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The owner of Genuine Reproductions (GR), a company that manufactures reproduction furniture, is interested in measuring inventory effectiveness. Last year the cost of goods sold at GR was $4,500,000. The average inventory in dollars was $500,000. GR plans on increasing next year%u2019s sales by 10 percent while maintaining its same average inventory in dollars of $500,000.
a. Calculate the expected inventory turnover for next year.b. Calculate the expected weeks of supply.
Develop an optimal distribution system. This problem is similar to the problem in the test. Type the answers below in the space provided. What are the optimal schedule and the optimal cost? Where would you build the new plant(s)
Some have argued the Six Sigma programs are merely repackaged versions of older quality improvement programs that originally accompanied TQM initiatives in the 1980s. Present arguments that both support and refute this view.
If the balance sheet amounts show $2 million of inventory also $500,000 of property, plant & equipment, illustrate what is the inventory turnover.
In 250 words or more, explain what impact did Vietnam have on U.S. policy after the war?
the store made 2700 chocolate-covered cherries, and the store owner rejected 120 of the chocolate-covered cherries.
Of 3 options which do you feel is best. I think TQM covers a wide range. It practically encompasses both Lean also Six Sigma however Lean also Six Sigma are more detail oriented. Explicate what do you understand
What are the differences between an Executive Agency and an Independent Agency? Also give an example of both.
Is the "heavyweight" project teams an approach that you would recommend to Lilly for commercialization of the Evista product?
China and India have demonstrated trends toward Western-style consumption over the last decade. Given the emphasis on the youth market in the US over the last 60 years (since the baby boom), what can you suggest for marketers in these youth-orient..
What are the standard rules of overtime pay? Provide examples of why it is not always simple to administer.
You are to simulate arrivals and departures from a fictional airport with a single runway which has a capacity of handling a total 6 aircraft at once (any mix of takeoffs and landings).
How can social media such as Linked In, Facebook, and Twitter be used to improve knowledge sharing, build social capital, support innovation, and aid problem-solving in one of the following organisational contexts?
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