Performance compare with that of the industry

Assignment Help Operation Management
Reference no: EM131443906

The grocery industry has an annual inventory turnover of about 14 times. Organic

Grocers, Inc., had a cost of goods sold last year of $10.5 million; its average inventory was $1.0 million. What was Organic Grocers's inventory turnover, and how does that performance compare with that of the industry?

Reference no: EM131443906

Questions Cloud

Identify which of these attitudes and values you possess : Identify attitudes and values that you believe are most important for effective human services professionals. Explain why you think they are important.Identify which of these attitudes and values you possess and which ones you might need to develop..
What is meant by reverse logistics : What is meant by reverse logistics? Discuss the advantages of it. From the internet, find an article or a company that practices this. Provide the URL and provide a brief summary of your source.
Is there is a dominant strategy : The following payoff matrix shows the possible sentences that two suspects, arrested on suspicion of car theft, could receive. The suspects are interrogated separately and are unable to communicate with one another. Use the payoff matrix to answer..
Prepare and present a marketing plan : BSBMKG609 - Advanced Diploma of Leadership and Management - you are required to review and evaluate marketing opportunities for an organisation and develop marketing activities that reflect strategic directions of the organisation.
Performance compare with that of the industry : Grocers, Inc., had a cost of goods sold last year of $10.5 million; its average inventory was $1.0 million. What was Organic Grocers's inventory turnover, and how does that performance compare with that of the industry?
Business experience-preferably in housewares : You are the hiring manager at a major home improvement retailer, Home Improvement Center, and need to fill a position for a night shift supervisor. Applicants should have retail business experience, preferably in housewares, and at least some supe..
Define wage rate : a. What is the wage rate paid to apple pickers? b. How many apple pickers have been hired? c. If the demand for apples increases, resulting in 100 more apple pickers per day being hired, what would be the new wage rate paid to pickers?
Socisocial work with abused and neglected children : Cultural backgrounds can greatly impact people who are in need of human services. In some cultures, for example, illness is seen as a sign of weakness, which sometimes leads to delayed medical or social assistance. This is just one of the countles..
Discuss about therapeutic techniques and procedures : Now that you have read about therapeutic techniques and procedures, choose two techniques that you would be most likely to use and explain why. Choose one that you are least likely to use and explain why.

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd