Question: Internal Business Process Perspective Evaluate your company's performance from an internal business process perspective. Summarize your production department's decisions to improve the following operating outcomes
Internal Business Process Perspective Evaluate your company's performance from an internal business process perspective. Summarize your production department's decisions to improve the following operating outcomes (select at least two outcomes): 1) Contribution Margin Hint: Contribution Margin is the proportion of sales revenues which contributes to overhead and profits, expressed as a percentage. 2) Plant Utilization Hint: Plant Utilization is the percentage of time your plant is being used. If under utilized, you are paying depreciation and interest on underused assets. At 200% utilization, you will not be able to produce additional product, and therefore might miss sales opportunities. 3) Days of Working Capital Hint: Days of Working Capital is your current assets minus current liabilities in days. 4) Stock-out Costs Hint: Stock-out Costs are the lost sales due to stock outs as a percentage of overall sales. 5) Inventory Carrying Costs Hint: Inventory Carrying Costs are the costs of carrying unsold inventory as a percentage of overall sales. explain this broadly with Ferris's products
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