If average inventory is 3,75,000 and closing inventory is 30,000 less than opening inventory, then find the opening inventory?
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If average inventory is 3,75,000 and closing inventory is 30,000 less than opening inventory, then find the opening inventory?
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- The chapter presented various approaches for the control of inventory investment. Discuss three additional approaches not included that might involve supply chain managers.The materials manager for a billiard ball maker must periodically place orders for resin, one of the raw materials used in producing billiard balls. She knows that manufacturing uses resin at a rate of 50 kilograms each day, and that it costs $.04 per day to carry a kilogram of resin in inventory. She also knows that the order costs for resin are $100 per order, and that the lead time for delivery is four days. If the order size was 1,000 kilograms of resin, what would be the average inventory level?A restaurant has annual sales of $420,000, an average inventory of $6000, and an annualcost of goods sold of $264,000. What are the restaurant’s days-of-supply of inventory?(Assume 365 days per year.)
- After inventory you found out that there are 10 green shirts, 5 white shirts, and 3 red shirts sold as reflected in the sales report of the booth. What part of the inventory was sold if you had 5 colors of each shirt on stock, which is 1 dozen per color?after inventory you found out that there are 10 green shirts, 5 white shirts, and 3 red shirts sold as reflected in the sales report of the booth. What part of the inventory was sold if you had 5 colors each shirt on stock, which is 1 dozen pero color?Shop sells bread for $2 per loaf that costs $0.40 per loaf to make. Shop gives a 90% discount for its bread at the end of the day. Based on the critical ratio determined, the company would expect the stockout rate to be ______ % (round to the two decimal places )
- Calculate the average inventory given the following information: Revenues $685,000 ending inventory $250,000 beginning inventory $450,000 $350,000 $295,000 $425,000 $300,000Company B sold 50% of the 5,000 items that it carried last week. There were 500 items for which some demand was not satisfied. What is the stockout probability for last week? A) 10% B) 50% C) 85% D) 28%Womble Inc. has beginning inventory of $200 and an ending inventory of $400 for a given periodin which it purchased $13,400 worth of materials. What is the dollar amount of materials used inthis period?
- Analyze inventory using the Pareto principle.Last year, the retailer’s weekly variance of demand was 200 units. The variance of orders was 500, 600, 750, and 1,350 units for the retailer, wholesaler, distributor, and manufacturer, respectively.a) Calculate the bullwhip measure for the retailer.b) Calculate the bullwhip measure for the wholesaler.c) Calculate the bullwhip measure for the distributor.d) Calculate the bullwhip measure for the manufacturer.e) Which firm appears to be contributing the most to the bull-whip effect in this supplychain?Your company has the following items in inventory: Unit Cost $9 $90 $6 Item A B с D E F G H Annual Demand 1200 100 4500 400 35 250 1000 100 $150 $2000 $120 $90 $75 a) What is the annual dollar volume for all items b) Perform an ABC analysis on the data. Which are the A items, the B items and the C item: c) Why is it desirable to classify items into groups, as the ABC classification scheme does? d) Define and discuss the term "productivity" with help of productivity equation.