For which items should we keep our own inventory?
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2.For which items should we keep our own inventory?
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- How does the Wilson approach account for perishable or time-sensitive inventory items, and what modifications may be required for such cases?So, what precisely is the role of finished-goods inventory in a business?What are the primary objectives of the Wilson approach, and how does it optimize inventory levels?
- The following are the details of the inventory of Aloysius Pharmacy Equipment = PhP 2,500 Handling = 500 Labor = 1,500 Obsolescence = 100 Protective measures = 300 Pilferage = 100 Inventory value = 100,000 Opportunity cost = 10% Insurance = 4% Taxes = 7% How much is the Inventory Cost? PhP 2,500 PhP 4,500 PhP 5,000 PhP 100,000 None of the given choices What is the Inventory Carrying Rate? 4% 5% 7% 10% 100% None of the given choices1. Why is accurate inventory such an important issue at Wheeled Coach? 2. Why does Wheeled Coach have excess inventory, and what kind of a plan would you suggest for dealing with it? 3. Be specific in your suggestions for reducing inventory and how to implement them. *You may wish to view the video that accompanies this case beforeDevelop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*. Period 1 2 3 4 5 6 7 8 9 10 11 12 Gross requirements 30 30 30 60 30 20 70 60 *Holding cost=$3.50/unit/week; setup cost=$150; lead time=1 week; beginning inventory=40. Develop a lot-for-lot solution (enter your responses as whole numbers). Period 1 2 3 4 5 6 7 8 9 10 11 12 Gross requirements 30 30 30 60 30 20 70 60 Scheduled receipt Projected On-hand 40 enter your response here enter your response here enter your response here enter your response here enter your response here enter your response here…
- What type of inventory would be destroyed in a supermarket?Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*. Period 1 2 3 4 5 6 7 8 9 10 11 12 Gross requirements 30 30 40 70 30 10 70 50 *Holding cost =$ 3.50/unit/week; setup cost =$ 200; lead time =1 week; beginning inventory =40. Develop a lot-for-lot solution (enter your responses as whole numbers). Period 1 2 3 4 5 6 7 8 9 10 11 12 Gross requirements 30 30 40 70 30 10 70 50 On-hand at beginning of period 40 On-hand at end of period…How to Treat Inventory?