inventory because of its global enthusiasts. The company specializes in consumer electronics, online services, and software and is making headways in media and film production. Computers (Macintosh), iPhone smartphone products and their accompanying accessories, iPads, wearables, and home electronics & accessories. These product inventories are part of an extensive inventory that includes in-process products, repair parts, and MRO supplies. The critical characteristic of Apple's inventory is that they are in high demand, as outlined by the annual lining up of customers at stores waiting for the launch of new Apple products.
Goods and Services Design Concept
Apple utilizes the razor-razorblade business strategy in which products are sold at discounted prices while the company banks on getting returns from the sale of accessories that produ...