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- Sticky Fingers Inc. produces packing and masking tape. Last year’s annual report has been compiled, and you are in charge of business analysis for the year. The company had a goal for inventoryturnover of 6 for last year. The actual results were cost of goods sold of $400,000, beginning inventory of $50,000, and ending inventory of $70,000. What was the actual inventory turnover, and atwhat percent did the firm achieve its goal?The grocery industry has an annual inventory turnover of about 15 times. Organic Grocers, Inc., had a cost of goods sold last year of $11,430,000; its average inventory was $999,780. What was Organic Grocers' inventory turnover, and how does that performance compare with that of the industry? a) What was Organic Grocers' inventory turnover? nothing times per year (round your response to two decimal places).Andrew Manufacturing held an average inventory of $1.2 million (raw materials, work-in-process, finished goods) last year. Its sales were $8.5 million, and its cost of goods sold was $5.7 million. The firm operates 260 days a year. What is the inventory days' supply? Do not round intermediate calculations. Round your answer to one decimal place. Inventory days' supply (IDS): days What target inventory level is necessary to reach a 30- and 10-day inventory days' supply during the next two years? Do not round intermediate calculations. Round your answers to the nearest dollar. Target inventory level (30-day): $ Target inventory level (10-day): $
- One of your Taiwanese suppliers has bid on a new line of molded plastic parts that is currently being assembled at your plant. The supplier has bid $0.10 per part, given a forecast you provided of 400,000 parts in one year1. 500,000 in year 2; 700,000 in year 3. shipping and handling of parts from the supplier’s factory is estimated at $0.01 per unit. Additional inventory handling charges should amount to $0.006 per unit. Finally, administrative costs are estimated at $30 per month. Although your plant can continue producing the part, the plant would need to invest in another molding machine, which would cost $20,000. Direct materials can be purchased for $0.06 per unit. Direct labor is estimated at $0.05 per unit plus a 50% surcharge for benefits and, indirect labor is estimated at $0.008 per unit plus 50% benefit. Up-front engineering and design costs will amount to $40,000. Finally, management has insisted that overhead be allocated if the parts are made in-house at a rate of 100%…Kamal Fatehl, production ma nager of Kennesaw Manufacturing, finds his profit at $15,000 (as shown in the following statement)- inadequate for expanding his business. The bank isinsisting on an improved profit picture prior to approval of a loan for some new equipment. Kamal would like to improve the profit line to $25,000 so he can obtain the bank's approval for the loan. a) What percentage improvement is needed in a supply chain strategy for profit to improve to $25,000? What is the cost of material with a $25,000 profit?b) What percentage improvement is needed in a sales strategy for profit to improve to $25,000? What must sales be for profit to improve to $25,000?A company's strategic options for internally performed value chain activities do not include: A) implementing the use of best practices, particularly for high-cost activities. B) switching to activity-based costing. C) investing in productivity-enhancing, cost-saving technological improvements. D) revamping its value chain to eliminate or bypass some cost-producing activities (particularly low value-added activities). E) outsourcing the performance of high-cost activities to vendors that can perform them more cheaply.
- As an operations management consultant, you have been asked to evaluate a furniture manufacturer’s cash to cash conversion cycle under the following assumptions: sales of $23.5 million, cost of goods sold of $20.8 million, 50 operating weeks a year, total average on hand inventory of $2,150,000, accounts receivable equal to $2,455,000, and accounts payable of $3,695,000. What do you conclude? What recommendations can you make to improve performance? What would be the impact of reducing the accounts payable from $3,695,000to $2,000,000 and all other data remained the same? Please show in detail these impacts quantitatively in your answers.1. Briefly discuss 4 supply chain challenges. 2. A large percentage of the revenue of most firms is spent in the Operations Management function. Select one: a. False b. True 3. Design is a basis for _________________and should therefore be a ____________________ Select one: a. Efficiency; key consideration b. Competitiveness; core competency c. Profitability; key strategy d. Survival; core competency e. Competitiveness; key strategyYour Boss is looking over a Breakeven Chart which you have prepared to portray the Cost Volume Profit relationship of proposed plan of operations. He comments, “The chart only tells me more we sell more profits we make.” What will be your reply? How will you convince your boss that BEP analysis is important for every organization, it gives a way to design production units and identifying profits and losses?
- Q) Discuss BCG matrices in detail by elaborating how BCG matrices allow diagnostic decisions regarding channeling firms’ resources in productive ways. Moreover, also discuss (with proper justification) that what percentage of products are desirable for firms’ to have from BCG perspective?One of your Taiwanese suppliers has bid on a new line of molded plastic parts that is currently being assembled at your plant. The supplier has bid $0.10 per part, given a forecast you provided of 200,000 parts in year 1; 300,000 in year 2; and 500,000 in year 3. Shipping and handling of parts from the supplier’s factory is estimated at $0.01 per unit. Additional inventory handling charges should amount to $0.005 per unit. Finally, administrative costs are estimated at $20 per month. Although your plant is able to continue producing the part, the plant would need to invest in another molding machine, which would cost $10,000. Direct materials can be purchased for $0.05 per unit. Direct labor is estimated at $0.03 per unit plus a 50 percent surcharge for benefits; indirect labor is estimated at $0.011 per unit plus 50 percent benefits. Up-front engineering and design costs will amount to $30,000. Finally, management has insisted that overhead be allocated if the parts are made in-house…How is inventory turnover computed and what does it tell the owner-manager?