How does buying play a role in the management of a firm's inventory investment, both directly and indirectly?

Q: What is the main objective of purchasing?

A: The most important function of material management is purchasing. Materials account for a sizable…

Q: You are given the following information regarding sales and inventory levels over time for your…

A: The stock that is kept in order to mitigate the risk of stock out or out of stock is known as safety…

Q: How does inventory management correlate with managing risk?

A: Inventory management is the name used to explain the process of managing – anti assets and other…

Q: Why is it desirable for a business to boost its inventory turnover ratio ?

A: Inventories are used regularly over a given period, as indicated by the turnover ratio. The average…

Q: what are the inventory control systems of procter and gamble?

A: Procter and gamble is an American MNC that produces consumer goods. They offer a huge range of goods…

Q: purchasing is believe to fulfil three major functions: Buy at a low price, ensure timely delivery…

A: Buying offices are at the focal point of successful supply chain the executives.  Commonly, they…

Q: What are procter and gamble inventory management systems?

A: Procter & Gamble is a consumer goods company based in the United States. They sell a wide…

Q: how an effective purchasing department can affect the organizational performance of a large…

A: The performance of an organization is dependent upon the actual output of an organization. The…

Q: Would a small company that has only been in business one year be more inclined to use a public or a…

A: Private and public warehouses both play an important role in the storage of goods. Public warehouses…

Q: Why is inventory management important to the efficiency of the purchasingfunction?

A: Inventory management is the process of ordering, storing and using inventory of the company such raw…

Q: What is Amazon Elastic Block Store(EBS)?

A: Amazon Elastic Block Store (EBS) is a convenient, optimized block storage service which is designed…

Q: A firm with sales of $510,000 has average inventory of $380,000. The industry average for inventory…

A: Sales = $510,000Average inventory = $380,000Inventory turnover = 3 times a year

Q: what are the advantages of a centralized purchasing organizational structure in a company?

A: A centralized purchasing organizational structure refers to an organizational command where the top…

Q: Considering what you purchased and how/where you purchased, how the firm could provide even greater…

A: Please find the answer below.   FIRM: A "firm" is a for-profit business entity that offers…

Q: How do organizations manage excess and obsolete inventory effectively?

A: Inventory management is an essential part of supply chain management. It involves keeping track of…

Q: How are purchases participating in the management of the inventory expenditure of a company directly…

A: In supply management, the management of materials, raw materials, and facilities is referred to as…

Q: You are given the following information regarding sales and inventory levels over time for your…

A: Inventory management includes all those activities that help the inventory manager in maintaining…

Q: What do you call the average total value of all items held in inventory for a firm, at cost?

A: The average of total value of all items in the inventory helps the manager to know the value of…

Q: You are given the following information regarding sales and inventory levels over time for your…

A: Let me state the given data,…

Q: Why is inventory management a critical operation in business? Can you name at least one major…

A: Inventory management alludes to the interaction by which track the measure of item has on the…

Q: Identify the advantages , disadvantages and cost of holding inventory?

A: Holding costs are those related with storing inventory that stays unsold. These costs are one…

Q: What are some of the ways that inventory turnover will reveal valuable information about a company's…

A: Inventory turnover is important since an organization's stock always holds a large amount of cash.…

Q: What are the company's primary inventory products, and how quickly do they pass through the process?

A: Inventory is a collection of items or supplies used by a business to produce goods and sell them in…

Q: The Internet and other information systems have had a significant impact on Michael Porter's five…

A: The internet and information systems are closely related and have become an integral part of modern…

Q: What are the benefits of using a cloud-based solution for inventory management? How does this align…

A: The use of cloud based solutions has increase in popularity in current years and offers a number of…

Q: Using any business of choice, examine the stages of its purchasing cycle.This should be…

A: The purchasing cycle is a helpful step-by-step process to effectively purchasing. This will help an…

Q: A Marketing Management Information System (MIS) is a permanent arrangement (system or setup) for…

A: Marketing management is that the structure discipline that focuses on the sensible application of…

Q: ABX manufactures large freezers for grocery stores. ABX is presently trying to plan its production…

A: 123456Unit production cost$225$250$230$275$290$260Units demanded1,2003,0005,0005,5003,5003,600Max.…