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Question
The goal of every buyer and manager?is to run a profitable business.?In a dynamic business environment,?the ability to address opportunities and liabilities quickly can make a huge difference in business results.?Understanding business?mathematics,?the data that each calculation provides,?and how to analyze that data,?are crucial skills?for successful?buyers and managers.
1. Select five concepts covered during this course that you think are most valuable to your business. For example, sell-thru percentage, margin and markup, markdowns, safety stock, EOQ, turnover rate, and the overall inventory plan formulas.
2. Define these concepts and explain how you will use them going forward.
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The purpose of this assignment is for students to evaluate the lean techniques applied to business in today's workforce
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