A restaurant has annual sales of $423,000, an average (Round your answer to 1 decimal place.) What is the restaurant's days-of-supply of inventory? (Ass days per year.)
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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.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.)A restaurant has annual sales of $420,000, an average inventory of $6000, and an annualcost of goods sold of $264,000. What is the restaurant’s monthly inventory turns?
- Your firm uses a continuous review system and operates 52 weeks per year. One of the Stock-Keeping Units (SKUs) has the following characteristics:Demand = 20000 units/year = 385 units/weekOrdering cost = $40/orderHolding cost = $2/unit/yearService level = 95 percentz=1.65Lead time = 2 weeksDemand is normally distributed, with a standard deviation of weekly demand of 100 units. a)Calculate the item's EOQ. b)Find the safety stock and reorder point that provide a 95 percent service level. c)For these policies, what are the annual costs of (i) holding the cycle inventory and (ii) placing orders?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 )The figure on the right shows the inventory levels cherries (in pounds) at one store and the order-reorder periods over 1 year. Refer to the figure to answer the following questions. 180 (a) What is the average amount of cherries in inventory during one order-reorder period? (b) What is the maximum amount of cherries in inventory during one order-reorder period? (c) How many orders were placed during the year? (d) How many pounds of cherries were sold during the year? 1st order arrives End of year (a) What is the average amount of cherries in inventory during one order-reorder period? The average amount of cherries in inventory during one order-reorder period is pounds.
- A computer company’s yearly inventory cost is 40 percent (which accounts for thecost of capital for financing the inventory, warehouse space, and the cost of obsolescence). Last year, the company had $400 million in inventory and cost of goods sold of$26 billion. What is the company’s total inventory cost for the year (in $ million)?Suppose a retailer’s annual inventory turns are 7.5. What are its days-of-supply of inventory? (Assume 365 days per year.)Determine the ending inventory balance using the FIFO (First-In, First-Out) method. Beginning inventory = 50 units at $10 per unit, Purchases = 100 units at $12 per unit, Sales = 80 units.
- If average inventory is 3,75,000 and closing inventory is 30,000 less than opening inventory, then find the opening inventory?Raytheon Co. has $4139 (million) worth of inventory and their COGS are $16,860 (million). Their average holding cost per unit per year is $4075 What is the average inventory cost per unit for Raytheon Co? Instruction Round your answer to the nearest $0.01 The average inventory cost per unt what is the average inventory cost pee unit?A manufacturer of farm equipment has annual turns of four, and its cost of goods sold(COGS) is $44 billion. What is the average inventory it holds?