Question: QUESTION 33 Macy's, an apparel retailer, assigns a 33% holding costs for all of their denim in inventory. Macy's annual inventory turns for denim is

QUESTION 33

Macy's, an apparel retailer, assigns a 33% holding costs for all of their denim in inventory. Macy's annual inventory turns for denim is approx 4 times per year. They sell 350 denim brands. How much does it cost the retailer (per year) to hold a denim item with a costs of $96? Round up to the nearest whole dollar!

QUESTION 34

Explain the correlation between the 3 points of the project management triangle. Provide an example.

QUESTION 35

A DC (distribution center) for Target carries 10,000 items. During a particular week, its customers (retailers or possibly wholesalers) ordered 2,600 different SKUs. The DC only satisfied all demand for 2,500 items. So out of 10,000 SKUs, the DC satisfied 9900 items. What is the In-stock Probability? Leave the answer in decimal form.

QUESTION 36

What is the Stockout Probability for the scenario in question #36? Leave the answer in decimal form.

QUESTION 37

In your own words, briefly describe the make vs buy decision a firm might analyze when building their supply chain(s). Provide a brief example.

QUESTION 38

If a firm has taken a proactive approach to quality control, they are likely to experience which phase(s) of the costs of quality? You can select multiple answers.

		Prevention
		External
		Internal
		Appraisal

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