Use the Scenario below to answer Question 3:CoolClothes Manufacturers is a large clothing manufacturing company based in Johannesburg,CoolClothes not only manufactures their own clothing line, they also distribute it to the variousfashion outlets throughout the country. As the Head of Operations for CoolClothes, you havenoticed a steady decline In demand over the last six months across all fashion outlets. Uponinvestigation, it has become apparent that the decline is as a result of customer dissatisfaction inthe quality of the clothing found in stores. You are unsure of whether it is worth manufacturingat the same quantity or not given the decline in demand. Q.3.1 What are the benefits that CoolClothes Manufacturers can enjoy when achievinghigh turnover rates?Q.3.2 What are the major cost categories that CoolClothes Manufacturers canimplement when identifying and assessing Cost of Quality (COQ)?Q.3.3 Explain the two possible dangers that CoolClothes Manufacturers can experiencewhen having a high inventory tumover rate.Q.3.4 How can CoolCothes make use of Lean design to improve their customersatisfaction?

The slowdown in the demand for cloth in the fashion industry happened because of customer…

Q.3.1 What are the benefits that CoolClothes Manufacturers can enjoy when achieving high turnover rates? Q.3.2 What are the major cost categories that CoolClothes Manufacturers can implement when identifying and assessing Cost of Quality (COQ)? Q.3.3 Explain the two possible dangers that CoolClothes Manufacturers can experience when having a high inventory tumover rate.

Q.3.1 What are the benefits that CoolClothes Manufacturers can enjoy when achieving high turnover rates? Q.3.2 What are the major cost categories that CoolClothes Manufacturers can implement when identifying and assessing Cost of Quality (COQ)? Q.3.3 Explain the two possible dangers that CoolClothes Manufacturers can experience when having a high inventory tumover rate.

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question

Q.3.1 What are the benefits that CoolClothes Manufacturers can enjoy when achieving
high turnover rates?
Q.3.2 What are the major cost categories that CoolClothes Manufacturers can
implement when identifying and assessing Cost of Quality (COQ)?
Q.3.3 Explain the two possible dangers that CoolClothes Manufacturers can experience
when having a high inventory tumover rate.
Q.3.4 How can CoolCothes make use of Lean design to improve their customer
satisfaction?

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