Question
Acompany is introducing crochet and hand knit kitchen towels in the Canadian market on 1 st of April 2022. Companies like William Sonoma, and Bed,
Acompany is introducing crochet and hand knit kitchen towels in the Canadian market on 1st of April 2022. Companies like William Sonoma, and Bed, Bath and Beyond dominate this market. However, these companies mostly sell cloth kitchen towels, and target an older demographic. With the growing demand for crochet and hand knit towels, the company estimates that they can sell 1.8 million of these towels in 2022. company's suppliers are in Canada.The industry is expected to grow 7% annualy.
1) What strategy should the company adopt for raw material inventory management as well as finished goods inventory management.
2)Please recommend a distribution grid based on the weighted center of gravity method, using longitude and latitude numbers to calculate the distance and make your decisions of locations(storage locations across the nation) that will ensure timely placement of products to meet customer/retailer orders.
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