Importance of managing returns. Introduction: A supplier needs to manage returns effectively or the benefits from its exercises can vanish as fast as they are made. However with a easy, apparent process set up for taking care of profits, organizations can settle on a greater amount of the correct choices about stock management of, provider connections and client benefit, enabling them to keep their main concerns solidly operating at a profit.

Question

Want to see the full answer?

Answer 1

Question

Chapter 15, Problem 12DRQ

Summary Introduction

To determine: Importance of managing returns.

Introduction: A supplier needs to manage returns effectively or the benefits from its exercises can vanish as fast as they are made. However with a easy, apparent process set up for taking care of profits, organizations can settle on a greater amount of the correct choices about stock management of, provider connections and client benefit, enabling them to keep their main concerns solidly operating at a profit.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

“Implementing a Performance Management Communication Plan at Accounting, Inc.” Evaluate Accounting Inc.’s communication plan. Specifically, does it answer all of the questions that a good communication plan should answer? Which questions are left unanswered? How would you provide answers to the unanswered questions? “Implementing an Appeals Process at Accounting, Inc.” If you were to design an appeals process to handle these complaints well, what would be the appeal process? Describe the recommended process and why.

The annual demand for water bottles at Mega Stores is 500 units, with an ordering cost of Rs. 200 per order. If the annual inventory holding cost is estimated to be 20%. of unit cost, how frequently should he replenish his stocks? Further, suppose the supplier offers him a discount on bulk ordering as given below. Can the manager reduce his costs by taking advantage of either of these discounts? Recommend the best ordering policy for the store. Order size Unit cost (Rs.) 1 – 49 pcs. 20.00 50 – 149 pcs. 19.50 150 – 299 pcs. 19.00 300 pcs. or more 18.00

Help answer showing level work and formulas