Assignment $3$ Instructions

Scenario:

Olive Roscoe$$s Luxury Furniture Design LLC is a well$-$known household brand in Buffalo, New York.

The company has experienced great success producing mattresses for distribution via wholesale, retail, and direct$-$to$-$consumer $($D$2$C$)$ channels.

Olive Roscoe$$s Luxury Furniture Design $($ORLFD$)$ is facing several difficulties.

$1.$ Retailers expect that suppliers will offer a wide range of products. ORLFD currently offers $20$ varieties for retail distribution. This proliferation has created several problems with operations.

a$.$ Limited warehouse space and high levels of demand variance have resulted in a significant decline in order fill rates.

b$.$ Inventory holding costs are exceptionally high.

The company has decided to hire your team of external consultants and anticipates that you will be able to quickly and accurately answer the following questions based on the data provided.

$1.$ Based on demand, what is the #$1$ best seller? $($Answer AND Include Bar Chart$)$

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$2.$ What are the Top $3$ products in terms of Revenue? $($Answer AND Include Pie Chart$)$

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$3.$ What are the Top $3$ products in terms of Profitability? $($Answer AND Include Pareto Chart$)$

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$4.$ What is our AVERAGE production cost per unit?

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Based on your response to the above questions, please answer the following:

$1.$ What strategies could ORLFD utilize to reduce inventory holding costs while better serving their customers?

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$2.$ What additional variables would be relevant to this case? In other words, what data is missing or excluded from our Excel document that would have otherwise been helpful if not essential in making these strategic decisions?

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