Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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How does buying play a role in the management of a firm's inventory investment, both directly and indirectly?
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- Have you thought about a career in purchasing? All firms that carry inventory have purchasing departments that work with people inside their own company and suppliers to keep the right products on the shelves. See what you can find out about this career on the Web. You may wish to search for the American Purchasing Societyarrow_forwardCustomer purchases using credit cards are a significant source of revenue for many retailers. From the standpoint of a retailer, briefly discuss some advantages and disadvantages of a retail store having its own credit card as opposed to accepting one of the national credit cards (e.g., Visa, MasterCard).arrow_forwardWhat do you call the average total value of all items held in inventory for a firm, at cost?arrow_forward
- You are given the following information regarding sales and inventory levels over time for your firm: Year Sales Inventory 2015 $22,375 $7,200 2016 $22,929 $7,400 2017 $24,164 $7,600 2018 $24,642 $7,800 2019 $26,050 $8,000 2020 $27,083 $8,200 2021 $27,585 $8,400 2022 $28,775 $8,600 2023 $29,714 $8,800 Given this information, determine the level of safety stocks that the firm held for the five years starting in 2018 and ending in 2022.arrow_forwardDoes high frequency trading increase market quality? Provide theoratical literature, empirical evidence, examples and relevant theories etc.arrow_forwardWhen you make a purchase through Amazon, who bears the risk of loss? Why?arrow_forward
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