Sales of cars at a local auto dealer total 3000 cars per year. The dealer reports inventory

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Sales of cars at a local auto dealer total 3000 cars per year. The dealer reports inventory turns of 30 per year. Compute

a. Average inventory in the dealer’s lot

b. The length of time the average car sits in the dealer lot before it is sold Suppose the dealer wants to increase his customer responsiveness.

What actions should he take? How will these actions affect inventory turns, average inventory, days of inventory, and supply chain cost?

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Service Systems Engineering And Management

ISBN: 978-0367781323

1st Edition

Authors: A. Ravi Ravindran ,Paul M. Griffin ,Vittaldas V. Prabhu

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Question Posted: Feb 27, 2024 03:11 AM

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Sales of cars at a local auto dealer total 3000 cars per year. The dealer reports inventory

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Auto Dealer Inventory Analysis a Average Inventory We can use the formula for inventory turns to calculate the average inventory Inventory Turns Cost ...View the full answer

Service Systems Engineering And Management

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