The owner of the Nordsee restaurant chain that has several locations in Bremen, Germany wants to...
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The owner of the Nordsee restaurant chain that has several locations in Bremen, Germany wants to assess the freshness of the meat used in their burgers and has requested your expertise for the task. Average inventory of raw meat in their centralized production facility is 1,000 pounds and the restaurant chain sells, on average, burgers totaling 500 pounds of meat every day. Question 1- Calculate the freshness of the meat in terms of how many days on average the burger meat spends in the process? Question 2 - If the Nordsee restaurant chain were to reduce the amount of average inventory that they maintain in their centralized production facility from the current amount of 1,000 pounds to 500 pounds, and everything else stays the same what impact would it have on the freshness of the meat in terms of how many days on average the meat spends in the process? The owner of the Nordsee restaurant chain that has several locations in Bremen, Germany wants to assess the freshness of the meat used in their burgers and has requested your expertise for the task. Average inventory of raw meat in their centralized production facility is 1,000 pounds and the restaurant chain sells, on average, burgers totaling 500 pounds of meat every day. Question 1- Calculate the freshness of the meat in terms of how many days on average the burger meat spends in the process? Question 2 - If the Nordsee restaurant chain were to reduce the amount of average inventory that they maintain in their centralized production facility from the current amount of 1,000 pounds to 500 pounds, and everything else stays the same what impact would it have on the freshness of the meat in terms of how many days on average the meat spends in the process?
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Answer rating: 100% (QA)
To calculate the freshness of the meat and answer your questions we need to consider the concept of inventory turnover The inventory turnover is a mea... View the full answer
Related Book For
Business Statistics For Contemporary Decision Making
ISBN: 9781119577621
3rd Canadian Edition
Authors: Ken Black, Ignacio Castillo
Posted Date:
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