Bizsupply, a manufacturer of office supplies, ended the current year withannual sales (at cost) of $68 million. During the year, the inventory ofaccessories turned over eight times. For the next year, Bizsupply plans toincrease annual sales (at cost) by 25 percent. What inventory turns mustBizsupply achieve if, through better supply chain management, it wants tosupport next year's sales with no increase in the average aggregateinventory value? (Enter your response rounded to the nearest wholenumber.)

Inventory turnover is defined as the rate at which the inventory is out. Inventory turnover ratio is…

Answered: Bizsupply, a manufacturer of office…

MARKETING 2018

19th Edition

ISBN:9780357033753

Author:Pride

Publisher:Pride

Chapter15: Retailing, Direct Marketing, And Wholesaling

Section15.1: L.l.bean: Open 24/7, Click Or Brick

Problem 3VC

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