Operations Management
17th Edition
ISBN: 9781259142208
Author: CACHON, Gérard, Terwiesch, Christian
Publisher: Mcgraw-hill Education,
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Chapter 10, Problem 5PA
Summary Introduction
To determine: The annual inventory turns.
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Knowing how to use the ABC analysis, make up a list of 10 items in a stores inventory, then decide which 10 items sold at the store would constitute 80% of the revenue and create a Word document using the ABC analysis.
ABC classification divides on-hand inventory into three classes, generally based upon
a. item quantity.
b. unit price.
c. the number of units on hand.
d. annual demand.
e. annual dollar value.
Inquiries of warehouse personnel concerning possibly obsolete or slowmoving inventory items provide assurance about management’s assertion ofa. Completeness.b. Existence.c. Presentation.d. Valuation
Chapter 10 Solutions
Operations Management
Ch. 10 - It is costly to hold inventory, but inventory can...Ch. 10 - A delivery truck from a food wholesaler has just...Ch. 10 - Prob. 3CQCh. 10 - Prob. 4CQCh. 10 - Prob. 5CQCh. 10 - Prob. 6CQCh. 10 - Prob. 7CQCh. 10 - Prob. 8CQCh. 10 - Prob. 9CQCh. 10 - Prob. 10CQ
Ch. 10 - Prob. 11CQCh. 10 - Prob. 1PACh. 10 - Prob. 2PACh. 10 - Prob. 3PACh. 10 - An electronics manufacturer has 25 days-of-supply...Ch. 10 - Prob. 5PACh. 10 - Prob. 6PACh. 10 - Prob. 7PACh. 10 - Prob. 8PACh. 10 - An online shoe retailers annual cost of holding...Ch. 10 - Prob. 10PACh. 10 - Prob. 11PACh. 10 - Prob. 12PACh. 10 - Prob. 13PACh. 10 - Prob. 14PACh. 10 - Prob. 15PACh. 10 - Prob. 16PACh. 10 - A retailer has annual sales of 500,000 and an...Ch. 10 - Prob. 18PACh. 10 - Prob. 19PACh. 10 - Prob. 1CCh. 10 - Prob. 3CCh. 10 - Prob. 4C
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- . The company believes that a proper inventory control system (techniques) helps the enterprise in solving the problems of liquidity, eliminating excessive stocks, and achieving increased profits, with substantial reduction in working capital. Critically evaluate the possible different inventory control systems adopted in the company in the light of above information.arrow_forwardThe Average Lead Time is 10 days and the Average Daily Usage of widgets is 20. The company has determined that Safety Stock should be 100 units. Show Computations and Explanations. A. What is the Reorder Point? (Format: 111)arrow_forwardThe periodic inventory system O A. works well for businesses in which the inventory is large in size or dollar amount O B. involves the use of inventory costing methods O C. is more difficult to maintain than a perpetual inventory system O D. cannot be used with a specific identification costing methodarrow_forward
- An electronic system that records actual sales at time of sale O a. Point of sale (POS) system O b. ABC O c. Periodic inventory system O d. None of these O e. Perpetual inventory systemarrow_forwardWhat is Inventory Management? What are its Objectives?arrow_forwardDescribe and illustrate the inventory turnover and the days' sales in inventory in analyzing the efficiency and effectiveness of inventory management. do not give me plagiarised answerarrow_forward
- estion is NOT generally a determinant of the reorder point O a. Lead time variability yet wered O b. Rate of demand ked out of O c. Purchase cost O d. Length of lead time Flag stion PREVIOUS PAGEarrow_forwardKroger's orders Louisiana Specialty Foods famous meat pies at a rate of 350 cases a month. The order cost, which includes transportation is $37.50. Annual holding costs are $5.75 per case. The internal expense per/pie is $2.59. Assume 250 days per year. Lead time is 3 days. a. Determine the EOQ [Select] b. What is the average inventory? [Select] c. Determine the number of orders per year [Select ] d. Determine total inventory-related costs per year [Select] > e. What is the total cost, including the cost of the pies? [Select] What if Kroger's decid to reduce the ordering of the pies to 190 cases very time they placed an order, wh ordering costs? [Select] impact would if onarrow_forwardWith no discount, the total annual inventory cost is lowest when O a. Annual holding cost is higher than annual ordering cost O b. Annual ordering cost is higher than annual holding cost O c. None of these O d. Annual shortage cost is higher than annual ordering cost O e. Annual holding cost is equal to annual ordering costarrow_forward
- ._______ Its focus is minimizing holding costs and potential stock-out costsarrow_forward21- Which one of the following represent FIFO method of inventory evaluation? a. Old items remain in inventory b. Old merchandise is sold first c. New merchandise is sold first d. Average number of goods are soldarrow_forward1. In a manufacturing company:Beginning Inventory + Purchases = Cost of Goods Available for Sale a) True b) False 2. Manufacturers have three unique inventory categories: Raw Materials, Work in Process, and Finished Goods. But retailers have only an Inventory account. a) True b) False 3. Period costs are any costs that are not product costs like Commission Expense, Office rent Expense, Advertisement Expense, Office Salary Expense. a) True b) Falsearrow_forward
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Inventory Management | Concepts, Examples and Solved Problems; Author: Dr. Bharatendra Rai;https://www.youtube.com/watch?v=2n9NLZTIlz8;License: Standard YouTube License, CC-BY