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Inventory Management & Supply Chain

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Determine the
- inventory turnover,
- how to increase turnover,
- what to focus on,
- weeks of supply of raw material on hand necessary,
- total cost of ownership analysis and
- selecting suppliers.
Please show all work and include formulas using the Excel spreadsheet I have uploaded.

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Solution Summary

Excel spreadsheet attached shows how to find and improve inventory turnover as well as the raw materials on hand needed and a total cost of ownership analysis.

See Also This Related BrainMass Solution

ORUN inventory and supply chain management problems

See attached file.

A synopsis of the inventory and supply chain management problem(s) as you perceive them to be.

2. Using the facts of the case, as well as theories and best practices of Operations Management, prepare a short description as to what you intend to do to address each of the 5 goals above.

3. Explain how you would identify and use measures of effectiveness (identify appropriate metrics) to assess progress in resolving these issues.

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