Question: Stukent - Supply Chain - Year 2 , Quarter 1 Additional information to help answer the questions below: - Our inventory policy dictates that we

Stukent - Supply Chain - Year 2, Quarter 1
Additional information to help answer the questions below:
- Our inventory policy dictates that we must always have eight weeks of inventory (or safety stock) on hand at all times but no more than 12 weeks of inventory on hand at all times. With this information in mind, we need you to forecast Aurora Backpack demand and purchase enough inventory to stay within the desired range of weeks of inventory. Remember that Q4 includes the holidays, which impacts demand.
- After selecting a forecasting model, take a look at how many of the backpacks we have on hand right now after receiving last quarter's order. Use this and your forecast to purchase inventory for Q1. Keep in mind that we always aim to have somewhere between 8-11 weeks of inventory on hand that meets our target for at least 10 weeks out of the quarter. We want to avoid dipping below that range while also meeting demand. Review the inventory on hand and in the pipeline to inform your inventory purchases for Q1.
- The lead times on your purchase orders are very important, as orders may populate in the next 13 week period based on the order week and the corresponding lead time. For example: A week 13 order of 3,000 backpacks, with a lead time of 5 weeks, will display as forecasted inventory received in week 18.
- We will track how many weeks out of a quarter you stay within the target range of eight to 12 weeks of inventory. Aim to stay within that range for 10 weeks out of the quarter for optimal results.
- We will consider how well you maintained our allowable net income loss. You should aim to keep net income loss below $5,000. Aim to keep the actual cost of the backpack at or below the standard cost target of $29.75.
**1- Use the information to create purchase orders.
2- Then identify the underperofming legacy supplier and select one of them.
Create Purchase Orders (Wk14-26)
Adam-Jenkins Group
Qualidade Distribucion
Crosby Suppliers, LLC
Lupa Industries Inc.
Stukent - Supply Chain - Year 2 , Quarter 1

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