Deliverable Length: 750-1000 words Smitheford Pharmaceuticals wants to reduce its inventory costs. As a quality manager to Smitheford Pharmaceuticals, explain the meaning of lowering the water level to expose the rocks, on the diagram on this figure, as you would to your management team. How would you keep Smitheford Pharmaceuticals from immediately raising the inventory as soon as an outage occurs? Explain how each rock can cause problems in the production process and how you would help pharmaceuticals to improve processes and reduce inventory. Assignment Objectives: â€¢ Analyze processes and workflow of quality management, JIT and lean manufacturing, inventory management, and supply chain management and the use of enterprise resource, manufacturing and production operations systems and platforms. â€¢ Explain the concepts of forecasting, system design, capacity planning, quality management and control, supply chain management, inventory management and scheduling, and project management and how they each relate to form an integrated view of production and operations.