Operations Management: Processes and Supply Chains (11th Edition)
11th Edition
ISBN: 9780133872132
Author: Lee J. Krajewski, Manoj K. Malhotra, Larry P. Ritzman
Publisher: PEARSON
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Question
Chapter 12, Problem 3P
A
Summary Introduction
Interpretation: Total inventory in weeks of supply is to be calculated.
Concept Introduction: Average inventory is the average value of specific goods within a particular time period. It may vary from the median. It is calculated by averaging the sum of the number of points within the starting and ending values.
B
Summary Introduction
Interpretation: Total inventory should be calculated in inventory turns.
Concept Introduction: Average inventory is the average value of specific goods within a particular time period. It may vary from the median. It is calculated by averaging the sum of the number of points within the starting and ending values.
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Students have asked these similar questions
Dara 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 assist me with Question 11. Please display the step process. Thank you
Please show solutions. Thank you!
Chapter 12 Solutions
Operations Management: Processes and Supply Chains (11th Edition)
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