a. Compute the inventory turnover ratio (ITR). Note: Round your answer to 1 decimal place. Inventory turnover ratio per year b. Compute the weeks of supply (WS). Note: Do not round intermediate calculations. Round your answer to 1 decimal place.
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- show work not done in excel Firm Y faces the following: Revenue per order = $10,000 750 orders/deliveries per year Net cost as a percent of revenue = 65% 80% of late deliveries redelivered; 20% cancelled Cost of redelivery = $300 Invoice deduction for redeliveries = $250 4. What is the total lost profit or cash flow from an 85% on-time delivery rate? 5. What is the total lost profit or cash flow from a 95% on-time delivery rate? 6. What is the percentage reduction in total lost profit or cash flow from this 10% increase in on-time delivery?Analyze how does USAA business model for capitalizing value from not just products but also service offerings (or servitization)Imagine that you own a bakery! Your bakery sells cookies and brownies only. To run your bakery successfully, you must determine the production cost for each item, as well as, your maximum production cost for each day. Create a business plan for your bakery! Your business plan must include the following: • The cost to produce a cookie • The cost to produce a brownie • Your maximum production costs per day • The system of inequalities that describes these restrictions • A graph of your system including the shaded solution region
- Dabble, Inc. has sales of $980,000 and cost of goods sold of $640,000. The firm had an average inventory of $46,000.What is the length of the days’ sales in inventory? (Use 365 days a year. Round your answer to 2 decimal places.)Michael’s Offi ce Supply (MOS) sells offi ce furniture,equipment, and supplies. Th is week the company has received 50customer orders. Each order has an average of fi ve line items. Th eaverage dollar amount of each order is $1200. MOS was able toship 47 of the 50 orders on schedule.(a) Using the percentage of orders shipped on time, calculatethe customer service level.(b) If Michael’s calculates customer service level by using thepercentage of line items shipped on schedule, how manyline items must be shipped to achieve the same customerservice level calculated in part (a)?(c) If Michael’s calculates customer service level by thepercentage of dollar volume shipped, how many dollarsof product must be shipped to achieve the same customerservice level calculated in part (a)?(d) What factors determine the customer service levelmeasure that MOS should use?a) Explain what a “supply chain” is. b) Explain why practioneers of supply chain management need to understand management accounting.
- What choice below differentiates Supply Chain Management (SCM) from Operations Management (OM). O a. OM has no production functions b. SCM has no procurement functions c. OM has no Quality Control functions d. SCM is for service companies only e. Planning beyond your customer's customer and your supplier's supplierArrow 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, isDara Jones, operations manager of Arrow Distributing Corp., likes to track inventory by using weeks of supply as well as by inventory turnover. Arrow Distributing Corp. Net Revenue $16,680 Cost of sales $13,980 Inventory $1,020 Total assets $8,360 a) What is its weeks of supply? decimal places). weeks (round your response to two b) What percentage of Arrow's assets are committed to inventory? response as a percentage rounded to two decimal places). c) What is Arrow's inventory turnover? decimal places). % (enter your times per year (round your response to two d) 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, is better worse the same
- 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 69Baker Mfg Inc. wishes to compare its inventory turnover to those of industry leaders, who have turnover of about 13 times per year and 8% of their assets invested in inventory Baker Mfg. Inc. a) What is Baker's inventory turnover? Cost of Sales Inventory Inventory Turnover = b) What is Baker's percentage of assets committed to inventory? Inventory Total Assets Net Revenue Cost of sales Inventory Total assets = 16.25 times per year (round your response to two decimal places) Percentage of Assets Committed to Inventory = $27,500 $19,890 $1,224 $17,403 x 100% = 7.03% (enter your response as a percentage rounded to two decimal places). c) How does Baker's performance compare to the industry leaders? You already determined that Baker has a turnover of 16.25 versus 13 for the industry and 7.03% of its assets invested in inventory versus 8% for the industry. Using inventory turnover as a measure of supply chain performance, Baker's performance isThe purchasing department is responsiblefor procuring raw materials and other resources at the best possibleprice. In relation to the above, and with the aid of examples, discuss thefunctions of the purchasing management.