Grand Styles Furniture Store is overstocked in (has excess inventory of) one type of chair, Based on the Price-Demand Relationship, what advice would you provide to the store manager to deal with this problem? Please use no more than 2 bullet points for your answer.
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- Grand Styles Furniture Store is overstocked in (has excess inventory of) one type of chair. Based on the Price-Demand Relationship, what advice would you provide to the store manager to deal with this problem? Please use no more than 2 bullet pointsList some products in your personal or family “inventory.” How do you manage them?Hi please help me please, Read the screenshot and answer the following questions: 1. Dawn understands her customers very well. She knows that they want two things: (1) speed in getting the sandwich, no matter what type and (2) the sandwich must taste fresh. As Dawn works out how to improve her inventory management process, how can she utilize the ABC inventory classification system as part of the remedy for this situation? • Think outside the box. Consider which type of inventory she really needs to classify using the ABC classification system. 2. As we examine this case, we know that the basic issue is low inventory turnover. Consequently, the bins are overstocked during specific times and items must be discarded because they exceed the freshness quality time limit. As she considers this point, Dawn is debating if she needs to use the EOQ model or the EMQ model. Provide a recommendation to Dawn on which model would be the most effective for her situation. Explain why your choice is…
- .How are service level and inventory level dependent on each other? How would factors like lead time and lot size impact different types of inventory?Arrow Distributing Corp. likes to track inventory by using weeks of supply as well as by inventory turnover. Arrow Distributing Corp. Net Revenue $15,630 Cost of sales $12,190 Inventory $1,090 Total assets $8,770 a) What is its weeks of supply? weeks (round your response to two decimal places). b) What is Arrow's inventory turnover? times per year (round your response to two decimal places). c) Suppose a manufacturer has an inventory turnover of 13.5 times per year. Arrow's supply chain performance relative to the manufacturer's, as measured by inventory turnover, is33- Which one of the following is a reason for a stock out situation for a retailer? a. Consumer demand remains unchanged b. Price of the product increases c. More lead time taken by the supplier d. There is buffer stock with the retailer
- Ana Kinsley is thinking of putting up a clothing brand in the fast fashion industry called The Chosen Onesies. As a close business adviser of Ana Kinsley, which inventory system would best fit her business? (A) FIFO (B) LIFO זוJ D) FILOMattress 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.can you please help me answer this question.... Rebar Company prepared the following analysis of its year-end inventory on December 31. First, determine the total lower of cost or market value for each product in Rebar Company's inventory. Second, prepare the journal entry needed at year-end to value the inventory at LCM, if applicable. Historical Cost Replacement Cost Product Quantity per unit per unit A 17 $430 $499 B 140 325 299 C 38 75 69
- Use ABC analysis to identify the goods that need the most focus and inventory management.GIVE THE RECOMMENDATION AND CONCLUSION Office Depot has almost 1,000 office superstores and giant catalog of office supplies that it offers via mail order. Yet office Depot also enables its customers to shop on the internet. Its Web site offer virtually all the products Office Depot carries in its stores and catalogs and guarantees next-day delivery to most locations with no delivery charge on orders over 5K. online order tracking is available, and customized ordering, which takes into account the historical patterns of individual customers product purchases, is also a feature of Office Depot internet-based channel.What is a “supply chain,” and how are supply chains related to justin-time inventory procedures?