PPT th Edition
|
|
|
- Alexandrina Price
- 6 years ago
- Views:
Transcription
1 PPT th Edition
2 Chapter 13 Buying Systems PPT McGraw-Hill/Irwin 13-2 Levy/Weitz: Retailing Management, 5/e Copyright 2004 by The McGraw-Hill Companies, Inc. All rights reserved.
3 Merchandise Management Retail Communication Mix Planning Merchandise Assortments Buying Systems Buying Merchandise Pricing PPT 13-3
4 PPT 13-4 Merchandise Management Issues
5 Types of Buying Systems Staple Merchandise Predictable Demand History of Past Sales Relatively Accurate Forecasts Fashion Merchandise Unpredictable Demand Limited Sales History Difficult to Forecast Sales PPT 13-5
6 Staple Merchandise Buying System Forecast SKU Sales Order Merchandise Monitor Sales and Inventory Compare Inventory to Basic Stock List PPT 13-6
7 Considerations in Determining Basic Stock Plan Present Inventory Merchandise on Order Sales Forecast How Much to Order Rate of Sales of SKU (Velocity) Seasonality PPT 13-7
8 Inventory Management Report for Rubbermaid Merchandise PPT 13-8
9 Basic Stock List Indicates the Desired Inventory Level for Each SKU Amount of Stock Desired Cost of Carrying Inventory Lost Sale Due to Stockout PPT 13-9
10 Inventory investment Dollars Relationship between Inventory Investment and Product Availability Product Availability (Percent) PPT 13-10
11 Units Available Cycle and Buffer Stock Order Cycle Stock 50 - Buffer Stock Weeks PPT 13-11
12 Buffer Stock We need it so we won t loose sales, complementary sales, and customers Buffer stock is dependent on: -Forecast interval variance (Forecast interval = lead time + review time) -Variation in Demand (actual demand - forecasted demand) -Time to Get Product from Supplier -Time to Get Product from Distribution Center - Product availability requested of IM systems PPT 13-12
13 Forecasting Demand Forecasting -- extrapolating the past into future using statistical and mathematical methods Objectives: Ignore random fluctuations in demand But be responsive to real change PPT 13-13
14 Forecasting Sales Tradeoff Recent Sales Against Past History of Sales Recognize Recent Trends, But Don t Over Weight Recent Experience Exponential Smoothing Old = Old + ά x (Recent Old) Forecast Forecast Demand Forecast 84 = x (72 96) ά ranges for 0 to 1 Higher ά Weighs Recent Sales More PPT 13-14
15 Order Point Order point = the point at which inventory available should not go below or else we will run out of stock before the next order arrives. Assume Lead time = 0, Order point = 0 Assume Lead time = 3 weeks, review time = 1 week, demand = 100 units per week Order point = demand (lead time + review time) + buffer stock Order point = 100 (3+1) = 400 PPT 13-15
16 Order Point continued Assume Buffer stock = 50 units, then Order point = 100 (3+1) + 50 = 450 We will order something when order point gets below 450 units. PPT 13-16
17 Calculating the Order Point Order Point = (Demand/Day) x (Lead Time +Review Time) + Backup Stock 167 units = (7 units x ( days) + 20 units So Buyer Places Order When Inventory in Stock Drops Below 167 units PPT 13-17
18 Merchandise Budget Plan Plan for the financial aspects of a merchandise category Specifies how much money can be spent each month to achieve the sales, margin, inventory turnover, and GMROI objectives. Not a complete buying plan--doesn t indicate what specific SKUs to buy or in what quantities. PPT 13-18
19 PPT Six-Month Merchandise Budget Plan for Men s Tailored Suits
20 Steps in Preparing Plan Forecast Six Month Sales for Category Breakdown Total Sales Forecast into Forecast for each Month (lines 1, 2) Plan Reductions for Each Month (lines 3, 4) Determine Beginning of the Month (BOM) Stock to Sales Ratio (line 5) Calculate BOM Inventory (line 6) Calculate EOM Inventory (line 7) Calculate Monthly Additions to Stock (line 8) PPT 13-20
21 Open to Buy Monitors Merchandise Flow Determines How Much Was Spent and How Much is Left to Spend PPT 13-21
22 PPT Six Month Open to Buy
23 Open-to-buy for Past Periods Projected EOM stock = actual EOM stock Open-to-buy = 0 There is no point in buying merchandise for a month that is already over. PPT 13-23
24 Open-to-Buy for Current Period (I) Projected EOM stock = Actual BOM stock + Actual monthly additions to stock (what was actually received) + Actual on order (what is on order for the month) - Plan monthly sales - Plan reductions for the month PPT 13-24
25 Open-to-Buy for Current Period (II) Open-to-buy = Planned EOM stock (from merchandise budget plan) Projected EOM stock (based on what is really happening) PPT 13-25
26 Allocating Merchandise to Stores Fewer Sales, More Sales, More Inventory Less Inventory Percentage of total sales Percentage of total inventory PPT 13-26
27 Breakdown by Store of Traditional $35 Denim Jeans in Light Blue (1) (2) (3) (4) (5) (6) TYPE OF STORE NUMBER OF STORES % OF TOTAL SALES, EACH STORE SALES PER STORE (TOTAL SALES X COL. 3) SALES PER STORE TYPE (COL. 2 X COL. 4) UNIT SALES PER STORE (COL. 4/$35) A % $15,000 60, B ,000 30, C ,500 60, Total sales $150,000 Source: Banner Distributing Company, Denver, Colorado; used with permission. PPT 13-27
28 ABC Analysis Rank - orders merchandise by some performance measure determine which items: should never be out of stock. should be allowed to be out of stock occasionally. should be deleted from the stock selection. PPT 13-28
29 Analyzing Merchandise Management Merchandise Performance ABC Analysis Sell Through Analysis Vendor Analysis Multiattribute Method PPT 13-29
30 ABC Analysis Rank Merchandise By Performance Measures Contribution Margin Sales Dollars Sales in Units Gross Margin GMROI Use more than one criteria PPT 13-30
31 Percentage of Sales Dollars ABC Analysis for Dress Shirts C 10% B 20% Sales 60 A 50 70% No Sales A B C D 5% 10% 65% 20% Percentage of Items PPT 13-31
32 Sell-through Analysis for Blouses Week 1 Week 2 Stock Actual-to-Plan Actual-to-Plan Number Description Plan Actual Percent. Plan Actual Percent Sm White silk V-neck Med White Silk V-neck Lg White Silk V-neck Sm Blue Silk V-neck Med Blue Silk V-neck Lg Blue Silk V-neck PPT 13-32
33 Evaluating a Vendor: A Weighted Average Approach n I * P j ij = Sum of the expression i 1 I j P i = Importance weight assigned to the ith dimension = Performance evaluation for jth brand alternative on the jth issue 1 = Not important PPT = Very important
34 Evaluating a Vendor: A Weighted Average Approach Performance Evaluation of Individual Brands Across Issues Importance Evaluation Brand A Brand B Brand C Brand D Issues of Issues (I) (P a ) (P b ) (P c ) (P d ) (1) (2) (3) (4) (5) (6) Vendor reputation Service Meets delivery dates Merchandise quality Markup opportunity Country of origin Product fashionability Selling history Promotional assistance n Overall evaluation = i 1 Ij * P ij PPT 13-34
35 Retail Inventory Method (RIM) Two Objectives: To maintain a perpetual or book inventory of retail dollar amounts. To maintain records that make it possible to determine the cost value of the inventory at any time without taking a physical inventory. PPT 13-35
36 Advantages of RIM The retailer doesn't have to cost each time. Follows the accepted accounting practice of valuing assets at cost or market, whichever is lower. PPT 13-36
37 Advantages of RIM cont d Amounts and percentages of initial markups, additional markups, markdowns, and shrinkage can be compared with historical records or industry norms. Useful for determining shrinkage. Can be used in an insurance claim case of a loss. PPT 13-37
38 Disadvantages of RIM System that uses average markup. Record keeping process involved is burdensome. PPT 13-38
39 Steps in RIM Calculate Total Merchandise Handled at Cost and Retail Calculate Retail Reductions Calculate Cumulative Markup and Cost Multiplier Determine Book Inventory at Cost and Retail PPT 13-39
40 Retail Inventory Method Cumulative Markon = (total retail - total cost) / total retail: ($290,000 - $160,000) / $290,000 = 44.8% The Cost Multiplier = cumulative markon (100% - cumulative markon%) = 55.2% Ending book = total goods handled at retail - total inventory at retail reductions: $290,000 - $208,000 = $82,000 Ending book = ending book inventory at retail x cost inventory at cost multiplier: $82,000 x 55.2% = 45,264 PPT 13-40
41 Retail Inventory Method Example Total Goods Handled Cost Retail Beginning inventory $ 60,000 $ 84,000 Purchases 50,000 70,000 - Return to vendor (11,000) (15,400) Net Purchases 39,000 54,600 Additional markups 4,000 - Markup cancellations (2,000) Net markups 2,000 Additional Transport. 1,000 Transfers in 1,428 2,000 - Transfers out (714) (1,000) Net Transfers 714 (1,000) Total Goods Handled $100,714 $141,600 PPT 13-41
42 Retail Inventory Method Example Total Goods Handled Cost Retail Gross Sales $ 82,000 - Consumer Returns & Allowances ( 4,000) Net Sales $ 78,000 Markdowns 6,000 - Markdown Cancellation (3,000) Net Markdown 3,000 Employee Discounts 3,000 Discounts to Customers 500 Estimated Shrinkage 1,500 Total Reductions $ 86,000 PPT 13-42
Planning Merchandise Assortments
Chapter 12 Planning Merchandise Assortments PPT McGraw-Hill/Irwin 12-1 Levy/Weitz: Retailing Management, 5/e Copyright 2004 by The McGraw-Hill Companies, Inc. All rights reserved. The Category A category
Open-to-Buy Made Simple
Open-to-Buy Made Simple Running Conference 2006 Presented By : James E. Dion Sponsored by ASICS OTB Myths OTB is only for fashion stores OTB does not work with basics OTB is complex and constraining OTB
Understanding Inventory Fundamentals
CHAPTER SEVEN Understanding Inventory Fundamentals McGraw-Hill/Irwin Copyright 2011 by the McGraw-Hill Companies, Inc. All rights reserved. Where We Are Now Relationships Sustainability Globalization Organizational
Chapter Nine: Merchandise Buying and Handling
Chapter Nine: Merchandise Buying and Handling Different is what sells. Our customers want to go into a place of business that's different. They want to shop at stores that stock diverse merchandise and
Financial Accounting. John J. Wild. Sixth Edition. Copyright 2013 by The McGraw-Hill Companies, Inc. All rights reserved.
Financial Accounting John J. Wild Sixth Edition McGraw-Hill/Irwin Copyright 2013 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 04 Reporting and Analyzing Merchandising Operations Conceptual
Entrepreneurship 2013 Chapter 15: Purchases and Inventory Management
Chapter 15: Purchases and Inventory Management Tools: Printer 8.5 x 11 paper Scissors Directions: 1. Print 2. Fold paper in half vertically 3. Cut along dashed lines Copyright Goodheart-Willcox Co., Inc.
Fundamentals of Retail E-learning Suite
Fundamentals of Retail E-learning Suite Background RST66 Whether sales, marketing, consulting, development or implementation, the vendors whose people know their customer s industry achieve better results
Role of Inventory in the Supply Chain. Inventory categories. Inventory management
Inventory management Role of Inventory in the Supply Chain Improve Matching of Supply and Demand Improved Forecasting Reduce Material Flow Time Reduce Waiting Time Reduce Buffer Inventory Economies of
Financial Accounting. John J. Wild. Sixth Edition. Copyright 2013 by The McGraw-Hill Companies, Inc. All rights reserved.
Financial Accounting John J. Wild Sixth Edition McGraw-Hill/Irwin Copyright 2013 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 05 Reporting and Analyzing Inventories Conceptual Chapter
LPA Retail System s 2012 User Fair
LPA Retail System s 2012 User Fair LPA BUSINESS MEASUREMENTS LPA Measuring what Matters to Reach your Business Goals Increase Revenue Decrease Costs Improve Accountability Improve ability to make informed
4 th Edition ISBN TABLE OF CONTENTS. 1. Introduction Glossary of Terms Used in Retail Math Made Simple 5
4 th Edition ISBN 0-9739-1411-4 TABLE OF CONTENTS 1. Introduction 3 2. Glossary of Terms Used in Retail Math Made Simple 5 3. Key Performance Indicators 12 4. Commonly Used Formulas 23 5. Open to Buy (Definitions,
Intermediate Accounting IFRS Edition Kieso, Weygandt, and Warfield 9-2
9-1 C H A P T E R 9 INVENTORIES: ADDITIONAL VALUATION ISSUES Intermediate Accounting IFRS Edition Kieso, Weygandt, and Warfield 9-2 Learning Objectives 1. Describe and apply the lower-of-cost-or-net realizable
ACCOUNTING FOR MERCHANDISING ACTIVITIES
Chapter 6 ACCOUNTING FOR MERCHANDISING ACTIVITIES Presented by: Endra M. Sagoro Economic Faculty YSU endra_ms@uny.ac.id Operating Cycle of a Merchandising Company Cash Accounts Receivable 2. Sale of merchandise
Improved Retail Performance through Merchandise Planning Solutions
Improved Retail Performance through Merchandise Planning Solutions 1/16 Web: www.quickbornconsulting.com EXECUTIVE SUMMARY The Demand to meet changing business needs is greater than ever; retailers are
THE PSYCHOLOGY OF PRICE (THE MARKUP & MARKDOWN GAME) Presenter: PAUL ERICKSON
THE PSYCHOLOGY OF PRICE (THE MARKUP & MARKDOWN GAME) Presenter: PAUL ERICKSON initial markup (IMU) Which is the Highest Markup? A. Keystone B. Flintstone C. The Buyer was stoned D. Tombstone difference
Using GMROI to Evaluate Purchasing Quantity Price Breaks
Using GMROI to Evaluate Purchasing Quantity Price Breaks David J. Armstrong, Principal Inventory Curve LLC www.inventorycurve.com An Inventory Curve Management Guide Copyright David J. Armstrong, 2013
International Retail Management
Merchandising Developing Merchandise Plans International Retail Management Activities involved in acquiring particular goods/ services and making them available at the places, times, prices, and in the
consumption function
1 Every day you make choices on what to do with the money you have. Should you splurge on a restaurant meal or save money by eating at home? Should you buy a new car, if so how expensive of a model? Should
CHAPTER 6. Inventory Costing. Brief Questions Exercises Exercises 4, 5, 6, 7 3, 4, *14 3, 4, 5, 6, *12, *13 7, 8, 9, 10, 11, 12, 13
CHAPTER 6 Inventory Costing ASSIGNMENT CLASSIFICATION TABLE Study Objectives Brief Questions Exercises Exercises Problems Set A Problems Set B 1. Describe the steps in determining inventory quantities.
INVENTORY AND ECONOMIC ORDER QUANTITY MODELS
INVENTORY AND ECONOMIC ORDER QUANTITY MODELS Types of Demand Retailers and distributors must manage independent demand items-that is, items for which demand is influenced by market conditions and isn t
INVENTORIES AND COST OF SALES
Chapter 06 INVENTORIES AND COST OF SALES PowerPoint Authors: Susan Coomer Galbreath, Ph.D., CPA Charles W. Caldwell, D.B.A., CMA Jon A. Booker, Ph.D., CPA, CIA Cynthia J. Rooney, Ph.D., CPA McGraw-Hill/Irwin
PREVIEW OF CHAPTER 9-2
9-1 PREVIEW OF CHAPTER 9 9-2 Intermediate Accounting IFRS 2nd Edition Kieso, Weygandt, and Warfield 9 Inventories: Additional Valuation Issues LEARNING OBJECTIVES After studying this chapter, you should
Cost Accounting. Multiple Choice Questions:
Multiple Choice Questions: 1- The Value Chain a- Involves external companies as well as internal activities. b- Is the sequence of business functions in which customer usefulness is added to products or
Ross Stores, Inc. Investor Overview November 2017
Ross Stores, Inc. Investor Overview Disclosure of Risk Factors Forward-Looking Statements: This presentation contains forward-looking statements regarding expected sales, earnings levels, and other financial
CIPS Exam Report for Learner Community:
CIPS Exam Report for Learner Community: Qualification: Diploma in Procurement and Supply Unit: Contexts of Procurement and Supply Exam series: November 2016 Each element of a question carries equal weighting
Arrest Margin Erosion by Optimizing the
Arrest Margin Erosion by Optimizing the Five Ps of Fashion Retailing Savvy retailers know that one of the key success factors is management and maximization of margin. Top-line sales get the cash registers
Industry Retail. White Paper. White Paper Get closer to customer with next generation planogram
Industry Retail White Paper White Paper Introduction Today s consumer goods market is flooded with products has given choices to consumer than ever before. And growing customer s exposure to highly fragmented
Business Plan Template (For a Start-up Business)
Business Plan Template (For a Start-up Business) Your Business Name ABN Number Address Line 1 Address Line 2 City, State Postcode Telephone Fax E-Mail 1/15 Table of Contents Table of Contents... 2 Executive
Kianoff & Associates Crystal Clear Reports for Sage 100
Kianoff & Associates Crystal Clear Reports for Sage 100 We have developed Crystal Reports for all current versions of Sage 100 and are available for most all modules. Accounts Payable BP801- Vendor File
ACTIONABLE INSIGHT FOR RETAIL AND CPG PRICING ANALYTICS, CUSTOMER BEHAVIOUR
ACTIONABLE INSIGHT FOR RETAIL AND CPG PRICING ANALYTICS, CUSTOMER BEHAVIOUR Marketing Optimisation Marketing Automation Personalised Experience PLAN BUY MOVE SELL Cross Channel CUSTOMER Retail Customer
RETAILING (409) DESCRIPTION STANDARDS, OBJECTIVES, AND INDICATORS STUDENTS WILL UNDERSTAND THE RETAILING BUSINESS AND THE FUNDAMENTALS
DESCRIPTION Retail Management is a program that will prepare the student to operate businesses that sell, rent, or lease goods and services. This course will provide insight into the theory and application
Chapter 11 Vendors & Purchases. Copyright 2009 by The McGraw-Hill Companies, Inc. All Rights Reserved.
Chapter 11 Vendors & Purchases McGraw-Hill/Irwin Copyright 2009 by The McGraw-Hill Companies, Inc. All Rights Reserved. Vendors & Purchases Chapter 11 begins Part 3 of the book: Peachtree Complete Accounting
Innovative Marketing Ideas That Work
INNOVATIVE MARKETING IDEAS THAT WORK Legal Disclaimer: While all attempts have been made to verify information provided in this publication, neither the Author nor the Publisher assumes any responsibility
Chapter 7 Condensed (Day 1)
Chapter 7 Condensed (Day 1) I. Valuing and Cost of Goods Sold (COGS) II. Costing Methods: Specific Identification, FIFO, LIFO, and Average Cost III. When managers use FIFO, LIFO, and Average Cost IV. Lower-of-Cost-or-Market
Inventories. 2. Explain the accounting for inventories and apply the inventory cost flow methods.
6-1 Chapter 6 Inventories Learning Objectives After studying this chapter, you should be able to: 1. Describe the steps in determining inventory quantities. 2. Explain the accounting for inventories and
INTRODUCTION. Professional Accounting Supplementary School (PASS) Page 1
INTRODUCTION Under the new CPA certification program, management accounting has become very important on the CFE and it will therefore be critical for students to have a strong grounding in this area.
Chapter 2 An Introduction to Cost Terms and Purposes
Chapter 2 An Introduction to Cost Terms and Purposes Copyright 2003 Pearson Education Canada Inc. Slide 2-15 Costs and Cost Objects Cost a resource sacrificed or foregone to achieve a specific objective
Open to Buy: New and Improved
Table of Contents Introduction... 2 Running the Open to Buy Wizard... 2 Results... 4 5 September 2017 TIP-2017-090 1 Introduction The Open to Buy wizard is far more than a report. It creates an entire
FM: Fashion Business Management
FM: Fashion Business Management FM 114 Introduction to the Fashion Industry This survey covers the history, characteristics, and global interrelationships of all segments of the fashion industry. The course
Chapter 5: Merchandising Operations and the Multiple-Step Income Statement
Vocabulary Quiz 1. A detailed inventory system in which the cost of each inventory item is maintained and the records continuously show the inventory that should be on hand. 2. A reduction given by a seller
Written Paper. Global Perspectives. Written Paper
Component 3 Written Paper Global Perspectives Written Paper Contents Paper 3 Specimen paper Paper 3 Specimen insert Paper 3 Specimen mark scheme Cambridge IGCSE Global Perspectives Written Paper 1 UNIVERSITY
CHAPTER 8. Valuation of Inventories: A Cost-Basis Approach 1, 2, 3, 4, 5, 6, 7, 8, 11, 12, 14, 15, 16
CHAPTER 8 Valuation of Inventories: A Cost-Basis Approach ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Topics Questions Brief Exercises Exercises Problems Concepts for Analysis 1. Inventory accounts; determining
OH WHERE, OH WHERE HAS MY PROFIT GONE? Monte Zwang
OH WHERE, OH WHERE HAS MY PROFIT GONE? Monte Zwang REMEMBER THE BUSINESS PLAN? WHAT WERE YOU EXPECTING? Revenue Growth Profitability What tools were in place to tell you if you were on target or close?
Distribution Measures
Distribution Measures This module covers the concepts of numeric distribution, all commodity volume (ACV), product category volume (PCV) and out-of-stocks. Author: Paul Farris Marketing Metrics Reference:
Price Optimization. Ioana Crisan, SAS Global Retail. Copyright SAS Institute Inc. All rights reserved.
Price Optimization Ioana Crisan, SAS Global Retail Why is pricing still a topic? 1/3 2/3 Price conscious Delighted Set the right pricing strategy for each product life cycle? Create customer-centric assortments
STUDENT COURSE INFORMATION
STUDENT COURSE INFORMATION FANSHAWE COLLEGE OF APPLIED ARTS AND TECHNOLOGY HEALTH SCIENCES JANUARY 2010 PHRM-1005 -- PHARMACY INVENTORY Duration: 30 total course hours Credit Units: 2.00 *NOTE: The hours
Using Effective Promotions
Chapter 16 Using Effective s McGraw-Hill/Irwin Copyright 2014 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter Sixteen NAME that COMPANY This beverage company has 8.5 million Facebook fans.
Trade and Logistics II in Microsoft Dynamics AX 2009 Course 80025A: 3 Days; Instructor-Led
Trade and Logistics II in Microsoft Dynamics AX 2009 Course 80025A: 3 Days; Instructor-Led About this Course The two-day Microsoft Dynamics AX 2009 Trade & Logistics II, course introduces advanced Trade
District > Basic > Marketing Education > Retailing ( ) (District) > Juett, David
Granite School District (08.0705) (District) District > Basic > Marketing Education > (08.0705) (District) > Juett, David Unit Essential Questions Content Skills Vocabulary Formative The World of (Week
Information on each item in your inventory is kept in the Item file. This document explains how to enter items into this file.
1 Inventory: Using CounterPoint Defining Items Overview Defining an item Information on each item in your inventory is kept in the Item file. This document explains how to enter items into this file. Select
MERCHANDISE INTELLIGENCE DAN MITCHELL, RETAIL INDUSTRY GLOBAL PRACTICE
MERCHANDISE INTELLIGENCE DAN MITCHELL, RETAIL INDUSTRY GLOBAL PRACTICE SAS Retail Localization, Personalization.and Relevance Customer Analytics Merchandise Intelligence Customer Intelligence KNOW PLAN,
Accounting for Merchandising Operations
5-1 Chapter 5 Accounting for Merchandising Operations Learning Objectives After studying this chapter, you should be able to: 1. Identify the differences between service and merchandising companies. 2.
SUPPLY CHAIN CONSIDERATIONS FOR MANUFACTURERS
SUPPLY CHAIN CONSIDERATIONS FOR MANUFACTURERS Joanna Walker 26 th September 2017 Joanna Walker supporting Food Manufacturers to win and grow business with Retailers www.purple-basil.co.uk Agenda for today
Inventory Management
Inventory Management Inventory Inventory is the stock of any item or resource used in an organization. Inventory include: raw materials, finished products, component parts, supplies, and work-in-process
CHAPTER 6. Inventories ASSIGNMENT CLASSIFICATION TABLE For Instructor Use Only 6-1. Brief. B Problems. A Problems 1, 2, 3, 4, 5
CHAPTER 6 Inventories ASSIGNMENT CLASSIFICATION TABLE Study Objectives Questions Brief Exercises Exercises A Problems B Problems 1. Describe the steps in determining inventory quantities. 1, 2, 3, 4, 5
What Drives Dairy Purchases at Retail Today and Tomorrow? Elite Producer Business Conference November 9, 2010
What Drives Dairy Purchases at Retail Today and Tomorrow? Elite Producer Business Conference November 9, 2010 Session Goals I. Provide an overview of the current shopper and retail environment II. Demonstrate
Forecasting Survey. How far into the future do you typically project when trying to forecast the health of your industry? less than 4 months 3%
Forecasting Forecasting Survey How far into the future do you typically project when trying to forecast the health of your industry? less than 4 months 3% 4-6 months 12% 7-12 months 28% > 12 months 57%
The lead-time gap. Planning Demand and Supply
Planning Demand and Supply The lead-time gap Reducing the gap by shortening the logistics lead time while simultaneously trying to move the order cycle closer through improved visibility of demand. Copyright
Abstract. Table of contents. White Paper Managing the problem of carcass balance in the meat and poultry industries
White Paper Managing the problem of carcass balance in the meat and poultry industries Abstract The meat industry faces a unique planning challenge: how to achieve carcass balance in sales. Demand for
Accounting for Merchandising Operations
5-1 Chapter 5 Accounting for Merchandising Operations Learning Objectives After studying this chapter, you should be able to: 1. Identify the differences between service and merchandising companies. 2.
Intuit QuickBooks Enterprise Solutions 11.0 Complete List of Reports
Intuit QuickBooks Enterprise Solutions 11.0 Complete List of Reports Intuit QuickBooks Enterprise Solutions is the most advanced QuickBooks product for businesses with more complex needs. It offers advanced
Lecture Series: Consumer Electronics Supply Chain Management
Lecture Series: Consumer Electronics Supply Chain Management Mohit Juneja i2 Technologies Divakar Rajamani, Ph.D. University of Texas at Dallas Center for Intelligent Supply Networks () 2003 Mohit Juneja
MARKETPLACES DATA SHEET. How our organization uses ChannelAdvisor: We use marketplaces to expand our footprint and brand awareness.
MARKETPLACES DATA SHEET Third-party marketplaces like Amazon, ebay, Walmart and Jet account for a growing portion of global online retail sales. Online retailers of all sizes are recognizing the profit
CHAPTER 6. Inventories 12, 13, , , 11 16, , 13
CHAPTER 6 Inventories ASSIGNMENT CLASSIFICATION TABLE Study Objectives Questions Brief Exercises Do It! Exercises A Problems B Problems 1. Describe the steps in determining inventory quantities. 1, 2,
Topics covered. 1. Components of typical supply chain 2. IT and supply chain 3. Successful supply chain management system 4. SCM planning and strategy
Proses Bisnis dan Informasi Suryo Widiantoro, ST, MMSI, M.Com(IS) 1 Topics covered 1. Components of typical supply chain 2. IT and supply chain 3. Successful supply chain management system 4. SCM planning
1). Fixed cost per unit decreases when:
1). Fixed cost per unit decreases when: a. Production volume increases. b. Production volume decreases. c. Variable cost per unit decreases. d. Variable cost per unit increases. 2). Prime cost + Factory
S&OP, Integrated Planning and Supply Chain Excellence
S&OP, Integrated Planning and Supply Chain Excellence Rotterdam, November 17, 2016 Dr. Richard Pibernik Professor of Logistics & Quantitative Methods University of Würzburg Adjunct Professor of Supply
Welcome to: FNSACC507A Provide Management Accounting Information
Welcome to: FNSACC507A Provide Management Accounting Information Week 1 Chapter 1 COST CONCEPTS FNSACC507A Provide Management Accounting Information By the end of this lesson, you will be able to 1. Explain
To skip to Table of Contents. Module # 03. Channel Markups. links to an AV for a case or topic! gopala "GG" ganesh, ph.d. m&m_m03
To skip to Table of Contents Module # 03 Channel Markups links to an AV for a case or topic! 1 This presentation requires.. Internet Explorer or Firefox or Chrome browser Adobe Reader 9.0 or better MS
Inventory Control Models
Chapter 6 Inventory Control Models uantitative Analysis for Management, Tenth Edition, by Render, Stair, and Hanna 2008 Prentice-Hall, Inc. Introduction Inventory is any stored resource used to satisfy
Manufacturing Efficiency Guide DBA Software Inc.
Contents 3 Table of Contents 1 Introduction 5 2 What Is Manufacturing Efficiency? 7 3 The Seven Essential Processes 8 4 Essential #1 - Plan a Strategic Inventory 1 Strategic Inventory - Overview 10 11
Chapter 9 Inventory. Inventory Procedures (verb) Inventory in accounting (noun)
Chapter 9 Inventory Inventory can be a noun or a verb. As a noun, it means the quantity of goods and materials that an activity has on hand at any given time. As a verb, it means the process of counting
Beyond Pareto: 12 Standard Principles of Inventory and Forecasting. Thomas L. Freese, Principal. Freese & Associates, Inc. Freese & Associates, Inc.
Beyond Pareto: 12 Standard Thomas L. Freese, Principal Twelve Steps Inventory Carrying costs Concepts Make-to-order or stock A B C Accuracy Cycle counting Reordering Valuation Safety stocks Demand Variability
DEFINING REVERSE LOGISTICS PLATFORMS
DEFINING REVERSE LOGISTICS PLATFORMS WHAT ARE THEY AND HOW DO THEY WORK? WHITE PAPER 2017 INTRODUCTION Driven by the desire to capture savings throughout the entire supply chain, retailers and consumer
After studying this chapter you will be able to
3 Demand and Supply After studying this chapter you will be able to Describe a competitive market and think about a price as an opportunity cost Explain the influences on demand Explain the influences
Cost Analysis and Estimating for Engineering and Management
Cost Analysis and Estimating for Engineering and Management Chapter 8 Product Estimating Ch 8-1 Overview Processes for Determining Price Bottom Up and Top Down Using Productive Hour Costs Learning in Product
7 SECRETS TO COMPETE & WIN AGAINST THE DEPARTMENT STORES. Paul Erickson RMSA Retail Solutions
7 SECRETS TO COMPETE & WIN AGAINST THE DEPARTMENT STORES Paul Erickson RMSA Retail Solutions . SALES PER SQUARE FOOT SLIPPED 2.4% TO $383 LAST YEAR APRIL IN STORE FOOT TRAFFIC DOWN 6.5% Looking to buy
Chapter 5 Demand Forecasting
Chapter 5 Demand Forecasting TRUE/FALSE 1. One of the goals of an effective CPFR system is to minimize the negative impacts of the bullwhip effect on supply chains. 2. The modern day business environment
TEACHER : Markups, Discounts & Taxes
Summary Student will learn how to multiply by the growth factor (1 ± growth rate) and growth rate that result in a percent increase or decrease. We start by having students observe that when you o multiply
EXCESS CAPACITY EXCHANGE
EXCESS CAPACITY EXCHANGE Automated Sales Platform for selling off all your products in 24 hours. 100% GUARANTEED! Every day, there is $34 trillion of excess production capacity, idle space, unsold products
1. Introduction to International Retail Strategy
1. Introduction to International Retail Strategy Retail Strategy Module David F. Miller Center for Retailing Education and Research page 1 Questions What is a retailing strategy? How can a retailer build
EIM. Jon Schreibfeder Effective Inventory Management, Inc.
EIM Jon Schreibfeder Effective Inventory Management, Inc. Effective Inventory Management enables a company to meet or exceed customers expectations of product availability with the amount of each item
Social Media Is More Than a Popularity Contest
Capturing Attention, Building Relationships, and Making Sales in a Digital World Social media doesn t sell cars is still a common perception in the automotive industry. The truth? It doesn t, directly
Justifying Advanced Finite Capacity Planning and Scheduling
Justifying Advanced Finite Capacity Planning and Scheduling Charles J. Murgiano, CPIM WATERLOO MANUFACTURING SOFTWARE 1. Introduction How well your manufacturing company manages production on the shop
Predictive. Prescriptive. Profitable Retailing.
Predictive. Prescriptive. Profitable Retailing. Today s shoppers have infinite purchasing options. What they want is a compelling, inspiring experience as they:... Price check, compare products, and shop
How to Evaluate Parts Department Performance: A Consultant's View
How to Evaluate Parts Department Performance: A Consultant's View How GMs & Parts Managers alike can dissect the Parts Dept performance to find areas and strategies for improvement With Richard Owen, Fixed
What Is the Retail Method of Accounting?
The retail method of accounting (RMA) has long been a convenient option for retailers that wish to quickly calculate the value of their inventories and goods sold. Invented before the introduction of computerized
EPC/RFID in Action at Best Buy
EPC/RFID in Action at Best Buy Paul Freeman RFID Director, Best Buy April 11, 2005 April 15, 2005 1 About Best Buy Best Buy Co., Inc. (NYSE: BBY) Fortune 100 growth company $27 Billion in sales revenue
Do I need to open a store?
Do you know anyone who doesn't own at least one t-shirt? Almost every person owns at least one t-shirt. Take a look at a street in Spring, Summer or Autumn. How many of these pedestrians wear t-shirts?
The candidate must answer all questions and their parts. Be presise.
Faculty of Social Sciences School of Business Managerial Accounting Examination December 2014 English Date: Monday 15 December, 2014 Time: 4 hours / kl. 9-13 Total number of pages including the cover page:
Glossary of Frequently Used Acronyms and Common Language
Glossary of Frequently Used Acronyms and Common Language ACR ASN Backroom/Wareroom Bakery DSS Basic Stock Blocking Category CCOM CIM Clip Strips Closed Dated Product CMIS Advanced Cash Register These are
Chapter 12 Inventory Management. Inventory Management
Chapter 12 Inventory Management 2006 Prentice Hall, Inc. Outline Global Company Profile: Amazon.Com Functions Of Inventory Types of Inventory Inventory Management ABC Analysis Record Accuracy Cycle Counting
Effective Inventory Management
Effective Inventory Management Introduction An Inventory Management System controls the flow of materials into, through, and out of a manufacturing company. Inventory impacts nearly every aspect of your
The Management of Marketing Profit: An Investment Perspective
The Management of Marketing Profit: An Investment Perspective Draft of Chapter 1: A Philosophy of Competition and An Investment in Customer Value Ted Mitchell, May 1 2015 Learning Objectives for Chapter
Pricing Energy Services in a Competitive Market
Pricing Energy Services in a Competitive Market John H. Chamberlain. Barakat & Chamberlain, Inc. Pricing frameworks used by regulated industries are based on the assumption that the value of the product
Inventory Cost Accounting Tips and Tricks. Nick Bergamo, Senior Manager Linda Pei, Senior Manager
1 Inventory Cost Accounting Tips and Tricks Nick Bergamo, Senior Manager Linda Pei, Senior Manager 2 Disclaimer The material appearing in this presentation is for informational purposes only and is not
Oppenheimer Conference TSA (NYSE)
Oppenheimer Conference TSA (NYSE) September 3, 2005 Note: As of /29/05; excludes name changes due to rebranding Merger Completed August 2003 95 Stores 97 Stores 0 2 3 8 6 2 4 20 48 25 2 4 5 2 30 2 3 2
Cost Analysis and Estimating for Engineering and Management
Cost Analysis and Estimating for Engineering and Management Chapter 8 Product Estimating Ch 8-1 Overview Processes for Determining Price Bottom Up and Top Down Using Productive Hour Costs Learning in Product
YOUR LAST MAILING YOUR WEBMASTER YOUR ACTIVE CUSTOMER. But your results are not everything they could be.
YOUR LAST MAILING WENT OUT ON TIME AND ON BUDGET. But your results are not everything they could be. YOUR WEBMASTER GAVE YOUR SITE A HOT NEW LOOK. 321 W. Lake Street, Suite F Elmhurst, Illinois 60126 P
Fostering innovation in retail with Google for Work
1 Fostering innovation in retail with Google for Work A study of Chico s FAS, Inc. by Google for Work for Work 2 Executive summary Chico s FAS, Inc. is a specialty retailer of private label women s apparel,