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 better than the one you did not select. 3. Considering Sharp’s Sandwich Shop’s inventory issue, justify to Dawn what type of inventory review system she should establish. Go one step further, explain how this supports your previous answers to the above 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 better than the one you did not select. 3. Considering Sharp’s Sandwich Shop’s inventory issue, justify to Dawn what type of inventory review system she should establish. Go one step further, explain how this supports your previous answers to the above questions.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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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 better than the one you did not select.
3. Considering Sharp’s Sandwich Shop’s inventory issue, justify to Dawn what type of inventory review system she should establish. Go one step further, explain how this supports your previous answers to the above questions.
Expert Solution
Step 1
Dawn noticed that some inventory goods in their sandwich store are being consumed faster than normal. Dawn believes that increasingly upscale sandwiches are getting to the end of their freshness quality time limit. She acknowledges that while concentrating on quality, she had disregarded fundamental inventory needs. Dawn is certain that she can't sacrifice quality, but her inventory management might need some work.
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