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Question: Suppose a company made $2 million in revenue last year. The company began the year with $0.5 million in inventory and ended the year with $0.3 million in inventory. It cost the company $1 million to sell the products.
a) What was the company's inventory turnover last year? Please include the formula, at least one step of calculation, and the correct answer for full credit.
b) What was the weeks-of-supply of the company? Please include the formula, at least one step of calculation, and the correct answer for full credit.
What tools are applicable externally with vendors? Identify what tools are applicable internally and why. Identify and explain what tools are applicable externally with vendors.
How does each of these concepts influence human behavior and what insights do these features provide about how to influence high-performance organizational behavior?
Discuss the aspect of Supply Chain Management in the modern world
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What examples of industries or products can you think of that have undergone this change?What might be the pros and cons from the standpoint of SCM?
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Identify what tools are applicable internally and why. Identify and explain what tools are applicable externally with vendors. Include your cited references from three new sources.
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