10-2 Ashton Furniture Company
Raw Materials | Oak | $ 48,000 |
| Pine | 18,000 |
| Brass Fixtures | 9,600 |
| Stains | 6,000 |
| Joiners | 900 |
Work in Process | Frames | 6,000 |
| Drawers | 4,000 |
| Panels | 30,000 |
| Chests | 13,200 |
| Tables | 8,100 |
Finished Goods | Chests | 150,000 |
| Coffee Tables | 70,000 |
Total | | 363,800 |
Inventory turns = 3,700,000/363,800 = 10.2
Days of supply
10-6 Delph Manufacturing Company
Raw Materials | $ 275,000 |
Work in Process | ...view middle of the document...
Penny and Sears are participating in omni-channel retailing.
“Omni-Channel Retailing is the evolution of multi-channel retailing, but is concentrated more on a seamless approach to the consumer experience through all available shopping channels, i.e. mobile internet devices, computers, brick-and-mortar, television, radio, direct mail, catalog and so on. Retailers are meeting the new customer demands by deploying specialized supply chain strategy software. To use all channels simultaneously, retailers using an omni-channel approach will track customers across all channels, not just one or two. In the brick-and-mortar channel, digitally-savvy consumers are entering stores already well-informed about a product’s features and prices and expect store employees to know more than they do. Using omni-channel retailing while working with the "Connected Consumer", all shopping channels work from the same database of products, prices, promotions, etc. Instead of perceiving a variety of touch-points as part of the same brand, omni-channel retailers let consumers experience the brand, not a channel within a brand. Merchandise and promotions are not channel specific, but rather consistent across all retail channels. The brick-and-mortar stores become an extension of the supply chain in which purchases may be made in the store, but are researched through other "channels" of communication”
Russell, R., & Taylor, B. (2011). Operations management: Creating value along the supply chain (7th ed.). Hoboken, NJ: John Wiley and Sons, Inc.
Wikipedia. (n.d.). Omni-channel Retailing. Retrieved from...