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You are the operation manager for EcoTrend Sneakers, Task: Decide how many pairs of sneakers to order for the upcoming quarter, aiming to maximize sales
You are the operation manager for EcoTrend Sneakers, Task: Decide how many pairs of sneakers to order for the upcoming quarter, aiming to maximize sales while avoiding overstocking beyond storage capacity and staying within budget. Please write out your ordering strategy and any supporting calculations. Don't type more than a couple of paragraphs. Constraints: Average Quarterly Sales (Past Data): 1000 pairs Lead Time for Orders: 1 month Storage Space: Maximum of 1200 pairs of sneakers at any time. Budget: $15,000 for the quarter. Retail Price per Pair: $50 Cost per Pair (COGS): $30 Any excess inventory has to be sold at a 60% discount, it cannot be returned to the supplier. Discussion Points: Tell me your ordering strategy to get through the quarter Discuss the implications of ordering too many or too few sneakers. Explore the impact of lead time on inventory decisions. Consider how changes in sales trends could affect your decision
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