Q3. Explain the following Channel Inventory evaluation measures with examples and solve the associated numerical: SKU Range in a channel Total Inventory Value and Volume in a channel Stock Turnover Ratio (%) Inventory Turns Numerical 5: An apparel retailer holds $600,000 worth of socks in inventory January 1, and $800,000 the following December 31. Revenues generated by sock sales totalled $3.5 million during the year. Calculate inventory turns during the year. Inventory Days Numerical 6: An apparel retailer holds $600,000 worth of socks in inventory January 1, and $800,000 the following December 31. Revenues generated by sock sales totalled $3.5 million during the year. Calculate inventory days during the year. Out of Stock measurement (OOS) Numerical 7: The marketers at Madres Tortillas want to know their OOS (based on ND) given the following data. Calculate their OOS assuming Madres Tortillas is listed in 3 retail outlets in a market of total 4 outlets. FOR THIS QUESTION PLEASE REFER TO 4th TABLE

Outlet All Sales Tortilla Sales Madre's Tortilla Listed/Stocked Padre's Tortilla Listed/Stocked Store 1 $100,000 $1,000 Yes/Yes Yes/No Store 2 $75,000 $500 Yes/No Yes/Yes Store 3 $50,000 $300 Yes/Yes No/No Store 4 $40,000 $400 No/No Yes/No Outlet All Sales Tortilla Sales Madre's Tortilla Listed/Stocked Padre's Tortilla Listed/Stocked Store 1 $100,000 $1,000 Yes/Yes Yes/No Store 2 $75,000 $500 Yes/No Yes/Yes Store 3 $50,000 $300 Yes/Yes No/No Store 4 $40,000 $400 No/No Yes/No