How does shortage and overage in inventory affect the profitability of the business organization
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- Why is it desirable for a business to boost its inventory turnover ratio ?If a merchandising company has a beginning inventory of $400,000 and an ending inventory of$200,000, and the company purchased $1,600,000 of inventory during the month, what is the company’s cost of goods sold?The owner of a retail store needs information on how stores are performing and which products are selling well so that immediate action can be taken. Thus, information that is in the present time or what is happening should be available. What quality of information is referred to in this statement?
- How are demand management, order management, and customer service related?a practical example of information technology as a reason forincreasing the importance of the purchasing and supply functionhow an effective purchasing department can affect the organizational performance of a large manufacturer or a large retailer.
- When is the right time and placement for the business to produce or order products as their inventory? Is overstocking of products good for one company? Why?Comparing the grocery and the toys section at a retailer: Grocery should have higher days of inventory than toys Grocery should have higher margin than toys Grocery should have a higher lead time than toys Grocery should have a higher inventory turnover than toysWhat are the advantages of using transaction processing systems, customer relationship management, and supply chain management?
- Is a direct selling supply chain without retail stores always less expensive than a supply chain with retail stores?A is a business organization that buys in bulk from food processing plant and other manufactúrers or their agents, and then breaks up the bulk into smaller quantities for the purpose of selling them. * O Retailer 8. O Cashier Quality controller O WholesalerDescribe any FIVE (5) principal e-commerce business models and their respective revenue models.