Haley Company was founded in 1922 as an electrical manufacturing company. It now has total capital of approximately $64 billion with consolidated net sales of more than $800 billion. The company has multiple business segments, including industrial automation and electronic and mechanical components. Nearly 40% of the company's production is in industrial automation, which relies heavily on the company's patented sensors and control systems. The supply of these parts and sometimes of products is handled through the company's centralized procurement processes and facilities. Besides having significant U.S. operations, Haley also has regional operating centers in Europe, Latin American, Asia Pacific, and India. About 80% of the company's current employees are in overseas subsidiaries. Given its global operations, Haley has a carefully arranged supply chain that allows the company to minimize its procurement and inventory management costs, related to both component parts inventory and product inventory. Two groups of vendors provide different parts needed for production: the first group (6 vendors) and the second group (11 vendors). The company can purchase parts directly from either or both of these two vendor groups. The company's strong relationships with its suppliers are evidence of the intentional choice to reduce its reliance on any specific vendor. Within the United States, Haley has seven major manufacturing sites. The company needs to balance its inventory of component parts and product inventory across locations, except San Francisco and Memphis. These two locations act as distribution hubs for the company and thus generally carry more inventory than other sites. Given your cost accounting expertise, the company asks you to provide an assessment of its current practices to see if it is meeting its stated procurement and inventory goals. You contact the IT service department and receive the following two data sets. Haley Company PO Data Set . Itemid: an identifier for a specific part. Purchaseid: a random number that can be used to identify each transaction. Purchase date: invoice date of the purchase. Qty: quantity ordered. Vendor: the vendor that the order goes to. . Layer: the layer (group) a vendor belongs to. Unit price: unit price of the item ordered. Tol purchase amount: total purchase amount equals quantity ordered times unit price. Haley Company Product Data Set Itemid: an identifier for a specific part. Category: the category of a specific part. In this case, all of them are labeled as "part." Location: location of the warehouse where the part can be found. Datadate: the date when the company counts the part. Qty: number of units of the part in the warehouse. Inventory management cost for the year: total inventory management costs for a specific part in a specific warehouse. Use the Haley Company data sets available in Wiley Course Resources to answer the following questions. Click here to view Haley Company PO dataset Click here to view Haley Company Product dataset What is your assessment of Haley's procurement and inventory situation-is it meeting the company's stated objectives? Explain your answer with supporting evidence. BI VT, TIE E M 16 4 OWord(s) If there are any additional aspects of Haley's situation that you would like to analyze but for which you are missing data, please explai BIT T 99 4 OWord(s)