Business, 17.06.2021 03:20 edjiejwi

Calculate the number of months of additional inventory that was produced for each product. Evaluate the forecasting skills of Team Baldwin. If the goal was to have less than 3 months of inventory at the end of the year and not stockout, then which product had the best unit forecast

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Answer from: 24elkinsa

Question Completion:

Production Information

Primary Units Unit

Name Segment Sold Inventory

Baker Trad 1,391 898

Bead Low 1,899 873

Bid High 212 558

Bold Pfmn 572 108

Buddy Size 483 0

1. Number of months of additional inventory that was produced for each product:

Primary Units Unit Number of

Name Segment Sold Inventory Months of inventory

Baker Trad 1,391 898 7.75 (898/1,391 * 12)

Bead Low 1,899 873 5.52 (873/1,899 * 12)

Bid High 212 558 31.58 (558/212 * 12)

Bold Pfmn 572 108 2.27 (108/572 * 12)

Buddy Size 483 0 0 (0/483 * 12)

2. Team Baldwin's forecasting skills are lacking in exactness and require more refining.

3. The product that had the best unit forecast is Bold with less than 3 months of inventory at the end of the year (2.27 months).

Explanation:

a) Data and Calculations:

Production Information

Primary Units Unit Number of

Name Segment Sold Inventory Months of inventory

Baker Trad 1,391 898 7.75 (898/1,391 * 12)

Bead Low 1,899 873 5.52 (873/1,899 * 12)

Bid High 212 558 31.58 (558/212 * 12)

Bold Pfmn 572 108 2.27 (108/572 * 12)

Buddy Size 483 0 0 (0/483 * 12)

Answer from: Quest

u = 30

continuing your method

$\frac{1}{10}$ = $\frac{1}{u}$ + $\frac{1}{15}$

subtract $\frac{1}{15}$ from both sides

$\frac{1}{u}$ = $\frac{1}{10}$ - $\frac{1}{15}$ thus

$\frac{1}{u}$ = $\frac{3}{30}$ - $\frac{2}{30}$

$\frac{1}{u}$ = $\frac{1}{30}$ ⇒ u = 30

Answer from: Quest

Answermediation;

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