January 2018
Intermediate to advanced
480 pages
236h 9m
English
book
Operations Management: Processes and Supply Chains, 12th Edition
by Lee J. Krajewski, Manoj K. Malhotra, Larry P. Ritzman
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Solved Problem
A firm’s cost of goods sold last year was $3,410,000, and the firm operates 52 weeks per year. It carries seven items in inventory: three raw materials, two work-in-process items, and two finished goods. The following table contains last year’s average inventory level for each item, along with its value.
MyLab Operations Management Video
What is the average aggregate inventory value?
How many weeks of supply does the firm maintain?
What was the inventory turnover last year?
Category
Part Number
Average Level
Unit Value
Raw materials
1
15,000
$3.00
2
2,500
5.00
3
3,000
1.00
Work-in-process
4
5,000
14.00
5
4,000
18.00
Finished goods
6
2,000
48.00
7
1,000
62.00
Solution
-
Part Number
Average ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.