Select an inventory management problem that applies to your work or personal life.Prepare a project proposal in which you:Describe the organization, the inventory problem it faces, and the expected benefits that are motivating the organization to implement a solution.Convert time series data collected in Week Two to seasonal indices. You may choose to use the University of Phoenix Material: Summer Historical Inventory Data or University of Phoenix Material: Winter Historical Inventory Data if the data you collected is insufficient.Use seasonal indices to analyze the inventory data.Use the slope-intercept formula to determine the annual increase in inventory.Provide monthly seasonal indices for the given data.Identify the busy months of year.Identify the slow months of year.Construct a histogram of the inventory data using Microsoft? Excel?.Forecast the future inventory costs using time value of money concepts.
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