Essentials of MIS (13th Edition)
13th Edition
ISBN: 9780134802756
Author: Kenneth C. Laudon, Jane Laudon
Publisher: PEARSON
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Chapter 9, Problem 9HMP
Program Plan Intro
Just-In-Time replenishment:
It is abbreviated as JIT, which is one of the inventory strategies. It helps the organization to increase efficiency and decrease waste as well as reduces response times from dealers and to customers. The main advantage of JIT is cost effective. JIT method requires manufacturers to predict demand accurately.
Point-Of-Sale:
It is abbreviated as POS, which is nothing but the time and place where a trade transaction is completed. Here, the merchant calculates the amount owned by the customer by using devices like barcode scanners, cash registers, etc. Now-a-days businesses are adopting POS systems.
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As the head buyer for a major supermarket chain, you are constantly being asked by manufacturers and distributors to stock their new products. More than 50 new items are introduced each week. Many times, these products are launched with national advertising campaigns and special promotional allowance to retailers. To add new products, the amount of shelf space allocated to existing products must be reduced or items must be eliminated together. Develop a MIS report that you can use to estimate the change in profits from adding or deleting items from an inventory. Your analysis should include input such as estimated weekly sales in units, shelf space allocated to stock items, total cost per unit, and sales per unit. Your analysis should calculate total annual profit by items and then sort the rows in descending order based on total annual profit.
Background
CD Selections is a chain of 50 music stores located in California. Annual sales last year were $50 million, and they have been growing at about 3-5 percent per year for the past few years.
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The System
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As a big grocery chain's top buyer, manufacturers and distributors beg you to stock their new
items. Each week brings tens of new products. National advertising campaigns and merchant
promotions often introduce these items. Existing goods must be decreased or removed to make
room for new ones. You need to work with the IS department to create a marketing MIS to
estimate profit changes from adding or removing inventory. What advice would you provide the
IS department for designing this system?
Chapter 9 Solutions
Essentials of MIS (13th Edition)
Ch. 9.2 - Prob. 1CQ1Ch. 9.2 - Prob. 2CQ1Ch. 9.2 - Prob. 3CQ1Ch. 9.2 - Prob. 4CQ1Ch. 9.3 - Prob. 1CQ2Ch. 9.3 - Prob. 2CQ2Ch. 9.3 - Prob. 3CQ2Ch. 9.3 - Prob. 4CQ2Ch. 9 - Prob. 1IQCh. 9 - Prob. 2IQ
Ch. 9 - Prob. 3IQCh. 9 - Prob. 1RQCh. 9 - Prob. 2RQCh. 9 - Prob. 3RQCh. 9 - Prob. 4RQCh. 9 - Prob. 5DQCh. 9 - Prob. 6DQCh. 9 - Prob. 7DQCh. 9 - Prob. 8HMPCh. 9 - Prob. 9HMPCh. 9 - Prob. 11HMPCh. 9 - Prob. 12CTPCh. 9 - Prob. 13CSQCh. 9 - Prob. 14CSQCh. 9 - Prob. 15CSQCh. 9 - Prob. 16CSQCh. 9 - Prob. 17CSQCh. 9 - Prob. 18MLMCh. 9 - Prob. 19MLM
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