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For the following three questions, consider a 10 Euro (retail price) bottle. What are the costs of having one bottle too few in inventory (underage

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For the following three questions, consider a 10 Euro (retail price) bottle.

  1. What are the costs of having one bottle too few in inventory (underage cost)? What are the costs of having one bottle too many in inventory (overage cost)? List these costs qualitatively and attempt to attach numbers to them.
  2. Assume the underage cost is 3 Euro and the overage cost is 1 Euro. How many bottles would you order of a wine that is forecasted to sell 2000 bottles if your objective is to maximize profits? How do these numbers change if you use the cost numbers from your answer to Question 1?
  3. Assume you would like to achieve a fill rate of 98%. How would the answer to question 2 change?
  4. How much of each wine listed in Exhibit 2 would you order? Be prepared to explain and justify your decisions. (Anexcel file is providedDownload excel file is providedthat contains the data in Exhibit 2.)

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Dashboard X Case 2 - Activity Base X MCQ 3 - Forecasting X *Homework Help - Q& X Microsoft Word - Le C X o Mail - Kenzie Smith - (X / Matches X C D @ File | /Users/kenziesmith/Downloads/LeClubFrancaisduVin.pdf G Google Canvas . Outlook SOAR Bol AOL Mail Volleymetrics YouTube Adobe Q Quizlet C Chegg Microsoft Word - Le Club Francais du Vin - v3.doc 1 / 6 100% Forecasting and Procurement at Le Club Francais du Vin CHRISTIAN TERWIESCH CLUB FRANCAIS DU VIN ANTOINE GOUZE Depuis 1973 Stephane Zanella took a second careful sip from the glass of the 2002 St Emilion in front of him. He spun the stem of the wine glass slowly, watching the velvet-red liquid swirl, and reflected upon the rich taste so typical of the French Bordeaux wines. This particular bottle, 1 produced by the Chateau Les Petites Rangats, presented a delightful combination of high acidity and an overall complex aroma. However, as Directeur General (General Manager) of the Club Francais du Vin (The French Wine Club), a large catalog retailer offering an exciting collection of French wines to the consumer, he had every reason to be disappointed with the bottle. Zanella and his product manager in charge of forecasting demand for the wines offered by the Club had ordered 10,000 bottles of the wine for the company's January 2004 catalog. They had, however, experienced consumer demand for only 1,704 bottles, and the remaining bottles were now in the company's Dijon warehouse, where they were likely to remain for many months. Since consumers favored lighter wines, such as a Rose or a fruity white wine, for the upcoming spring season, the 2 remaining 2002 St Emilion bottles would burden the company's cash position and potentially require significant discounts in the future. Though unpleasant, mismatches between forecasts and customer demand are fairly commonplace in a catalog retail wine business. Forecasting the demand for wines and placing orders with the wine growers require constantly balancing the cash constraints inherent in holding large inventory positions with the goal of sustaining healthy margins (the club typically enjoys around 50%) while ensuring availability of a broad selection of wines even late in a catalog season. 3 Le Club Francais du Vin: Company Background Le Club Francais du Vin, founded in 1973, had grown to a 10 million Euro per year business in 2004 with customers in France, Switzerland, and Germany. The mission of Le Club is o offer wines of good to very good quality to its members, who receive interesting wines delivered directly to their homes. Since most consumers in France purchase wine through their supermarkets (some with outstanding selections) and local specialty stores, Le Club capitalizes on a niche market. Le Club employs several wine experts and specializes in identifying small and mid-size growers typically below the radar screen of the big French hyper-markets such as Carrefour and Champion.X 1:: Case 2 - Activity Br M00 3 Forecastin it Homework Help - C 9 M rosoft Word - Le ( X Smith X f Matches 6 -> C' 0 6 File I lUserslkenziesmitthownloads/LeclubFrancaisduVin.pdf Q ] 3-} I] a g ,. a Google Q Canvas 5' Outlook 6 SOAR @ AOL Mail Volleymetrics a YouTube I Adobe 0 Quizlet Chegg Microsoft Word - Le Club Francois du Vin - v3.doc Every member of Le Club receives an offer of wine every two months via a catalog called Etiquette, which includes 30-40 carefully selected wines. Typically, a wine in Etiquette is featured on a half-page of sumptuous description and photographs of the grower, a chateau, or the vineyard. Etiquette, mailed to all of Le Club's 50,000 members, also includes two leaets, La Selection and La Cave. La Selection showcases three wines that are Le Club's recommendation for the season. If a member does not place an order om either Etiquette or La Selection, she might automatically receive a shipment of 12 bottles consisting of the three wines from La Selection (four bottles from each of the three wines). The customer may return these bottles free of charge (called \"option negative" in Francez). As this can be expensive for Le Club (shipping and handling costs are rather substantial), Le Club only sends unsolicited shipments to its most loyal customers (loyalty measured in years of membership) as well as to those who have rarely returned shipments from La Selection. La Cave, the other leaet, consists of a cursory list of available wines, their price and year, but offers none of the detailed descriptions and background material featured in the Etiquette catalog, Frequently, wines in La Cave are leftover from a previous catalog (some of them heavily discounted). The Forecasting Process True to its name, Le Club Francais du Vin largely carries French wines The French wine industry still consists primarily of small to mediumsized growers that harvest their own grapes and produce their own wines. French wines, especially those from the Bordeaux region, are known for their idiosyncratic tastesi Given that a typical Bordeaux wine is a mixture of different grapes carefully craed and composed by local winemakers, it is possible that two Bordeaux wines of the same year and from neighboring vineyards can have completely different tastessi This taste heterogeneity across growers of French wines differs greatly from the wines of Australia, South America, or California, where wines are created by large producers (most of them buying grapes from several growers) and composed to achieve a consistent drinking experience. The heterogeneity of French wines makes forecasting consumer demand for a particular French wine extremely difcult, sharing similarities with the fashion industry. A few comments from the major wine experts can determine the fate of a particular wine for the season. Most notably, the American wine-guru Robert Parker is respectedand fearedin the industry for his wine recommendations and their impact on consumer demand. At Le Club Francais du Vin, a group of professional wine experts visits France's various wine regions. They score the wines on a scale from 1 to 20. They then look at sales patterns of similar past wine offerings of Le Club and create a sales forecast for each wine in the upcoming catalog. The forecasting process takes into account both taste considerations and the season of the 2 The \"option negative\" is the idea that a customer places an order by default and needs to act if she does X 1:: Case 2 - Activity Br M00 3 Forecastin * Homework Help - C 9 M rosoft Word - Let X ' Smith X f Matches 6 -> C' 0 6 File I lUserslkenziesmitthownloads/LeclubFrancaisduVin.pdf Q ] 3-} I] a g ,. a Google Q Canvas 5' Outlook 6 SOAR @ AOL Mail Volleymetrics a YouTube I Adobe 0 Quizlet Chegg Microsoft Word - Le Club Francais du Vin - v3.doc intense wines, such as a dark (red) Bordeaux in the winter season, enjoy champagne over Christmas and New Year, and favor fruity white wines and mild Roses in the summer season The Ordering Process Once the forecast of a particular wine is established, Le Club places an order with the wine grower, Ordering occurs several months before publishing the catalog and at a point when little information beyond the wine experts' personal opinions is available, Upon receiving the order, the grower decorates the bottles with a label unique to Le Club and sends the order to Le Club's warehouse in Dijon (some 300km south of Paris). Le Club's exclusive label prevents consumers from comparing prices with supermarkets offerings and allows Le Club to enjoy comfortable gross margins of about 50%. Le Club's shipping and handling cost of 1.25 Euro per bottle are not included in the 50% gross margin (i.e., for a bottle with 10 Euro retail price, Le Club pays about 5 Euro in procurement costs and 1.25 Euro in transportation costs). The Club pays the wine grower 75 days atter having received the shipment', If the forecast of a wine coincides with demandor comes close to itthese payment conditions are very favorable for Le Club. In many cases, the company is able to collect payments from the end customer before settling the bill with the wine-growers However, such desirable cash ows are not always the case, If Le Club has overforecasted sales for the catalog season, excess bottles are stored in the warehouse and are likely to be discounted in a future catalog. As a rule of thumb, Zanella assumes that an overbought white wine needs to be discounted by 40% of its retail price (Le, a 10 Euro bottle would be sold for 6 Euro) to liquidate the inventory, but a red wine on average needs only a 30% discount, as red wine is less perishable (a white wine typically must be sold within two years or disposed). This liquidation is done via Le Club's catalog La Cave (see above) Bottles sold this way will also cost 125 Euro per bottle in shipping and handling On average, Le Club warehouses white wines eight months and red wines 15 months, In addition to Le Club's cost of capital, which Zanella estimates at 15%, there are direct and indirect warehouse operations costs about 010 Euro per month per bottle. If, however, Le Club lacks sufcient supply of a particular wine, it misses almost all of the associated prot margins, Only rarely is it possible for Zanella to place additional orders for wines that he had underforecasted. The Customer Experience Customers ordering wines from the Etiquette catalog (i.e,, those who chose not to receive La Selection but still wanted to purchase wine from Le Club) place their order by mail, phone, fax, or over the internet. As a large portion of Le Club's customers are in their 605, orders by mail are rather common. This key customer segment has been with Le Club for many years. Customers do not have to pay for any shipping and handling costs, A typical customer order consists of 12 bottles of wine of three different types. While customers placing orders by phone and online can directly be informed if a particular wine is out of stock, the majority of Dashboard X Case 2 - Activity Base X MCQ 3 - Forecasting X *Homework Help - Q& X Microsoft Word - Le C X o Mail - Kenzie Smith - (X / Matches X + C D @ File | /Users/kenziesmith/Downloads/LeClubFrancaisduVin.pdf : G Google Canvas . Outlook SOAR Bol. AOL Mail Volleymetrics YouTube Adobe Q Quizlet C Chegg Microsoft Word - Le Club Francais du Vin - v3.doc 4 / 6 90% + customers (mail and fax) are not aware of the availability of wines for their order. Thus, typically, all demand for a wine that remains unfulfilled is lost . Given the complications associated with stock-outs, Le Club aims at high availability for its wines throughout the catalog season. Decision Zanella thought of the more than 200,000 bottles that Le Club currently held in its warehouse. Unfortunately, he thought, we cannot ship the leftover St-Emilion bottles to the customers waiting for a Cotes du Rhone. The Cotes du Rhone (Dne Notre Dame des Pallieres), another red wine, was also featured in the January 2004 catalog. Forecasted to sell 10,000 bottles, It ultimately experienced a demand of over 11,000. Zanella replaced his wine glass with a cup of coffee and opened up his Excel file containing information on demand, wine characteristics, forecast information and realized demands (Exhibit 1) that he uses to track the accuracy of his old forecasts. Reviewing the forecasts for the next catalog season, he set about creating a first draft for the orders he would place with the growers in the coming week (Exhibit 2). Once again, Le Club would offer an exciting new collection of wines. However, the task of forecasting and ordering was not an easy 7. one. 3o Mail - Kenzie Smith - (X / Matches X + Dashboard X Case 2 - Activity Base X MCQ 3 - Forecasting X *Homework Help - Q& X Microsoft Word - Le C X C D @ File | /Users/kenziesmith/Downloads/LeClubFrancaisduVin.pdf : G Google Canvas . Outlook SOAR Bol. AOL Mail Volleymetrics YouTube Adobe Q Quizlet C Chegg Microsoft Word - Le Club Francais du Vin - v3.doc 5 / 6 90% + Retail price Appellation Designation Year Color E per bottle) Forecast Demand COTES DU RHONE (6) Dne Notre Dame des Pallieres 01 Roug 5.90 10,000 11,280 BORDEAUX SUP Ch. Tour Petit Puch Rouge 7.20 1.200 252 LIRAC Domaine Duseigneur (Frs 19,80) 00 Rouge 10.50 900 540 CORBIERES Ch. des Auzines "Les Garrigues" Rouge 6.90 800 864 CARTON PANACHE (4 x 3) Pts Kdo Doubles 8.20 ,000 2.169 POMEROL Ch. Clos Bel Air Roug 22.95 900 1034 GRAVES La Grande Cuvee de Dourthe 01 Rouge 9.95 600 384 HAUT-MEDOC CB Ch. Beyzac 01 Rouge 10.70 400 414 2 BORDEAUX Ch. Bordeneuve 01 Rouge 5.95 1800 612 CARTON PANACHE 4+4+2+ 2 13.74 3960 5436 CHAMBOLLE-MUSIGNY Bouchard Pere et Fils 01 Rouge 33.90 600 528 HAUTES COTES DE BEAUNE Clos de la Chaise Dieu 02 Blanc 10.90 900 1014 MORGON Dne de Gry Sablon - R de Clarisse 02 Rouge 9.50 1200 1500 VDP des Coteaux de L'Ardeche a Reserve Rose du Club 03 Rose 3.30 2500 2,070 VDP des Coteaux de L'Ardeche La Reserve Rouge du Club 02 Rouge 325 3000 2,784 VDP du Comte Tolosan La Reserve Blanc du Club 03 Blanc 3.30 2000 1.974 Bordeaux Reserve du Club 02 Rouge 4.50 2500 4.057 CARTON PANACHEE Les Reserves du Club 359 2600 1,992 IROULEGUY Dne Etxegaraya 01 Rouge 11.90 3000 726 BERGERA Ch. De Fumat (6) 01 Rouge 5.90 800 402 VDP D'OC Chardonnay-Terret M. Laroche 02 Blanc 2500 1380 COTEAUX DU LANGUEDOC Dne Peris 01 Rouge 6.10 900 612 BERGERAC Ch. De Fumat 01 Rouge 5.20 1800 1170 CHINON Wilfrid Rousse 02 Rouge 7.55 1500 960 3 COTEAUX DU GIENNOIS Balland-Chapuis 02 Blanc 7.30 3000 2100 ROSE DE LOIRE Cave des Perrieres 03 Rose 5.50 2300 2934 CHATEAUNEUF DU PAPE Clos de l'Oratoire des Papes 00 Rouge 19.95 300 703 CDR VILLAGES CAIRANNE One Croc de Romet 02 Rouge 8 90 500 480 COTES DU VIVARAIS Beaumont des Gras - C. Prestige 21 Rouge 4.70 2700 1968 CARTON PANACHEE (6+4+2) 13.73 1800 1356 COTES DU JURA V. JAUNE Fruitiere de Voiteur 3 Jaune 29.50 300 324 APREMONT Le Vigneron Savoyard 02 Blanc 7.50 1200 567 COTES DU JURA Chardonnay batonne 0o Blanc 8.90 900 741 SAINT-ESTEPHE Ch. Haut-Corbian 00 Rouge 12.47 2100 1910 FITOU Ch. Lahore-Berge Rouge 6.83 2000 1176 CDR Dne de la Presidente 01 Rouge 5.18 2200 1788 COUR-CHEVERNY Dne de Montcy 99 Blanc 617 900 834 MEDOC Ch. Haut-Lignan 00 Rouge 6.38 2100 2208 RULLY One Briday 01 Blan 9.71 1 100 1191 MONTAGNE ST-EMILION Ch. Les Petites Rangats rouge 10.40 10000 1704 Exhibit 1: Demand forecasts and actual demand (regular price sales only) for the January 2004 catalog. A carton panache is a mixture of several wines. 5Dashboard X Case 2 - Activity Base X MCQ 3 - Forecasting X *Homework Help - Q& X Microsoft Word - Le C X o Mail - Kenzie Smith - (X / Matches X + C D @ File | /Users/kenziesmith/Downloads/LeClubFrancaisduVin.pdf : G Google Canvas . Outlook SOAR Bol. AOL Mail Volleymetrics YouTube Adobe Q Quizlet C Chegg Microsoft Word - Le Club Francais du Vin - v3.doc 6 / 6 90% + Retail price Appellation Designation Year Color per bottle) Forecast FAUGERES L'enclos des Moulins 02 Roug 6.80 12000 GRAVES Ch. Cabannieux 02 Blanc 9.90 750 GRAVES Ch. Haut Pommarede 02 Rouge 8.40 1000 PESSAC LEOGNAN Ch. Haut Nouchet 01 Rouge 18.90 1300 CARTON PANACHE 6+2+4 12.15 3200 BORDEAUX CLAIRET Ch. De Marsan 13 Rose 5.50 4000 3 COTES DE BOURG Ch. Florimond 02 Rouge 7.20 1300 ENTRE DEUX MERS Ch. La Grande Metairie 23 Blanc 5.15 1500 BORDEAUX Ch. Gillet - FIDELITE 02 Rouge 4.65 6000 CARTON PANACHE sauf bordeaux 5.95 6000 Bordeaux Reserve du Club 12 Rouge 4.50 2900 VDP des Coteaux de L'Ardeche La Reserve Rouge du Club Roug 3.25 350 VDP des Coteaux de L'Ardeche La Reserve Rose du Club 03 Rose 3.30 2900 VDP du Comte Tolosar a Reserve Blanc du Club Blanc 3.30 2300 CARTON PANACHEE es Reserves du Club 3.59 3000 CABERNET D'ANJOU Goulaine Rose 5.60 3000 SANCERRE Le Chatillet - Balland Chapuis Blanc 12.00 1800 CHINON Clos des Petites Croix - FIDELITE 02 Rouge 5.85 4500 ALOXE CORTON Ch. Philippe le Hardi Rouge 21.90 1200 BOURGOGNE ALIGOTE Dne des Lauriers 03 Blanc 7.20 1100 GIVRY a Buxynoise Rouge 12.90 900 4 COTEAUX DU LYONNAIS Pot des Voraces - 50 cl Rouge 5.35 30oo CDR Vill RASTEAU Domaine Combe Juliere 02 Rouge 8.90 900 GIGONDAS La Payouse 99 Rouge 13.90 100 COTES DU VENTOUX Gabriel Meffre (6) 03 Rouge 5.60 1200 CARTON PANACHE 9.47 3000 CORBIERES (6) Ch. La Mondiere 01 Rouge 5.70 1300 GAILLAC Dne de Borie Vieille 03 Rouge 5.80 2500 MINERVOIS Domaine des Arcades - FID 00 Rouge 5.21 400 MADIRAN Folie de Roi 01 Rouge 9.00 2000 Exhibit 2: Wine information about the upcoming catalog season. The average gross margin is 50% (i.e. a 10 Euro bottle is purchased from the grower for 5 Euro). 6 A carton panache is a mixture of several wines.7 9 9 0 Tue Jul 5 6:18 PM Excel File Edit View Insert Format Tools Data Window Help Q AutoSave OFF n A E ? C ... 3 Le_Club_data (1).xIs - Compatibility Mode Home Insert Draw Page Layout Formulas Data Review View Tell me Share Comments Insert Arial 8 AA =1 ab Wrap Text v General EX APO. Ex Delete V Z Conditional Format Cell Sort & Find & Analyze Sensitivity Paste B I UVV DVAv E Merge & Center v $ ~ % " Formatting as Table Styles Format v ) v Filter Select Data A1 X V fx Appellation C D E F G H I J K L M N P Q R S T U V W X A B Retail price 1 Appellation Designation Year Color E per bottle) Forecast Demand COTES DU RHONE (6) Dne Notre Dame des Pallieres (12) 01 Rouge 6.20 3,000 4,146 COTES DU RHONE (6) Dne Notre Dame des Pallieres (18 01 Rouge 5.90 3,000 1,764 5.370 COTES DU RHONE (6) Dne Notre Dame des Pallieres (24 01 Rouge 5.60 4,000 5 BORDEAUX SUP Ch. Tour Petit Puch 01 Rouge 7.20 1,200 252 LIRAC Domaine Duseigneur (Frs 19,80) 00 Rouge 10.50 900 7 CORBIERES Ch. des Auzines "Les Garrigues" F 01 Rouge 6.90 800 864 2,100 1,872 8 CARTON PANACHE (4 x 3) Pts Kdo Doubles 8.20 9 CARTON PANACHE (3 x3) 900 297 10 POMEROL Ch. Clos Bel Air Rouge 22.95 900 1034 11 GRAVES La Grande Cuvee de Dourthe 01 Rouge 9.95 600 384 12 HAUT-MEDOC CB Ch. Beyzac 01 Rouge 10.70 400 414 612 13 BORDEAUX Ch. Bordeneuve Rouge 5.95 1800 14 4+4+2+2 13.74 2160 CARTON PANACHE 5064 15 CARTON PANACHE 4+4+2+2 - 10 e d'eco / 2eme ha 12.91 1800 372 16 CHAMBOLLE-MUSIGNY Bouchard Pere et Fils Rouge 33.90 600 528 17 HAUTES COTES DE BEAUNE Clos de la Chaise Dieu 02 Blanc 10.90 900 1014 MORGON Dne de Gry Sablon - R de Clarisse 02 Rouge 9.50 1200 1500 19 VDP des Coteaux de L'Ardeche a Reserve Rose du Club 03 Rose 3.30 2500 2,070 20 VDP des Coteaux de L'Ardeche La Reserve Rouge du Chy 02 Rouge 3.25 3000 2,784 La Reserve Blanc du Club 03 Blanc 3.30 2000 1,974 21 VDP du Comte Tolosan Reserve du Club 02 4.50 22 Bordeaux Rouge 2500 4,057 2600 23 CARTON PANACHEE Les Reserves du Club 1,992 24 IROULEGUY Dne Etxegaray 01 Rouge 11.90 3000 726 25 BERGERA Ch. De Fumat (6) 01 Rouge 5.90 800 402 26 VDPD'OC Chardonnay-Terret M. Laroche 02 Blanc 500 1380 7 COTEAUX DU LANGUEDOC Dne Peris 01 Rouge 6.10 900 612 28 BERGERAC Ch. De Fuma 01 Rouge 5.20 1800 1170 1500 960 CHINON Wilfrid Rousse 02 Rouge 30 COTEAUX DU GIENNOIS Balland-Chapuis 02 Blanc 7.30 3000 2100 31 R ROSE DE LOIRE Cave des Perrieres 03 Rose 5.50 2300 2934 CHATEAUNEUF DU PAPE Clos de l'Oratoire des Papes 00 Rouge 19.95 703 33 CDR VILLAGES CAIRANNE Dne Croc de Romet 02 Rouge 8.90 500 480 34 COTES DU VIVARAIS 5,20 6 Beaumont des Gras - C. Prestige 01 Rouge 4.70 2700 1968 35 CARTON PANACHEE 6+4+2) 13.73 1800 1356 36 COTES DU JURA V. JAUNE Fruitiere de Voiteur 93 Jaune 29.50 300 324 Le Vigneron Savoyard 02 Blanc 7.50 200 567 37 APREMONT 00 Blanc 900 741 38 COTES DU JURA Chardonnay batonne 8.90 39 SAINT-ESTEPHE Ch. Haut-Corbian 00 Rouge 12.47 2100 1910 40 FITOU Ch. Lahore-Berger 00 Rouge 6.83 2000 1176 01 Rouge 5.18 1788 41 CDR Dne de la Presidente 2200 Dne de Montcy Blanc 6.17 900 834 42 COUR-CHEVERNY 43 MEDOC Ch. Haut-Lignan 00 Rouge 6.38 2100 2208 44 RULLY Dne Briday Blanc 9.71 1100 1191 45 MONTAGNE ST-EMILION Ch. Les Petites Rangats (6) 02 rouge 10.90 4000 468 46 MONTAGNE ST-EMILION Ch. Les Petites Rangats (12) rouge 9.90 6000 1, 236 47 48 Figure 1 Figure 2 + + 96% Ready JUL 1 5 W XExcel File Edit View Insert Format Tools Data Window Help 7 9 9 0 Tue Jul 5 6:18 PM AutoSave OFF 3 Le_Club_data (1).xIs - Compatibility Mode Q n A E ? C ... Page Layout Formulas Data Review View Tell me Share Comments Home Insert Draw Insert v Ex AP- O. Arial 8 AA ab Wrap Text v General x Delete v V V Z Sort & Find & Analyze Sensitivity Paste B I UVV vAv E E Merge & Center v $ ~ % " Conditional Format Cell Formatting as Table Styles Format v Filter Select Data A1 X V fx Appellation G H 1 J K L M N P Q R S T U V W A B C D E F Retail price Appellation Designation Year Color (E per bottle) Forecast FAUGERES L'enclos des Moulins (6) Rouge 7.30 2000 FAUGERES L'enclos des Moulins (12 8 8 8 Rouge 6.80 6000 OUT AWN - FAUGERES L'enclos des Moulins (18 Rouge 6.30 4000 GRAVES Ch. Cabannieux Blanc 9.90 750 GRAVES Ch. Haut Pommarede 02 Rouge 8.40 1000 PESSAC LEOGNAN Ch. Haut Nouchet Rouge 18.90 1300 CARTON PANACHE 6+2+4 12 . 15 1600 9 CARTON PANACHE 6+2+4 - 15 E d'eco pour 2eme HA 10.90 1600 10 BORDEAUX CLAIRET Ch. De Marsan 03 Rose 5.50 4000 COTES DE BOURG Ch. Florimond Roug 7.20 1300 12 ENTRE DEUXMERS Ch. La Grande Metairie 03 Blanc 5.15 1500 13 BORDEAUX Ch. Gillet - FIDELITE Rouge 4.65 6000 14 CARTON PANACHE sauf bordeaux 5.95 6000 15 Bordeaux Reserve du Club Rouge 4.50 2900 La Reserve Rouge du Club 8 8 8 16 VDP des Coteaux de L'Ardeche Rouge 3.25 3500 17 VDP des Coteaux de L'Ardeche La Reserve Rose du Club Rose 3.30 2900 La Reserve Blanc du Club 3.30 2300 18 VDP du Comte Tolosa Blanc 19 CARTON PANACHEE Les Reserves du Club 3.59 3000 20 CABERNET D'ANJOU Goulaine 03 5 . 60 3000 21 SANCERRE Le Chatillet - Balland Chapuis Blanc 12.00 1800 22 CHINON Clos des Petites Croix - FIDELITE Rouge 5.85 4500 23 ALOXE CORTON Ch. Philippe le Hard Rouge 21.9 1200 24 BOURGOGNE ALIGOTE One des Lauriers Blanc 7.20 1100 25 GIVRY La Buxynoise Rouge 12.90 900 8 868 88 8 26 COTEAUX DU LYONNAIS Pot des Voraces - 50 cl Rouge 5.35 3000 27 CDR Vill RASTEAU Domaine Combe Juliere Rouge 8.90 900 28 GIGONDAS La Payouse Rouge 13.9 1000 29 COTES DU VENTOUX Gabriel Meffre (6) Rouge 5.60 1200 30 CARTON PANACHE 9.47 3000 31 CORBIERES (6) Ch. La Mondiere 01 Rouge 5 . 7 1300 32 GAILLAC Dne de Borie Vieille 63 Rouge 5 . 80 2500 33 MINERVOIS Domaine des Arcades - FID Rouge 5.21 4000 34 MADIRAN Folie de Roi (6) Rouge 9.50 5000 1515 35 MADIRAN Folie de Roi (12) Rouge 8.55 7000 36 37 38 39 40 41 42 43 44 45 46 47 48 Figure 1 Figure 2 + + 100% Ready JUL 5 W X

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