Evaluate the forecasts that would have been made over the 13 weeks using the overall (at the end of the 13 weeks) mean absolut eviation, mean absolute percent error, and tracking signal as criteria. (Negative values should be indicated by a minus sign. Rour | answers to 2 decimal places. Enter "MAPE" answers as a percentage rounded to 2 decimal places.)
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- Starbucks has a large, global supply chain that must efficiently supply over 17,000 stores. Although the stores might appear to be very similar, they are actually very different. Depending on the location of the store, its size, and the profile of the customers served, Starbucks management configures the store offerings to take maximum advantage of the space available and customer preferences. Starbucks’ actual distribution system is much more complex, but for the purpose of our exercise let’s focus on a single item that is currently distributed through five distribution centers in the United States. Our item is a logo branded coffeemaker that is sold at some of the larger retail stores. The coffeemaker has been a steady seller over the years due to its reliability and rugged construction. Starbucks does not consider this a seasonal product, but there is some variability in demand. Demand for the product over the past 18 weeks is shown in the following table. (week −1 is the…Starbucks has a large, global supply chain that must efficiently supply over 17,000 stores. Although the stores might appear to be very similar, they are actually very different. Depending on the location of the store, its size, and the profile of the customers served, Starbucks management configures the store offerings to take maximum advantage of the space available and customer preferences. Starbucks’ actual distribution system is much more complex, but for the purpose of our exercise let’s focus on a single item that is currently distributed through five distribution centers in the United States. Our item is a logo-branded coffeemaker that is sold at some of the larger retail stores. The coffeemaker has been a steady seller over the years due to its reliability and rugged construction. Starbucks does not consider this a seasonal product, but there is some variability in demand. Demand for the product over the past 13 weeks is shown in the following table. (week −1 is the week…What is a supply chain? What is the purpose of supply chain management systems?2. What is the purpose of cost accounting ISs?3. What is the relationship between CAD and CAM systems?4. What are the concerns in cash management, and how do cash management ISs help finan- cial managers?5. What is time to market? How have ISs affected time to market?6. In brief, what is the purpose of customer rela- tionship management systems?7. WhatarethetypicalcomponentsofERPsystems?8. Although technologically the full linking of the SCM systems of suppliers and buyers is feasible, many buyers are reluctant to do so. Why?9. Why do the ERP installation and testing of systems require that experts be involved? Whydoes the implementation of so many ERP sys-tems face severe challenges or totally fail?10. What is EOQ? Which two problems do ISs thatcalculate EOQ help minimize?11. What is JIT? How do MRP and MRP II systems help achieve JIT?12. For the human resource managers of some orga- nizations the entire…
- 2. What are the longer-run implications of this strategy for Tom Olivia and Jordan Wholesale Marketplace?Levi Strauss jeans created in 1873 began as a manufacturer of denim workpants with copper rivets used to strengthen the pocket stitching. By listening to its customers, Levi Strauss created the most popular piece of clothing in the world-blue jeans. Levi jeans sold in more than 110 countries has gained competitive advantage through its product offerings, distribution, and customer support.How Does Supply Chain Usage Gain Competitive Advantage within an Industry.Levi Strauss with assistance from customer support created the ‘personal pair’ kiosks that allow women to custom fit and design their own jeans. This innovation, which is part of an eight step process, involves taking four measurements from women with pre-programmed data in the kiosks and with assistance form a sales clerk a final inseam measurement made. After the measurements are made, a pair of jeans can be built to order.The process is guaranteed with home delivery for an additional $5. Even though the “personal pair’ jeans…Mattress Wholesalers, Inc. is constantly trying to reduce inventory in its supply chain. Last year, cost of goods sold was $7.48 million and inventory was $1.53 million. This year, costs of goods sold is $8.57 million and inventory investment is $1.64 million. a) What was its weeks of supply last year? weeks (round your response to two decimal places). b) What is its weeks of supply this year? c) Is Mattress Wholesalers making progress in its inventory reduction effort? Since the number of weeks that cover the supply has weeks (round your response to two decimal places). Mattress Wholesalers is making in its inventory-reduction effort.
- Mattress Wholesalers, Inc., is constantly tryingto reduce inventory in its supply chain. Last year, cost ofgoods sold was $7.5 million and inventory was $1.5 million.This year, cost of goods sold is $8.6 million and inventoryinvestment is $1.6 million.a) What were the weeks of supply last year?b) What are the weeks of supply this year?c) Is Mattress Wholesalers making progress in its inventoryreduction effort?“Sourcing – So where does Starbucks coffee come from? Starbucks sources its coffee beans directly from nearly 30,000 coffee farms around the world, in countries such as Brazil, Columbia, Guatemala, Kenya, Mexico, Saudi Arabia, and Tanzania. Starbucks suppliers are carefully selected by following Starbucks’ own Coffee and Farmer Equity (CAFE) standards and Coffee Sourcing Guidelines (CSG). Each Starbucks supplier needs to meet these standards and requirements. According to Starbucks, the farms must have safe working conditions and not use forced or child labour.” Source: https://www.dynamicinventory.net/starbucks-supply-chain-management/ Based on the above statement, it shows that managing sourcing is very important in supply chain management. i. In your opinion, what factors that Starbuck considered when making sourcing decisions?ii. Discuss some ways that firm such as Starbuck benefits from good sourcing decision.EFG reports annual sales of $ 30 million, annual cost of goods sold of $ 15 million, inventory of $ 5 million and net income of $ 2 million. What is the months of supply for EFG ? Show all formulas used, calculations and results. Do on Canvas RST has monthly turns of 4, annual cost of goods sold of $ 12 million, and annual revenue of $ 36 million. What is the average inventory ? Show all formulas used, calculations and results
- 1. As a logistic manager, please advise the relationship between logistics and supply chain management? 2. You are the owner of fresh fruit store; is there a way you can adapt the omni-channel. Please explain the reason why or why not?Mattress Wholesalers, Inc. is constantly trying to reduce inventory in its supply chain. Last year, cost of goods sold was $7.53 million and inventory was $1.49 million. This year, costs of goods sold is $8.61 million and inventory investment is $1.58 million. a) What was its weeks of supply last year? weeks (round your response to two decimal places). b) What is its weeks of supply this year? weeks (round your response to two decimal places). c) Is Mattress Wholesalers making progress in its inventory reduction effort? Since the number of weeks that cover the supply has V, Mattress Wholesalers is making V in its inventory-reduction effort.1.2) Discuss the advantages and disadvantages of the business level strategy adopted by Drip Footwear.