Operations Management: Processes and Supply Chains, Student Value Edition Plus MyLab Operations Management with Pearson eText -- Access Card Package (12th Edition)
Operations Management: Processes and Supply Chains, Student Value Edition Plus MyLab Operations Management with Pearson eText -- Access Card Package (12th Edition)
12th Edition
ISBN: 9780134855424
Author: Lee J. Krajewski, Manoj K. Malhotra, Larry P. Ritzman
Publisher: PEARSON
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Chapter 12, Problem 6P

A

Summary Introduction

Interpretation: The total number of 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: The total number of inventory turns is to be calculated.

Concept Introduction: The 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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Mattress Wholesalers, Inc. is constantly trying to reduce inventory in its supply chain. Last year, cost of goods sold was $7.46 million and inventory was $1.52 million. This year, costs of goods sold is $8.64 million and inventory investment is $1.61 million. a) What was its weeks of supply last year? Inventory Inventory = Sales per Week Cost of Sales/52 Weeks Weeks of Supply= - b) What is its weeks of supply this year? Inventory Inventory Sales per Week Cost of Sales/52 Weeks c) Is Mattress Wholesalers making progress in its inventory reduction effort? Since the number of weeks that cover the supply has Weeks of Supply = 10.60 (round your response to two decimal places). = 9.69 (round your response to two decimal places). F Mattress Wholesalers is making in its inventory-reduction effort.
What is a “supply chain,” and how are supply chains related to justin-time inventory procedures?
Explain Supply Chain Inventory Planners?
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