a. What is the average inventory turnover for the firm? (Round your answer to 3 decimal places.)Average inventory tumoverb. If you were given the assignment to increase inventory turnover, what would you focus on?Reduce the amount of inventory or reduce sales or bothIncrease the amount of inventory or increase sales or bothReduce the amount of inventory or increase sales or bothc. The company reported that it used $500M worth of raw material during the year. On average, how many weeks of supply of rawmaterlal are on hand at the factory? (Round your answer to 2 decimal places.)Weeks of raw material supply The U.S. Airfilter company has hired you as a supply chain consultant. The company makes air filters for residential heating and air-conditioning systems. These filters are made in a single plant located in Louisville, Kentucky, in the United States. They are distributedto retailers through wholesale centers in 100 locations in the United States, Canada, and Europe. You have collected the following datarelating to the value of inventory in the U.S. Airfiter supply chain:QUARTER 1(JANUARYTHROUGHQUARTER 2(APRIL THROUGHJUNE)QUARTER 3(JULYTHROUGHQUARTER 4(остовеRTHROUGHMARCH)All amounts in millions of U.s. dollaraSEPTEMBER)DECEMBER)Sales (total quarter):United states354358530378Canada981481234415321Europe6540Cost of goods sold (total quarter)362383493393Raw materials at the Louiaville plant(end-of-quarter)674584Work-in-process and finished goods atthe Louisville plant (end-of-quarter)183199127239Distribution center inventory(end-of-quarter)United states46284659Canada17162416Europe

Inventory turnover is a monetary proportion showing how often an organization has sold and…

Answered: The U.S. Airfiter company has hired you…

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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Similar questions

The deployment of a supply chain strategy should be linked to the needs of the external environment and both internal and external customers’ expectations. Discuss in detail, the main supply chain strategies and the circumstances in which they are applied.
Provide an example supply chain issue or problem that is addressed by each of the key stages in the supply chain maturity model (i.e., descriptive; predictive; prescriptive; and cognitive)
What is a direct supply chain? Work with your partner to provide an example of an organization that would use a direct supply chain.
Mattress Wholesalers, Inc. is constantly trying to reduce inventory in its supply chain. Last year, cost of goods sold was $7.53 million and inventory was $1.49 million. This year, costs of goods sold is $8.61 million and inventory investment is $1.58 million. a) What was its weeks of supply last year? weeks (round your response to two decimal places). b) What is its weeks of supply this year? weeks (round your response to two decimal places). c) Is Mattress Wholesalers making progress in its inventory reduction effort? Since the number of weeks that cover the supply has V, Mattress Wholesalers is making V in its inventory-reduction effort.
Supply chain management is a critical function within organizations that involves the coordination of activities related to the sourcing, procurement, production, and distnbution of goods and services. Effective supply chain management aims to optimize the flow of materials, information, and finances across the entire supply chain network, from suppliers to end customers. Key components of supply chain management include strategic sourcing, which involves selecting the right suppliers based on factors such as quality, cost, and reliability, inventory management, which seeks to minimize carrying costs while ensuring product availability, and logistics management, which focuses on the efficient transportation and storage of goods. Additionally, supply chain managers must collaborate closely with internal departments as well as external partners to mitigate risks, manage disruptions, and continuously improve the performance of the supply chain. By adopting technologies such as data…
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Develop an integration plan which will improve the internal supply chain operations for Pepsi Co Jamaica
Discuss the common challenges in an effective and efficient supply chain strategy and management.
Based on Supply Chain Performance Measurement Application Criteria, what is Fedex's Scope and Maintenance of Supply Chain Performance Measurement.
Problem 16-17 (Algo)The U.S. Airfilter company has hired you as a supply chain consultant. The company makes air filters for residential heating and air-conditioning systems. These filters are made in a single plant located in Louisville, Kentucky, in the United States. They are distributed to retailers through wholesale centers in 100 locations in the United States, Canada, and Europe. You have collected the following data relating to the value of inventory in the U.S. Airfilter supply chain: QUARTER 1(JANUARYTHROUGHMARCH) QUARTER 2(APRIL THROUGHJUNE) QUARTER 3(JULYTHROUGHSEPTEMBER) QUARTER 4(OCTOBERTHROUGHDECEMBER) All amounts in millions of U.S. dollarsSales (total quarter): United states 414 402 520 514Canada 135 96 126 117Europe 41 34 42 25 Cost of goods sold (total quarter) 384 347 453 434 Raw materials at the Louisville plant (end-of-quarter) 73 62…

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