The grocery industry has an annual inventory turnover of about 13 times. Organic Grocers, Inc., had a cost of goodssold last year of $10,960,000; its average inventory was $991,710. What was Organic Grocers' inventory turnover, andhow does that performance compare with that of the industry?a) What was Organic Grocers' inventory turnover? times per year (round your response to two decimal places).b) How does Organic Grocers' performance compare with that of the industry? It isthe industry.the same asbetter thanworse than

Given : Cost of goods sold (COGS) = 10960000 Average inventory (I) = 991710 Inventory turnover of…

Answered: how does that performance compare with…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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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?
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?
When compared with last year, a company's inventory turnover increased. What positive situation might this reflect?
A contractor of fast food giant failed to deliver the expected output of an inventory systems upgrade. This resulted to more than 70 branches closing due to inventory problems. It compromised the sales for the month. What do you think were the potential opportunities opened up to other players in the fastfood industry?
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): $
1.Which of the following pertains to an efficient supply chain? A)It deals with innovative products B)The product life cycle will be short C)It is worthwhile to invest in good forecasting systems D)All of the above PS: OPTION D INCORRECT 2.Which of the following will have lesser bullwhip effect in a supply chain? A)Supply Chain co-ordination B)Opening more stocking points closer to the point of consumption C)Empowering the lower echelons of the inventory to take decisions on fulfilling the demand D)All of the above PS: OPTION B INCORRECT
A contractor of fast food giant failed to deliver the expected output of an inventory system upgrade. This resulted in more than 70 branches closing due to inventory problems. It compromised the sales for the month. What do you think were the potential opportunities opened up to other players in the fast food industry?
Baker Mfg. Inc. (see Table 11.9) wishes to compare itsinventory turnover to those of industry leaders, who have turnover ofabout 13 times per year and 8% of their assets invested in inventory.a) What is Baker's inventory turnover?b) What is Baker's percentage of assets committed to inventory?c) How does Baker's perfom1ance compare to the industry leaders?
A contractor of fast food giant failed to deliver the expected output of an inventory system upgrade. This resulted in more than 70 branches closing due to inventory problems. It comprised the sales for the month. What do you think were the potential opportunities opened up to other players in the fast food industry?
What other techniques might Regal use to improve supply chain management?
Explain why are lead times so long in operations ?
What sort of demand management techniques would an exclusive restaurant use when demand exceeds its capacity? What about McDonald’s? Do you think customer service has improved over the years for McDonald’s?

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how does that performance compare with that of the industry? a) What was Organic Grocers' inventory turnover? times per year (round your response to two decimal places). b) How does Organic Grocers' performance compare with that of the industry? It is the industry. the same as better than