Q.3.1 What are the benefits that CoolClothes Manufacturers can enjoy when achieving high turnover rates? Q.3.2 What are the major cost categories that CoolClothes Manufacturers can implement when identifying and assessing Cost of Quality (COQ)? Q.3.3 Explain the two possible dangers that CoolClothes Manufacturers can experience when having a high inventory tumover rate.
Q: a) EOQ b) Total Carrying Cost…
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A: 1. No order quantity of 110 is not optimal as it would lower the holding cost but incur a higher…
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A: Below is the solution:-
Q: Question 3 Distribution requirements planning is a systematic process to make the delivery of goods…
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Q: QUESTION 9 A popuar and effective tool for demand management and planning is called
A: The correct answer is Forecasting. Forecasting is the tool that helps a manufacturer in planning the…
Q: Periodic inventory systems may be appropriate for ________________ a. Both small businesses and big…
A: The correct option is option b, Smaller businesses.
Q: Cost of Good Sold Beginning Inventory (In Pesos) Ending Inventory (In Pesos) 1…
A: Inventory Turnover Ratio is calculated with the help of following formula Inventory Turnover Ratio…
Q: Question: Suppose a manufacturer's production function is given by: 16q = 65 – 4(1- 4)² – 2(k – 5)²…
A:
Q: •• 11.5 inventory turnover to those of industry leaders, who have turno- ver of about 13 times per…
A: Given data; INDUSTRY'S Inventory Turnover 13 times Cost of goods sold 21500 $ Average…
Q: Question2: A company that sells fruit juices sells 1250 cases of fruit juice from cases priced at…
A: Given Information: Monthly Demand = 1250 cases Annual Demand (D) = 1250 ×12 = 15000 cases Ordering…
Q: QUESTION 3 a. Delightful Coffee Limited (DCLL) purchases coffee from Hopeful Harvest Plantations…
A: Economic order quantity helps companies to save cost. However, at times discounts are given by…
Q: Question 2 Orange Inn Restaurant uses 35,000 units of flour mix per year which has a price of $20…
A: Economic order quantity refers to the quantity that the company orders in order to minimize the…
Q: QUESTION 3 a. Delightful Coffee Limited (DCLL) purchases coffee from Hopeful Harvest Plantations…
A: Annual demand, d= 4500 units Ordering cost, o =$50 Holding cost percentage = 20% 1. For less than 45…
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A: Cost leadership is a business strategy wherein the business gains a competitive advantage over the…
Q: QUESTION 2 a. A manufacturing company Glass Items Manufacturing Limited (GIM), operating under a…
A: Given, Average weekly demand, AVG =150 units standard deviation, STD =30 units Lead time, L= 7 weeks…
Q: Q.No.01. Draw a flowchart showing steps involved in Risk Management Process.
A: Risk Management is an architecture of principles, framework, and processes for managing risks…
Q: In a Q system, the demand rate for strawberry ice cream is normally distributed, with an average…
A: Recorder point refers to the amount of inventory that persuades the management to restock.
Q: QUESTION THREE Inventory is one of the dominant costs in many industries and supply chains. In 1984…
A: When there arises a situation of uncertainty in supply and demand levels, the business organization…
Q: Question1: A business wants to classify its inventory items in order to determine its inventory…
A: This question is part of Inventory management and It falls under Business -Operations Management…
Q: Q-1. it patronage income is distributed back to the members on a non-qualified basis, who Initially…
A: Cooperatives convey member-based income to benefactors as support profits. By and large, these…
Q: Babble, Inc., buys 375 blank cassette tapes per month for use in producing foreign language…
A: Economic order quantity is the inventory model to minimize total annual inventory cost.
Q: Discuss different type of inventory control techniques used in operations Management with example.
A: Inventory control techniques refers to a techniques which are used to control the inventory…
Q: QUESTION 2 A) On the average, a firm has 10 weeks of work-in-process, and annual cost of goods sold…
A: ANSWER: NOTE: ACCORDING TO BARTLEBY WE HAVE A RIGHT TO ANSWER IF YOU WANT US TO ANSWER ANOTHER ONE…
Q: Choose the correct option and answer: 1) In which of the following circumstances is godown is not…
A: 1. A perishable good is an item in which the quality of the product deteriorates with time due to…
Q: QUESTION THREE (a) The actual demand of a product for 6 months are summarized in Table below: Actual…
A: Given that - Month (t) Demand (Dt) 1 300 2 450 3 700 4 900 5 1200 6 1400
Q: (b) Question 2. What is the reorder point (in days)? (c) Question 3. How long is the cvcle time (T,…
A: Economic order quantity is the optimal quantity that the business needs to buy the inventory to…
Q: Q3: Kimberly owns and operates a tennis shop in a resort area. The business is seasonal. A large…
A: 1. Kimberly operates and owns a business with very limited revenue streams throughout the year. It…
Q: Question 2 Adopting new technologies into logistics enables companies to plan, forecast, and…
A: During purchasing a product the sellers usually focus on the customer behavior as it is the highest…
Q: Q3. What is inventory management? Explain in brief 4 functions of inventory management.
A: Inventory management refers to the method of ordering, storing, and employing a company's inventory.…
Q: Question 4 Fortis Utility Company uses 2,000 units per year which it stores at $0.50 per unit per…
A: Economic order quantity (EOQ) is the ideal order quantity that minimizes the total cost relating to…
Q: 14. Financial aspects apparently manages the proficient assignment of scant products. Where does…
A: A circular economy is a fundamental way to deal with financial advancement intended to profit…
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Q: On December 1, Daw Co. accepts a S10,000, 45-day, 69% note from a customer. (1) Prepare the year-end…
A: Alterations to previously recorded journal entries are certainly referred to as adjusting entries.…
Q: QUESTION 29 Which of the following is not a "supply option" for sales & operations planning? A.…
A: Adjusting price:- Making the adjustments / changes in the pricing is not the task of the operations…
Q: Q1 A)Discuss the causes of stock obsolesce in the warehouse. B)
A: Warehouse:- A building used to store goods is called a warehouse. Warehouses are used by…
Q: At Dot Com, a large retailer of popular books, demand is constant at 20,400 books per year. The…
A: The above problem is related to the EOQ model of inventory management. The EOQ model is used to…
Q: Internal control weaknesses in the revenue cycle of DURAPLAST COMPANY LTD
A: Internal control is a process which ensures continuous reliability of accomplishment of a company’s…
Q: Q1. A manufacturer buys certain equipment form suppliers at Rs. 30 per unit. Total annual needs are…
A: Given - Annual demand (D) = 800 Units Ordering cost per order (S) = ₹100.00 Storing per unit/year…
Q: Question 2 Consider the company in Question 1. Now the company is considering working with a local…
A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
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A: Note- According to the guideline solution for the three part can be given . So you will get the…
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- Provide a Comprehensive evaluation of the rationale for food retailers using short-term forecasting methodologies to gauge consumer demand for sustainable products and items with a limited shelf life. NB: Your answer should have Introduction, discussion and conclusion.Table: Factors causing the decline in sales Factors % Contribution Delayed deliveries 15% Lack of delivery personnel 8% Inaccurate sales orders 25% Wrong deliveries 32% Delayed invoicing 6% Pilferage 7% Expired items 7% a. Following the Pareto Principle, what are the vital factors or main contributors to the decline in sales? Show your Pareto Chart and indicate or label the vital factors or contributors to the problem. Hint: know the vital few % b. What are the vital factors or vital contributors to the problem? c. If the sales and marketing manager wants to reduce the impact of vital factors or contributors by 70%, what will be a good GOAL Statement to improve his sales problem? Hint: Use SMART GOALSelect two stores you shop at, and state how they compete.
- Critically analyse single sourcing and multiple sourcing.Analyse and explain the reason to use single sourcing and use multiple sourcing. Recommend delegated sourcing. Support your answer with examples.Even though Hallmark (www.hallmark.com) cards, gifts, and other related goods are sold at 43,000 retail outlets in more than 100 countries throughout the world, the greatest selection of Hallmark products can be found in Hallmark's 3,500 independently owned Hallmark Gold Crown stcres and in Hallmark's close to 500 company-owned stores. A key element of Hallmark's customer data base and overall mar- keting efforts is its Crown Rewards loyalty program. About 14 million customers participate in this program. According to Jay T. Dittman, Hallmark's vice-president for marketing strategy, "At corporate we provide insight that turms data- base information technology into marketing programs." Prior to shifting to its current SAS Enterprise Intelligence Platform in 2007, Hallmark had to perform several steps before its data base could be used for marketing strategy development and analysis. Data had to be downloaded from a mainframe to a server and then imported into Microsoft Access. Then…Even though Hallmark (www.hallmark.com) cards, gifts, and other related goods are sold at 43,000 retail outlets in more than 100 countries throughout the world, the greatest selection of Hallmark products can be found in Hallmark's 3,500 independently owned Hallmark Gold Crown stcres and in Hallmark's close to 500 company-owned stores. A key element of Hallmark's customer data base and overall mar- keting efforts is its Crown Rewards loyalty program. About 14 million customers participate in this program. According to Jay T. Dittman, Hallmark's vice-president for marketing strategy, "At corporate we provide insight that turms data- base information technology into marketing programs." Prior to shifting to its current SAS Enterprise Intelligence Platform in 2007, Hallmark had to perform several steps before its data base could be used for marketing strategy development and analysis. Data had to be downloaded from a mainframe to a server and then imported into Microsoft Access. Then…
- Imagine yourself as Business Development Manager in ABC and your task is to create new business strategies for your products and increase sales volume and diverse customer portfolio. Before you start, we would like to give some information about our current customer portfolio as follows: Customer Segment Percentage of segment Revenue Stream High-end / Michelin Restaurants 37% 50% Mid to High Restaurants 43% 34% Cafes / Small Restaurants 20% 16% Table shows our customer distribution by percentage of each segment and share of each segment in total revenue. Questions: (a) How would you increase sales among current customer portfolio (aka chefs/restaurants)? Which group of chefs/restaurants would you focus and why? Which channels would you use to reach your prospective customer and sell your products to them? (b) Remember your idea for new target group suggested by you in previous case, in which platforms or places would you sell your products among your…As a result of Covid-19 pandemic, the use of sanitizers came to be one of the important conditionalproducts for both business and individual customers however producers should maintain theirstate of production post Covid-19 via encouraging the use of sanitizers to different groups ofcustomers.Based on your own choice, select one of your favorite brand sanitizers to analyze thefollowing while citing examples:1- The different new trends in segmenting and targeting that the firm marketersmay use to increase its production to multiple groups via multiple segmentationand targeting bases 2- Your own creative ideas to use the various techniques of brand placement, retrobranding and stealth marketing that the firm brand marketers may use tostrengthen the brand positioningA firm has developed a new roofing material that also produces electricity from sunlight. This material is very light and inexpensive. Besides roofing, it could also provide an inexpensive carport covering for open-air parking lots. The firm has hired you as a consultant for the successful national launch of this product. You are required to present a report to the senior management describing when and where this product should be launched. Identify different segments of the market for launching this product. Recommend which segments of the product should be targeted first for maximum returns to the firm and support your recommendation.
- This is the basic Marketing Plan in Business please relate to Tourism Destination. • Define your target audience: Determine who your ideal customer is by analyzing demographic information such as age, gender, income, and location. • Conduct market research: Conduct research on your industry, competitors, and market trends. This will help you identify opportunities and challenges and determine how to position your brand. • Set goals and objectives: Determine what you want to achieve with your marketing plan, such as increasing sales or building brand awareness. • Develop a unique value proposition: Develop a clear and compelling message that differentiates your brand from competitors and resonates with your target audience. Determine your marketing mix: Decide which marketing channels and tactics will best reach your target audience, such as social media, email marketing, or advertising. • Create a budget: Determine how much you are willing to spend on marketing and allocate resources…As a marketing team at your company, you have been given the opportunity to attend two virtual seminars with experts commenting on how COV19 has shaped the future of customer relationship management and sales and marketing. Your team has been asked to highlight at least four key points from these virtual seminars that can support sales, marketing and customer relationship management for the arm of their retail banking unit based in the Caribbean, along with three strategies to build client relationships and revenue over the next 2-3 yearsIn this week’s topic, the chapter covered customer loyalty and how it weaves into the 8 Ps marketing mix. To practice this concept, select your favorite vacation spot. Select 2 Ps from the 8 Ps marketing mix. For each, identify and briefly describe one marketing strategy idea that would support a marketing campaign for your favorite vacation spot. Brainstorm 1 to 2 ways you can promote customer loyalty and encourage tourists to return.