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 Quarter
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 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 Q 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 Q Keep in mind that we always aim to have somewhere between weeks of inventory on hand that meets our target for at least 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 Q
The lead times on your purchase orders are very important, as orders may populate in the next week period based on the order week and the corresponding lead time. For example: A week order of backpacks, with a lead time of weeks, will display as forecasted inventory received in week
We will track how many weeks out of a quarter you stay within the target range of eight to weeks of inventory. Aim to stay within that range for 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 $ Aim to keep the actual cost of the backpack at or below the standard cost target of $
Use the information to create purchase orders.
Then identify the underperofming legacy supplier and select one of them.
Create Purchase Orders Wk
AdamJenkins Group
Qualidade Distribucion
Crosby Suppliers, LLC
Lupa Industries Inc.
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