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Inventory turnover =totalaverageinventoryinvestmentcostofgoodssold Percent of assets committed to inventory =totalassetstotalaverageinventoryinvestment Weeks of supply =52weekscostofgoodssoldtotalaverageinventoryinvestment Daily cost of holding the product = annual holding cost product
Inventory turnover =totalaverageinventoryinvestmentcostofgoodssold Percent of assets committed to inventory =totalassetstotalaverageinventoryinvestment Weeks of supply =52weekscostofgoodssoldtotalaverageinventoryinvestment Daily cost of holding the product = annual holding cost product value Suppose you are the operations manager, OM Green, at the fictitious GP Handle Sacks, which has sold sustainably forested paper handle sacks for 50 years. Over the past five years, OM Green and the Procurement Manager, PM Branch, have increased the number of regional raw material suppliers to reduce supply chain risk. GP Handle Sacks implemented supply chain analytics software last year. Using the new software, OM Green was studying the supply chain dashboard of the past 12 months when an email arrived from the Chief Operating Officer, COO Tree. Read over the supply chain dashboard and the email from COO Tree. Then role-play OM Green, calculate and select the correct GP Handle Sack metrics, and select the best comment in order to complete the table as requested. subject: Supply Chain Management Performance OM, To reduce our supply risk, we embarked on a multi-sourcing strategy by increasing our number of different suppliers. We also have increased our number of regional suppliers. I am very pleased with these supply chain management efforts. However, over the past two years, our raw materials inventory has increased dramatically. We may need to make new adjustments in light of the best practice benchmarks that were just released. Our industry trade group just published the best practice benchmarks shown in the Supply Chain Performance Table that I just created in our supply chain analytics software. Complete the Supply Chain Performance Table with the missing data and commen on our performance by tomorrow. Regards, COO Inventory turnover =totalaverageinventoryinvestmentcostofgoodssold Percent of assets committed to inventory =totalassetstotalaverageinventoryinvestment Weeks of supply =52weekscostofgoodssoldtotalaverageinventoryinvestment Daily cost of holding the product = annual holding cost product value Suppose you are the operations manager, OM Green, at the fictitious GP Handle Sacks, which has sold sustainably forested paper handle sacks for 50 years. Over the past five years, OM Green and the Procurement Manager, PM Branch, have increased the number of regional raw material suppliers to reduce supply chain risk. GP Handle Sacks implemented supply chain analytics software last year. Using the new software, OM Green was studying the supply chain dashboard of the past 12 months when an email arrived from the Chief Operating Officer, COO Tree. Read over the supply chain dashboard and the email from COO Tree. Then role-play OM Green, calculate and select the correct GP Handle Sack metrics, and select the best comment in order to complete the table as requested. subject: Supply Chain Management Performance OM, To reduce our supply risk, we embarked on a multi-sourcing strategy by increasing our number of different suppliers. We also have increased our number of regional suppliers. I am very pleased with these supply chain management efforts. However, over the past two years, our raw materials inventory has increased dramatically. We may need to make new adjustments in light of the best practice benchmarks that were just released. Our industry trade group just published the best practice benchmarks shown in the Supply Chain Performance Table that I just created in our supply chain analytics software. Complete the Supply Chain Performance Table with the missing data and commen on our performance by tomorrow. Regards, COO
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