Sales of cars at the local Auto dealer is 3000 cars per year. The dealer reports inventory turns of 30 per year.

Compute the following:

a. A verage inventory on the dealer s lot

b. The length of time the car sits on the lot before it is sold.

Suppose the dealer wants to increase the customer responsiveness. What actions should he take and how those actions could impact inventory turns, average inventory, days of inventory and supply chain cost?