The grocery industry has an annual inventoryturnover of about 14 times. Organic Grocers, Inc. had a costof goods sold last year of $10.5 million; its average inventory was $1.0 million. What was Organic Grocers’ inventoryturnover, and how does that performance compare with thatof the industry?
The grocery industry has an annual inventoryturnover of about 14 times. Organic Grocers, Inc. had a costof goods sold last year of $10.5 million; its average inventory was $1.0 million. What was Organic Grocers’ inventoryturnover, and how does that performance compare with thatof the industry?
Purchasing and Supply Chain Management
6th Edition
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Chapter16: Lean Supply Chain Management
Section: Chapter Questions
Problem 10DQ: The chapter presented various approaches for the control of inventory investment. Discuss three...
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The grocery industry has an annual inventory
turnover of about 14 times. Organic Grocers, Inc. had a cost
of goods sold last year of $10.5 million; its average inventory was $1.0 million. What was Organic Grocers’ inventory
turnover, and how does that performance compare with that
of the industry?
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