A just-in-time (JIT) inventory system appears to be an importantsuccess factor for retailers like H&M and Forever 21. Choose a localretailer and examine the advantages and disadvantages of its use of aJIT system. Do you believe it should use JIT? Why?
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| A just-in-time (JIT) inventory system appears to be an important success factor for retailers like H&M and Forever 21. Choose a local retailer and examine the advantages and disadvantages of its use of a JIT system. Do you believe it should use JIT? Why? |
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- Karim owns a small strawberry farm, each season he se!lls strawberries to his family members, friends and neighbors. Based on the above scenario, which distribution channel is Karim using? * Indirect through an agent Indirect through a retailer O Indirect through a wholesaler :O Direct from producer to consumer 58Explain the trade-offs that inventory managers facewhen they reorder products or supplies. How is thereorder point computed?Describe the importance of supply chain management (SCM) in the retail business. Provide specific examples based on the two real-world situations you studied.
- Discuss where the four (4) distribution centre should be located. Explain yourchoiceMattress Wholesalers, Inc. is constantly trying to reduce inventory in its supply chain. Last year, cost of goods sold was $7.46 million and inventory was $1.52 million. This year, costs of goods sold is $8.64 million and inventory investment is $1.61 million. a) What was its weeks of supply last year? Inventory Inventory = Sales per Week Cost of Sales/52 Weeks Weeks of Supply= - b) What is its weeks of supply this year? Inventory Inventory Sales per Week Cost of Sales/52 Weeks c) Is Mattress Wholesalers making progress in its inventory reduction effort? Since the number of weeks that cover the supply has Weeks of Supply = 10.60 (round your response to two decimal places). = 9.69 (round your response to two decimal places). F Mattress Wholesalers is making in its inventory-reduction effort.Fast-fashion is relatively a new business model that has become quite successful in apparel retailing. How would you compare and contrast fast-fashion with the traditional apparel retailing from supply chain and consumer’s point of view?
- What is the Inbound logistics and Outbound logistics?2. What are the Channel alternatives (manufacturer-to-retail)? and explain the channel alternatives for consumer products through retail outlets.Lulu Hypermarket is the leading retailer in the Middle East. They sell their Lulu brand of bread, rice, washing powder along with wide range of manufacturer’s brands. This retailing activity of Lulu Hypermarket is classified as ________________. a.Manufacturer brand with few categories b.Own brand and few categories c.Manufacturer brand with many categories d.Own label and many categories