OPERATIONS MANAGEMENT CUSTOM ACCESS
11th Edition
ISBN: 9780135622438
Author: KRAJEWSKI
Publisher: PEARSON EDUCATION (COLLEGE)
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Question
Chapter 12, Problem 6P
A
Summary Introduction
Interpretation: The total number of inventory in weeks of supply is to be calculated.
Concept Introduction: Average inventory is the average value of specific goods within a particular time period. It may vary from the median. It is calculated by averaging the sum of the number of points within the starting and ending values.
B
Summary Introduction
Interpretation: The total number of inventory turns is to be calculated.
Concept Introduction: The Average inventory is the average value of specific goods within a particular time period. It may vary from the median. It is calculated by averaging the sum of the number of points within the starting and ending values.
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Mattress Wholesalers, Inc. is constantly trying to reduce inventory in its supply chain. Last year, cost of goods sold was $7.46 million and inventory was $1.52 million. This year, costs of
goods sold is $8.64 million and inventory investment is $1.61 million.
a) What was its weeks of supply last year?
Inventory
Inventory
=
Sales per Week Cost of Sales/52 Weeks
Weeks of Supply=
-
b) What is its weeks of supply this year?
Inventory
Inventory
Sales per Week Cost of Sales/52 Weeks
c) Is Mattress Wholesalers making progress in its inventory reduction effort?
Since the number of weeks that cover the supply has
Weeks of Supply =
10.60 (round your response to two decimal places).
=
9.69 (round your response to two decimal places).
F
Mattress Wholesalers is making
in its inventory-reduction effort.
What is a “supply chain,” and how are supply chains related to justin-time inventory procedures?
Explain Supply Chain Inventory Planners?
Chapter 12 Solutions
OPERATIONS MANAGEMENT CUSTOM 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
- 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?arrow_forwardMattress Wholesalers, Inc. is constantly trying to reduce inventory in its supply chain. Last year, cost of goods sold was $7.52 million and inventory was $1.47 million. This year, costs of goods sold is $8.59 million and inventory investment is $1.57 million. a) What was its weeks of supply last year? (round your response to two decimal places).arrow_forwardDifferentiate supply chain management to demand chain management. Explain thoroughly.arrow_forward
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- Mattress Wholesalers, Inc. is constantly trying to reduce inventory in its supply chain. Last year, cost of goods sold was $7.50 million and inventory was $1.50 million. This year, costs of goods sold is $8.60 million and inventory investment is $1.60 million. a) What was its weeks of supply last year? weeks (round your response to two decimal places). weeks (round your response to two decimal places). b) What is its weeks of supply this year? c) Is Mattress Wholesalers making progress in its inventory reduction effort? Since the number of weeks that cover the supply has Mattress Wholesalers is making no progress in its inventory-reduction effort. negative progress progressarrow_forwardMattress Wholesalers, Inc. is constantly trying to reduce inventory in its supply chain. Last year, cost of goods sold was $7.53 million and inventory was $1.49 million. This year, costs of goods sold is $8.61 million and inventory investment is $1.58 million. a) What was its weeks of supply last year? weeks (round your response to two decimal places). b) What is its weeks of supply this year? weeks (round your response to two decimal places). c) Is Mattress Wholesalers making progress in its inventory reduction effort? Since the number of weeks that cover the supply has V, Mattress Wholesalers is making V in its inventory-reduction effort.arrow_forwardUse information in the case study and critically examine the process of receiving materials at the warehouse in a Retail. Enterprise in the Far South of Santa Catarina. Include relevant examples to support your answer.arrow_forward
- A wholesaler estimates that 5.6 times a year a dispensing centre flips its stock. What are the months of supply?arrow_forwardDiscuss this one way retailers uses Business Analytics in operations: “Analyzing sales transaction and traffic data to understand demand, build forecast to meet demand and improve in-stock position while reducing overstock or out-of-stock situations.”arrow_forwardikea Warehouse management plays a strategic role in the overall supply chain process. Effective warehousing strategies can assist the firms in increasing supply chain surplus. On the basis of online data availability, organization and analyze its warehousing strategies. 10 marks Length of the answer: Between 200 and 220 words Originality: 3 References: 1 Analysis of warehousing strategies used by the selected organization: 6arrow_forward
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