Question
2) (About coefficient of variation) Garden Variety Flower Shop (GVFS) would like to source locally to support local small businesses. It uses about 750 12-inch
2) (About coefficient of variation) Garden Variety Flower Shop (GVFS) would like to source locally to support local small businesses. It uses about 750 12-inch clay pots a month. Two competing suppliers, Awesome and Bravo, offer relatively reasonable prices and services. Due to the production capacity limitation, the monthly supply each supplier can offer varies and is listed in the following table. a) GVFS would like to establish a stable sourcing relationship with one of the suppliers based on the coefficient of variation analysis of the supply. Which supplier should GVFS choose? b) Besides COV value, what other factors should GVFS consider in selecting a supplier?
Month | Supplier Awesome | Supplier Bravo |
Jan | 3000 | 750 |
Feb | 2000 | 1200 |
Mar | 2500 | 900 |
Apr | 2500 | 200 |
May | 2500 | 900 |
Jun | 1000 | 1000 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started