After inventory you found out that there are 10 green shirts, 5 white shirts, and 3 red shirts sold as reflected in the sales report of the booth. What part of the inventory was sold if you had 5 colors of each shirt on stock, which is 1 dozen per color?
Q: 10. Interest, insurance, taxes, depreciation, breakage, warehousing, opportunity costs etc. are the…
A: Inventory carrying costs are defined as the costs that are identified by all the expenses related to…
Q: From operational perspective, yield management is most effective when: > Inventory is perishable >…
A: Yield Management is a pricing strategy used by enterprises in the aviation, hotel, and other…
Q: The role of safety stock in an organization is to a. reduce the lead time for an order to be…
A: Safety stock is a word used to define a quantity of additional stock kept on hand to avoid stock…
Q: Companies take a physical count of inventory at the end of the accounting period. Taking a physical…
A: At the end of an accounting period, the company calculates the rest of the inventory to check if…
Q: If demand for cars is 1300 per year and ordering and holding costs are $3000 and $4000 respectively,…
A: Economic order quantity is the optimal quantity of products or resources that the company should buy…
Q: A supply chain can be viewed as a sequence of processes & flows that take place between different…
A: Below is the solution:-
Q: Which of the following is ‘data’? i. Number of items in inventory in the store were 3,000 ii. Value…
A: 1. Data contains raw figures and facts. information, unlike knowledge, provides insights analyzed…
Q: 26. Who is responsible for following up the purchase order and ensuring that suppliers deliver the…
A: The buyer sends the purchase order to the vendor first, and it specifies exactly what the order…
Q: An inventory system that is based on the idea that all required inventory items should be supplied…
A: Inventory management is described as a process of managing, tracking, and controlling the inventory…
Q: A service garage uses 120 boxes of cleaning cloths a year. The boxes cost $6 each. Ordering cost is…
A: Annual demand, d=120 boxes Unit cost, u =$6 per box Holding cost percentage =10% Ordering cost, o…
Q: Which among the following is an inventory
A: The correct option is b) New cars kept outside the said bahwan showroom for sale.
Q: Which one of the following is NOT an example of pure risk? Potential loss of equity value due to…
A: Pure risk , moreover called absolute risk, is a category of threat that is beyond human manipulate…
Q: Which of the following are used for calculating economic order frequency? i. Total annual…
A: Economic order quantity is the optimal quantity that the business needs to buy the inventory to…
Q: The Lemma Company manufactures and sells ten products. Managers find ways to reduce the setup and…
A: EOQ = SQRT(2 * DEMAND * ORDERING COST / HOLDING COST) NEW EOQ = SQRT(2 * DEMAND * ORDERING…
Q: For one of your products, there is an average demand of 10,000 units per week. You have set safety…
A: Given, Q= 10000 d= 3 p= 10
Q: A restaurant has annual sales of $420,000, an average inventory of $6000, and an annualcost of goods…
A: Inventory management is a process of storing, utilizing, and keeping a check on the inventory levels…
Q: Procurement- Which of the following is not a type of supply budget? A. Capital B.…
A: Budget contains in estimation of revenue and expenditure in a specific period of time. To manage the…
Q: after inventory you found out that there are 10 green shirts, 5 white shirts, and 3 red shirts sold…
A: In the given question, 10 green shirts, 5 white shirts and 3 red shirts are currently in the stock.…
Q: Calculate Minimum level using the following information. Normal rate of consumption is 60 kg…
A: The minimum level of inventory is nothing but the type of preventative level of inventory which…
Q: ABC Company placed an order on December 1. It normally receives the order after 9 days. If the…
A: The reorder point is the level reached at which the order is placed to replenish the inventory…
Q: Inventory order is placed when 1)Only when projected or actual on hand stocks value is 2)positive…
A: Stock includes the goods and services of the business organization which is kept as an inventory in…
Q: Case Study 4: Inventory Management. I) A Furniture manufacturing company uses 1200 units of an…
A: Given: Annual quantity (D) = 1200 units The cost price = $250 per unit.The ordering costs = $600…
Q: A firm has $5,000,000 of inventory on average and annual sales of $30,000,000. Assume there are 365…
A: Inventory conversion period means the number of days taken for converting the raw materials into…
Q: Suppose that a large discount retailer with a lot of purchasing power in a supply chain requires…
A: A new information system will reduce the cost of placing orders between the retailers and its…
Q: Which of the following statements is not true: Select one: a. Inventory holding costs are the…
A: The annual inventory cost includes the cost of the inventory's storage space, taxes paid, insurance…
Q: ABC Company is planning to stock its product which is classified as an inventory item. The company…
A: Given data is Annual demand(D) = 16200 units Carrying cost(H) = 0.28×730=P204.4 Order cost(S) = P220
Q: the statements concerning reasons to hold inventory are true Except: To meet variations in demand To…
A: Inventory refers to the stock held by a business that it intends to sell either as is or after…
Q: tore demand in Week 5 is 375 and onhand inventory at the end of Week 4 is 450 If the manufacturing…
A: store demand for week will be 0.
Q: ABC classification divides on-hand inventory into three classes, generally based upon a. item…
A: ABC Classification is an effective method to deal with your stock/inventory. To decide how to…
Q: A company uses the production run model to determine the number of t-shirts that must be produced…
A: Here, Very first, I would determine the annual demand, This annual demand data is not given in the…
Q: Maxmin Trading Company buys 1,000 pcs of chair per month. The cost per chair is Php500 and…
A:
Q: The period from the date of order is placed to the date merchandise is delivered for sale is called:…
A: An Inventory Management System is one of the most important functions of the supply chain…
Q: The following information regarding inventory policy was assembled by the GB Inc. The company uses a…
A: The reorder point is the inventory level at which an order should be placed.
Q: The following information regarding inventory policy was assembled by the GB Inc. The company uses a…
A: Reorder point is the point where the company’s stock needs to be repurchased to avoid the reduction…
Q: What is the bullwhip measure for the retailer? The bullwhip measure for the retailer is ________.…
A: NOTE: We are allowed to do first three subparts of a question only. Bullwhip effect occurs due to…
Q: 25-Which among the following is an inventory?
A: Inventory is the term for the goods available for sale and raw materials used to produce goods…
Q: Define the term "inventory turn" and discuss why it is an important indicator of an organization’s…
A: "Inventory Turn" is the rate at which a company recoups its inventory in a given period usually in a…
Q: _______ refers to the ability of a supply chain to quickly adjust output to match market demand:…
A: Agility refers to the ability of a supply chain to quickly adjust output to match market demand.
Q: 6 Which of the following statements is true with regard to cycle stock? a It is also called…
A: Cycle stock is the measure of inventory that is to be utilized during a given period. The time frame…
Q: What are the procedures for completing an office inventory of supplies and equipment? How could you…
A: Most likely, your firm has a supply of office supplies on hand for employees to use, which means…
Q: company from United kingdom and write about their inventory management system and how they are…
A: Inventory management is a task for keeping track of the flow of inventory. It starts from the…
Q: Explain why data in the warehouse cannot be updated
A: Data warehousing is the storage of information over time by a business or other organization. New…
Q: Which of the following procedures will best detect the theft of valuable items froman inventory that…
A: Inventory is the term which is defined as the goods as well as materials that the business holds for…
Q: What would be the relationship (either one-to-one, one-to-many or many-to-many) between: Customer…
A: One-to-one means direct relationship between two entities. Such a relation exists if each record of…
Q: The annual inventory requirement at the C &E Enterprises is P2,500 units. Each inventory item has a…
A: Answer: For solving the question, we have the following information- The annual inventory…
Q: The average lead time is 10 days and the average daily usage of widgets is 20. The company has…
A: A reorder point (ROP) is a detailed level at which your stock needs to be reloaded. In simple words,…
After inventory you found out that there are 10 green shirts, 5 white shirts, and 3 red shirts sold as reflected in the sales report of the booth. What part of the inventory was sold if you had 5 colors of each shirt on stock, which is 1 dozen per color?
Step by step
Solved in 2 steps
- The chapter presented various approaches for the control of inventory investment. Discuss three additional approaches not included that might involve supply chain managers.after inventory you found out that there are 10 green shirts, 5 white shirts, and 3 red shirts sold as reflected in the sales report of the booth. What part of the inventory was sold if you had 5 colors each shirt on stock, which is 1 dozen pero color?Do the following: Inventory • What kind of inventory will you keep: raw materials, supplies, finished goods? • Average value in stock (i.e., what is your inventory investment)? • Rate of turnover and how this compares to the industry averages? • Seasonal buildups? • Lead-time for ordering? Details in the photo attached
- Womble Inc. has beginning inventory of $200 and an ending inventory of $400 for a given periodin which it purchased $13,400 worth of materials. What is the dollar amount of materials used inthis period?You have a starting inventory of $300, ending inventory of $600, purchases of $1200 and employee meals of $100. What is your cost of food sold? 1- 1000 2- 900 3- 800 4- Not Enough InfoIf average inventory is 3,75,000 and closing inventory is 30,000 less than opening inventory, then find the opening inventory?
- A restaurant has annual sales of $420,000, an average inventory of $6000, and an annualcost of goods sold of $264,000. What are the restaurant’s days-of-supply of inventory?(Assume 365 days per year.)What does the inventory turnover ratio mean? Do you want a high number or low number? How does it translate to inventory days?Annual purchasing salaries are $65,000, operating expenses for the purchasingdepartment are $25,000, and inspecting and receiving costs are $25 per order. If thepurchasing department places 9000 orders a year, what is the average cost of ordering? What is the annual cost of ordering?
- The materials manager for a billiard ball maker must periodically place orders for resin, one of the raw materials used in producing billiard balls. She knows that manufacturing uses resin at a rate of 50 kilograms each day, and that it costs $.04 per day to carry a kilogram of resin in inventory. She also knows that the order costs for resin are $100 per order, and that the lead time for delivery is four days. If the order size was 1,000 kilograms of resin, what would be the average inventory level?Fush uses an average of 40 boxes of paper serviettes a day. The restaurant operates 260 days per year, storage and handling costs for the serviettes are $ 30 per year per box, and it costs approximately $60 to order and receive a shipment of serviettes. a. Calculating the order size would minimise the sum of annual ordering and carrying costs? b. compute the total annual costs using your size from part a?A food processor uses approximately 27,000 glass jars a month for its fruit juice products. Because of storage limitations, a lot size of 4000 jars has been used. Monthly holding cost is $0.18 per jar, and reordering cost is $60 per order. Please answer the following questions by attaching your answers in a Word or Excel document. Show all work. Round up your answers where relevant. 1. What penalty is the company incurring by its present order size. Hint: compare the cost incurred as a result of using the current order size of 4000 jars versus the cost that would be incurred as a result of using the EOQ lot size. 2. What is the number of orders per month that would be placed if the company uses the EOQ order? 3. What is the maximum number of jars that are held in inventory in a given ordering cycle using the EOQ? 4. Assume that the firm operates 30 days per month and the lead time (LT) for each order is 5 days. What is the reorder point (ROP)? Verbally interpret the meaning of this…