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The Bawl Corporation supplies alloy ball bearings to auto manufacturers in Detroit. Because of its specialized manufacturing process, considerable work-in-process and raw materials are needed. The current inventory levels are $2,420,000 and $1,360,000, respectively. In addition, finished goods inventory is $1,160,000 and sales (at cost) for the current year are expected to be about 64 million.
Express total inventory as:
a) Weeks of supply
b) Inventory turns
What does Drucker see as the biggest management challenge for the 21st century? Answer: Improving the productivity of the office worker.
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