Analyse any two (2) inventory costs suffered by the Far South of Santa Catarina in the aforementioned case study and provide suggestions for lowering these costs.
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Q: Analyse any two (2) inventory costs suffered by the Far South of Santa Catarina in the…
A: Inventories are a crucial component of any business as they represent a significant investment.…
Q: analyse any two inventory costs sufered by the far south of santa catarina and provide suggestion…
A: The expenditures incurred by a company to store and manage its inventory of goods and products are…
Analyse any two (2) inventory costs suffered by the Far South of Santa Catarina in the aforementioned case
study and provide suggestions for lowering these costs.
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- Please Give a detail introduction of Akij Ceramics Limited and A hypothetical profile of Akij Ceramics LimitedThe following table shows financial data (year 2009) for two US retailers: Save-A-Lot Retailers and Wally’s Mart. Assume that both companies have an average annual holding cost rate of 20% (i.e. it costs both retailers $2 to hold an item for one entire year that they procured for $10). *Refer to attached image* How much lower, on average, is the inventory cost for Save-A-Lot compared to Wally’s Mart of a household cleaner valued at $50 COGS? Give your answer in terms of dollars. Assume that the unit cost of the household cleaner is the same for both companies and that the price and the inventory turns of an item are independent.Arrow Distributing Corp. (see Table 11.9) likes to trackinventory by using weeks of supply as well as by inventory turnover.a) What is its weeks of supply?b) What percentage of Arrow's assets are conmitted to inventory?c) What is Arrow's inventory turnover?d) Is Arrow's supply chain performance, as measured by theseinventory metrics, better than that of Baker in Problem?
- good day please help me with this question you are required to critique the strategic importance of procurement and inventory based on its purpose in the supply chain (safety/buffer stock and seasonal stock) in relation to Nestle.Consider the following questions to prepare for our discussion of Costco's strategy for competing in the warehouse clubs industry. Develop a 5-Forces analysis of the Warehouse Clubs industry. What are the strongest forces impacting firms in this industry? Which generic strategy type does Costco pursue?Explain what advantages you will have for your trading business once you have opted to purchase goods from a distributor instead of a manufacturer. Explain 5 advantages.
- Shoprite Holdings – Our Supply Chain We continue to invest in innovative information and technology systems and infrastructure to ensure our supply chain remains world-class and efficient. Through integrated planning, procurement, logistics and sales, we optimise our business efficiency at scale, to the extent that our supply chain – which controls our local, import and export activities – is fully amalgamated with our enterprise resource planning (ERP) system. Our streamlined supply chain generates cost savings for our business, our suppliers and our customers and it lowers our environmental footprint by reducing carbon emissions, as well as packaging and food waste. The Role of Social Factors:Changes in social values and trends impact the goods retailers sell and how retailers relate to consumers. The retail industry is often under pressure to develop and implement socially responsible business practices, such as selling environmentally-friendly products, placing warnings or…Shoprite Holdings – Our Supply Chain We continue to invest in innovative information and technology systems and infrastructure to ensure our supply chain remains world-class and efficient. Through integrated planning, procurement, logistics and sales, we optimise our business efficiency at scale, to the extent that our supply chain – which controls our local, import and export activities – is fully amalgamated with our enterprise resource planning (ERP) system. Our streamlined supply chain generates cost savings for our business, our suppliers and our customers and it lowers our environmental footprint by reducing carbon emissions, as well as packaging and food waste. The Role of Social Factors:Changes in social values and trends impact the goods retailers sell and how retailers relate to consumers. The retail industry is often under pressure to develop and implement socially responsible business practices, such as selling environmentally-friendly products, placing warnings or…Key account management is a strategy used by suppliers to target and serve high-potential customers with complex needs by providing them with special treatment in the areas of marketing, administration and service. As a Sales Manager, you have been tasked by management to consider setting up key accounts. Explain five (5) circumstances under which you feel a company is more likely to move towards setting up key accounts. In addition, briefly discuss five (5) criteria to consider in selecting key accounts for your company.
- Evaluate the main challenges faced by a retail enterprise in the Far South of Santa Catarina. (Using the attached)In the current competitive retail business, traditional brick-mortar business model has slowly lost out to e-commerce. When trading is done online, it's important to understand customer buying patterns. In return, the ability to predict this pattern into potential marketing solutions to increase sales and profit. Business owners need to know their customers and understand their needs and behaviors. In current business settings, customers purchasing patterns are recorded within big data. Big data when adequately used serve good and formidable business competitive advantage. To do this, retailers use a technique called market basket analysis. Market basket analysis consists of analyzing large data sets that include purchase history, revealing product groupings, and products that are likely to be purchased together. The simulated case (see table 1) below illustrates a retail purchasing pattern for garments collected over 19 cluster retails. The recorded purchasing combination serves to…I don't understand this one. Please answer this and provide the solution. Thank you.