QUESTION 1 Firms will likely pay less on inventory holding cost as their inventory turns decreases. True False QUESTION 2 Firms...

60.1K

Verified Solution

Question

General Management

QUESTION 1
Firms will likely pay less on inventory holding cost as theirinventory turns decreases.
True
False
QUESTION 2
Firms with higher levels of perishable product, tend keep ahigher Days-of-Supply to prepare for unexpected demand.
True
False
QUESTION 3
While Tier 2 suppliers are not always vendors that amanufacturer would order directly from, it's important that theyperform audits on these vendors.
True
False
QUESTION 4
Decision-making in supply chain is very important becausetactical and strategic decisions can have big impacts on yourprofit margins.
True
False
QUESTION 5
On Average Best Buy keeps about $70,500 worth of HDMI wires intheir store backroom. This last them about 75 days. They sell 7days a week and may have to write off the inventory after 75days.
How many inventory dollars worth of HDMI wires inventory doesBest Buy sell per day?
Could you please be kind enough and answers these questions?Thank you so much for reading this and have a good one!

Answer & Explanation Solved by verified expert

4.3 Ratings (811 Votes)

Answer 1False Explanation If their inventory turnover decreases it means that they are holding the inventory for longer than the measured time periodsThis also indicates that there is poor management of inventory or it decline in See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member