How does inventory management affect a pharmacy’s profit margins and cash flow? Discuss the various factors that affect the cost of goods in a pharmacy? Describe how you think technology in the future will facilitate purchasing and inventory management in a pharmacy.
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- How does inventory management affect a pharmacy’s profit margins and cash flow?
- Discuss the various factors that affect the cost of goods in a pharmacy?
- Describe how you think technology in the future will facilitate purchasing and inventory management in a pharmacy.
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- What makes is difficult for managers in today’s marketplace to achieve the proper balance of inventory? Provide examples to support your argument.Despite the challenges of inventory management, in what ways can inventory turnover provide important insights about an organization’s competitiveness and efficiency?Be specific in your suggestions for reducing inventory and how to implement them.Efficient inventory management is important to a company mainly because of the position of inventory in the working capital cycle. Holding excess inventory can lead to obsolescence and can seriously reduce a company’s financial flexibility. Today, most manufacturing companies apply the ABC analysis as one of its inventory management strategies.2. Explain how ABC analysis applied as an inventory management strategy. please provide detailed answer.
- H&M, a Fashion Giant, Has a Problem: $4.3 Billion in Unsold Clothes. This was reported by the New York Times on March 27, 2018. Here is a short excerpt. I have provided the full story in a Word document attached to this discussion. It is a little dated but again inventory issues continued during the pandemic. Overall, this exemplifies the challenges of maintaining correct inventory levels since there is a lot of money held in excess inventory. “In the world of fashion retailing, where shopping is fast moving online and stores try to keep inventories closely matched to sales, even a small stack of unsold clothes can be a bad sign. What about a $4.3 billion pile of shirts, dresses and accessories? That is the problem facing H&M, the Swedish fashion retailer, which is struggling with a mounting stack of unsold inventory. Signs of its expanding unsold inventory began emerging last year, when it reported an unexpected quarterly drop in sales. The decline was the first in two…H&M, a Fashion Giant, Has a Problem: $4.3 Billion in Unsold Clothes. This was reported by the New York Times on March 27, 2018. Here is a short excerpt. I have provided the full story in a word document attached to this discussion. It is a little dated but again inventory issues continued during the pandemic. Overall, this exemplifies the challenges of maintaining correct inventory levels since there is a lot of money held in excess inventory. “In the world of fashion retailing, where shopping is fast moving online and stores try to keep inventories closely matched to sales, even a small stack of unsold clothes can be a bad sign. What about a $4.3 billion pile of shirts, dresses and accessories? That is the problem facing H&M, the Swedish fashion retailer, which is struggling with a mounting stack of unsold inventory. Signs of its expanding unsold inventory began emerging last year, when it reported an unexpected quarterly drop in sales. The decline was the first in two…Efficient inventory management is important to a company mainly because of the position of inventory in the working capital cycle. Holding excess inventory can lead to obsolescence and can seriously reduce a company’s financial flexibility. Today, most manufacturing companies apply the ABC analysis as one of its inventory management strategies. 1. Elaborate the FIVE (5) types of inventory in a manufacturing company in Malaysia. please provided detailed answer.thank you
- Efficient inventory management is important to a company mainly because of the position of inventory in the working capital cycle. Holding excess inventory can lead to obsolescence and can seriously reduce a company’s financial flexibility. Today, most manufacturing companies apply the ABC analysis as one of its inventory management strategies.1. Examine the challenges inventory managers encounter in implementing ABC analysis. please provide detailed answer.Explain the basic concepts of inventory control. Use the following guide for each part of the essay: Introduction Explains the functions of an inventory and the importance of keeping it under control. Development Answer the following questions: Explain and provide examples of the four types of inventory discussed in this module.Explain what the three main costs of inventory are.Visit a local business or research one online, observe its operations, then describe and explain the following: Identify the different types of inventory. Explain the functions of its inventory. Explain the objectives of inventory management at the company. Describe how those inventory management objectives are measured. State whether you visited the business or whether you did online researc
- What role does inventory management play in an overall business plan and describe the benefits of just in time inventory management.Describe one of the methods for managing cash disbursements or cash receipts and how it impacts profitability.discuss w hat are some inventory management challenges specific to e-commerce businesses?Identify the two basic decisions addressed by inventory management and discuss why the responses to these deci-