Reference no: EM132841148
To be competitive, many fast-food chains expanded their menus to include a wider range of foods. Although contributing to competitiveness, this has added to the complexity of operations, including inventory management. In what ways did the expansion of menu offerings create a problem for inventory management? One form of inventory is safety stock, which is primarily carried by companies to ensure a variety of products is available at all times. However, safety stock ties up capital and hinders cash flow.
Then respond to the following:
As a manager, what recommendations could you provide to reduce inventories as it relates to safety stock?
What parameters would lead you to believe that (a) large safety stock, (b) small safety stock, and (c) zero safety stock would be advantageous for the organization? Be sure to provide examples and data in support.
What are some of the ways in which a company can reduce the need for inventories?
How has technology aided inventory management?
How have technological improvements in products such as automobiles and computers impacted inventory decisions?
|
Explain briefly the task-facilitating roles
: Explain briefly the task-facilitating roles that can enhance team performance. Explain briefly the relationship-building roles that can enhance team performance
|
|
Do the journal entries on the books of Thor Corp
: The land has a fair value of $2,000,000 on January 1, 2020. Do 2020 journal entries on the books of Thor Corp. to reflect the above sale and lease transactions
|
|
Does the business idea need to be modified
: Based on your assessment, does the business idea need to be modified, changed significantly, or abandoned?(Note: If you abandon the business idea.
|
|
Find what is the price of the? bonds for doisneau
: If the bonds are trading with a? market's required yield to maturity of 13 ?percent, What is the price of the? bonds? Make interest payments on a semiannual?.
|
|
How has technology aided inventory management
: To be competitive, many fast-food chains expanded their menus to include a wider range of foods. How has technology aided inventory management?
|
|
Explain the pricing strategy you would use for a business
: Using the Internet or Strayer databses, analyze pricing techniques for established products and services. Next, select and explain the pricing strategy you.
|
|
Compare and contrast various sampling approaches
: Compare and contrast various sampling approaches (e.g., large sample, small sample, convenience sample, and so forth). Apprise each of them
|
|
Find the total amount of interest fritz will pay
: Fritz Benjamin buys a car costing $24,400. What is the amount of each payment? Find the total amount of interest Fritz will pay.
|
|
What is the financial advantage for the company
: What is the financial advantage (disadvantage) for the company as a whole (on a per unit basis) if the Quark Division rejects the $407 price
|