OM6 ONLINE-LMS INTEGRATED ACCESS
6th Edition
ISBN: 9781337118323
Author: Collier
Publisher: CENGAGE L
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Chapter 12, Problem 5PA
Summary Introduction
Interpretation: Cash to Cash conversion cycle needs to be calculated based on given information.
Concept Introduction: Cash to Cash conversion cycle is an important financial metric which is used to measure the cash flow cycles.
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Can you assist me with Question 11. Please display the step process. Thank you
A . Inc. is continuously seeking to reduce its supply chain inventory. The costs of products produced last year amounted to 7,48 million dollars and the inventory to 1,46 million dollars. This year, merchandise sold cost 8.57 million dollars and inventory spending 1,62 million dollars.
a) What were the delivery weeks last year?
Green Gardens' owner has asked your advice about a possible problem at his business. Over the last 6 months the large-sized lawn and garden inventory (ie, tables, chairs, planters, etc.) has appeared to be short. The inventory records that employees use to determine what is on hand show that more inventory is available than can actually be located. This has cause frustration and mis-trust in the inventory records for the sales employees. The owner realizes that the problem is bigger than just frustrated employees. He is afraid that inventory is being stolen, a problem he didn't think possible given that these are large items that are not easily moved.
Requirements:
Provide the owner with two internal controls that he could implement to reduce the likelihood of theft of the lawn and garden inventory.
Chapter 12 Solutions
OM6 ONLINE-LMS INTEGRATED ACCESS
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Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.Similar questions
- Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?arrow_forwardConsider the supply chain illustrated below: Last year, the retailer’s weekly variance of demand was 200 units. The variance of orders was 500, 600, 750, and 1,350 units for the retailer, wholesaler, distributor, and manufacturer, respectively. (Note that the variance of orders equals the variance of demand for that firm’s supplier.) a) Calculate the bullwhip measure for the retailer. b) Calculate the bullwhip measure for the wholesaler. c) Calculate the bullwhip measure for the distributor. d) Calculate the bullwhip measure for the manufacturer. e) Which firm appears to be contributing the most to the bullwhip effect in this supply chain?arrow_forwardRelation service and finance with the organizational efficiency Evaluation between supply chain processes and strategy (value added) = organizational efficiencyarrow_forward
- Describe how lead times and forecast errors affect supply chain performance ?arrow_forwardCompare the capabilities required to achieve supply chain excellence according to: Decision focus Data aggregation level Time to implement The number of users involved in the analysisarrow_forwardDiscuss the use of event-driven architectures in improving inventory management and supply chain operations.arrow_forward
- a) In the process of supply chain management in what way information systems be used to support the order fulfillment process. What are the most important pieces of information these systems should capture? Explain your answer. b) Compare and contrast competitive advantage with sustainable competitive advantage. What does sustainability mean to the firm for future strategic planning? Justify your answer with real time examples?arrow_forward1) Explain how Zara uses e-Supply chain management to obtain a competitive advantagearrow_forwardCycle time Indicators in the Warehouse can be seen to improve the efficiency of the Warehouse Operation. Reconsideration of improving the cycle time can dramatically improve the supply chain strategy. Explain the apparel business and the two factors which are involved.arrow_forward
- A supply chain strategy involves decisions on all of the following except: ( )Inventory; ( )Transport ( ) Development of new products ( )Operating facilities ( ) Information flowsarrow_forwardFarmBox is a company who grow and distribute fresh food produce directly to customers via an online ordering platform, based in Cheshire, UK. The company started in 2019 and began as a family run business that was staffed by 4 family members plus two farmhands, with the use of one delivery van.As the Covid pandemic struck in 2020 the business experienced unexpected rapid growth with orders tripling almost overnight, whilst the firm has the product to meet the demand of customers, investment wasneeded in equipment and more importantly, the number of staff needed to increase immediately if productivity was to remain effective.To address this the owner placed an online advert for farmhands requiring CV’s to be emailed to the business. Candidates that FarmBox were interested in took part in a 20 minute online video interview that aimed to determine their skills and suitability and then successful candidates began work once they were able to evidence that they were free of the Covid virus.…arrow_forwardHau Lee Furniture, Inc spends 55% of its sales dollars in the supply chain and finds its current profit of $15,000 inadequate. The bank is insisting on an improved profit picture prior to approval of a loan for some new equipment Hau would ike to improve the profit line to $20,000 so he can obtain the bank's approval for the loan Current Situation Sales $100,000 $55,000 (55%) $15,000 (15%) Cost of material Production costs Fixed cost $15,000 (15%) Profit $15,000 (15%) a) What percentage improvement is needed in the supply chain strategy for profit to improve to $20,0007 What is the cost of material with a $20,000 profit? A decrease of% in matenial (supply-chain) costs is required to yield a profit of $20,000, for a new material cost of S (Enter your response for the percentage decrease to one decimal place and enter your resporise for the new matenal cost as a whole number.)arrow_forward
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