Question

Please answer all parts of question number 3 and type them and bold or underline the correct answers

Preview File Edit View Go Tools Window Help 100% -Mon 7:02 PM E a Homework 7-Vincent Amoia.pdf (page 2 of 3) Q Search Homework 7-Vincent Amoia.pdf 3. The grocery industry has an annual inventory turnover of about 15 times. Organic Grocers, Inc., had a cost of goods sold last year of $11,850,000; its average inventory was $1,009,760. What was Organic Grocers' inventory turnover, and how does that performance compare with that of the industry? times per year (round your response to two decimal a) What was Organic Grocers' inventory tunover? places) 56 PM b) How does Organic Grocers' performance compare with that of the industry? It is (1) the industry (1) O worse than O the same as O better than 4. Mattress Wholesalers, Inc. is constantly trying to reduce inventory in its supply chain. Last year, cost of goods sold was $7.55 million and inventory was $1.48 million. This year, costs of goods sold is $8.57 million and inventory investment is $1.56 million. a) What was its weeks of supply last year? b) What is its weeks of supply this year? c) Is Mattress Wholesalers making progress in its inventory reduction effort? Since the number of weeks that cover the supply has (1) weeks (round your response to two decimal places) weeks (round your response to two decimal places) Mattress Wholesalers is making in its inventory-reduction effort. untitled folder Campus Lecture AT&T Dec 2017 NcU

Baker Mfg Inc. wishes to compare its inventory turnover to those of industry leaders, who have turnover of about

1313

times per year and

88 %

of their assets invested in inventory.

  

Baker Mfg. Inc.
Net Revenue	$27 comma 50027,500
Cost of sales	$19 comma 41019,410
Inventory	$1 comma 2901,290
Total assets	$17 comma 82017,820

a) What is Baker's inventory turnover?

nothing

times per year (round your response to two decimal places). b) What is Baker's percent of assets committed to inventory?

nothing %

(enter your response as a percentage rounded to two decimal places). c) How does Baker's performance compare to the industry leaders?

(1)

(1)

Better

Worse

In Line with Industry

2.

Arrow Distributing Corp. likes to track inventory by using weeks of supply as well as by inventory turnover.

  

Arrow Distributing Corp.
Net Revenue	$16 comma 50016,500
Cost of sales	$13 comma 50013,500
Inventory	$1 comma 0001,000
Total assets	$8 comma 6008,600

a) What is its weeks of supply?

nothing

weeks (round your response to two decimal places). b) What percent of Arrow's assets are committed to inventory?

nothing %

(enter your response as a percentage rounded to two decimal places). c) What is Arrow's inventory turnover?

nothing

times per year (round your response to two decimal places). d) Suppose a manufacturer has an inventory turnover of 13.5 times per year. Arrow's supply chain performance relative to the manufacturer's, as measured by inventory turnover, is

(1)

.(1)

the same

better

worse

3.

The grocery industry has an annual inventory turnover of about

1515

times. Organic Grocers, Inc., had a cost of goods sold last year of

$11 comma 850 comma 00011,850,000 ;

its average inventory was

$1 comma 009 comma 7601,009,760.

What was Organic Grocers' inventory turnover, and how does that performance compare with that of the industry? a) What was Organic Grocers' inventory turnover?

nothing

times per year (round your response to two decimal places). b) How does Organic Grocers' performance compare with that of the industry? It is

(1)

the industry.(1)

worse than

the same as

better than

4.

Mattress Wholesalers, Inc. is constantly trying to reduce inventory in its supply chain. Last year, cost of goods sold was

$7.557.55

million and inventory was

$1.481.48

million. This year, costs of goods sold is

$8.578.57

million and inventory investment is

$1.561.56

million. a) What was its weeks of supply last year?

nothing

weeks (round your response to two decimal places). b) What is its weeks of supply this year?

nothing

weeks (round your response to two decimal places).

c) Is Mattress Wholesalers making progress in its inventory reduction effort?

Since the number of weeks that cover the supply has

(1)

, Mattress Wholesalers is making

(2)

in its inventory-reduction effort.(1)

increased

not changed

decreased

(2)

no progress

progress

negative progress

5.

Suppose that in month 1, both the retailer and the wholesaler in a supply chain ordered 20,000 units. Then in month 2, the retailer decreases its order size by 1000 units. If the wholesaler then decreases its order size in month 2 by 700 units, which of the following is TRUE?

A.

The wholesaler is contributing to the bullwhip effect.

B.

The wholesaler is providing a dampening (anti-bullwhip) effect.

Your answer is correct.

C.

Neither amplification nor smoothing is present.

D.

The wholesaler is providing both amplification and smoothing.

E.

The bullwhip measure for the wholesaler equals 0.70.

6.

A grocery store is trying to find a new supplier for carrots. Its three most important supplier criteria are freshness, lot size, and cost, with factor weights of 0.6, 0.1, and 0.3, respectively. What would a supplier with ratings of 6, 8, and 10 in the three respective categories score as a weighted total?

A.

8

B.

7.4

Your answer is correct.

C.

9.8

D.

24

E.

1

7.

Hartley Electronics, Inc., in Nashville, produces short runs of custom airwave scanners for the defense industry. You have been asked by the owner, Janet Hartley, to reduce inventory by introducing a kanban system. After several hours of analysis, you develop the following data for scanner connectors used in one work cell. How many kanbans do you need for this connector?

Daily demand	1 comma 6001,600 connectors
Lead time	44 days
Safety stock	0.500.50 dayday
Kanban size	500500 connectors

Number of kanbans =

nothing

kanbans (round your response to the nearest whole number).

8.

Maggie Moylan Motorcycle Corp. uses kanbans to support its transmission assembly line. Determine the size of the kanban for the mainshaft assembly and the number of kanbans needed.

????????????????????????????????????????????????????????????????????????????????????????????????????

Setup cost	$2020
Annual holding cost	$220220 per mainshaft
Daily production	340340 mainshafts/day
Annual usage	25 comma 00025,000 (50 weekstimes×5 days eachtimes×daily usage of 100100 mainshafts)
Lead time	44 days
Safety stock	1.001.00 days' production

Kanban container size =

nothing

mainshafts (round your response to the nearest whole number).Number of kanbans =

nothing

kanbans (round your response to the nearest whole number).

9.

Discount-Mart, a major East Coast retailer, wants to determine the economic order quantity for its halogen lamps. It currently buys all halogen lamps from Specialty Lighting Manufacturers, in Atlanta. Annual demand is

2 comma 4002,400

lamps, ordering cost per order is

$4545 ,

carrying cost per lamp is

$1212.

a) What is the EOQ?

nothing

lamps per order (round your response to the nearest whole number). b) What are the total annual costs of holding and ordering (managing) this inventory?

$nothing

(round your response to the nearest whole number). c) How many orders should Discount-Mart place with Specialty Lighting per year?

nothing

orders per year (round your response to the nearest whole number).

10.

Ferdows Electronics, Inc. (FEI), produces short runs of custom microwave radios for railroads and other industrial clients. You have been asked to reduce inventory by introducing a kanban system. After several hours of analysis, you develop the following data for connectors used in one work cell. How many kanbans do you need for this connector?

  

Daily demand	1,500 radios
Production lead time	1 day
Safety stock	1/2 day
Kanban size	250 radios

99

kanbans are required (enter your response as a whole number).