Provide a peer response to each discussion post answers 1 & 2 below. Point out what you perceived to be the strengths of the initial posting along with supporting rationale.

1. Identify specific opportunities for improvement with regard to the content in the initial posting.

In your initial post, defend your position on batch size and tell whether Economic Order Quantity (EOQ) is relevant to your selected company/industry. Identify how metrics are used in the company/industry to support use of batch size or EOQ. Enter your company's story along with narrative and relevant metrics

Discussion post 1:

Honeywell: Supply Chain Efficiency

Honeywell is a multinational company that has found a way to improve the efficiency within their supply chain. Due to the consistency within the industrial industry, the company is able to rely on batch sizes to maintain an adequate supply chain process. The company uses a couple different strategies to optimize this flow which includes automation and large scale contracts.

Honeywell uses blockchain technology to automate and streamline its operations.

Which:

• Increases transparency by providing real-time visibility into supply chain processes and transactions.
• Improves ability to track the movement of goods through their supply chain, helping them to identify issues and make corrections quickly.
• Provides real time data which can help them make informed decisions and respond to changing market conditions quickly and effectively.

Honeywell also relies on long-term government contracts for a significant portion of their revenue.

• This provides a clearer understanding of demand and allows them time to plan and produce their goods while reducing the risk of overproduction.

The supply chain market strategies are also reflected within their financials. Specifically, they can be seen within their Inventory Sales Ratio, Inventory Turnover Ratio, and Receivable Turnover Ratio.

Inventory Sales Ratio of 6.44 show that they:

• Efficiently manage inventory and sell products at a consistent rate allowing them to generate predictable revenue.
• Maintain strong demand for their products

Inventory Turnover Ratio of 4.36 show that they:

• Quickly sell inventory and replenish it, allowing them to maintain a steady flow of sales and revenue.
• Can reduce the amount of waste and excess inventory.
• Can quickly respond to changes in consumer demand.

Receivable Turnover Ratio of 4.81 show that they are:

• Efficient in billing and making collections which allows them to better manage cash flow.

Honeywell's ability to maintain long-term contracts with consistent customers e.g., U.S. Government provides a solution for them to ensure that their operational flow remains consistent. On top of that, they have implemented automation which is increasingly making them more efficient and competitive within their market industry.

Discussion post 2 :

Purchasing items in batches is helpful and useful for the company since it helps the company save money for the long run. According to an article, "When jobs are produced in bulk, raw materials can be purchased in bulk, so the cost of production reduces with lower rates" (Rogers, 2017). It will prevent a company from paying extra shipping fees for the products they have ordered. Having the product in a batch makes it easier to schedule and forecast by having visibility of the product. Having it in place allows the company to have complete control of the production process.

Karat Company specializes in providing high-quality, environmentally friendly, single-use disposable products for the restaurant and food service industry. Their product lines include and are not limited to food packaging, containers, tableware, cups, lids, cutlery, straws, and more. For example, the product line includes multiple brands such as tea zone and karat. EOQ is relevant in Karat Company because they deliver packaging products in a punctual manner, so attaining all the boxes packaging is essential. According to the website, "Our goal is to serve both national and regional restaurant chains with premium food service disposable products, excellent customer service, and timely delivery" (Karat). Delivering their products in a timely manner is a goal they achieved.