How can a vendor reduce the level of base stock?
C. More frequent orderings with smaller quantities will reduce transportation costs. D. Shorter delivery time from the vendor will reduce the level of base stock. E. Shorter order lead time from the vendor will reduce the level of base stock. d A catalog retailer of kitchen items that sells aluminum muffin pans has found that some weeks it (p. 319)
How does delivery time affect the level of base stock?
Shorter delivery time from the vendor will reduce the level of base stock. E. Shorter order lead time from the vendor will reduce the level of base stock. d A catalog retailer of kitchen items that sells aluminum muffin pans has found that some weeks it (p. 319) sells 40 pans, and other weeks it sells none. A reorder can take up to three weeks.
When there is a high inventory turnover there is an increase?
When there is a high inventory turnover, there is an increase in sales because: A. price points are set higher to accommodate for potential sales loss. B. new merchandise is continually available to customers.
What is one approach to reducing the base stock?
One approach for reducing the base stock is to reorder and receive merchandise from the vendor more often. C. More frequent orderings with smaller quantities will reduce transportation costs.
What are the factors that determine the level of required backup stock quizlet?
product availability the retailer wants to provide. the greater fluctuation in demand, the more backup stock is needed. backup stock needed is affected by the lead time from the vendor. fluctuations in lead time affect the amount of backup stock needed.More items...
Which of the following is an example of staple merchandise?
Staple merchandise consists of the items that are regularly purchased, displayed and sold by the retailers. For a grocery store, staple merchandise will be bread, butter, milk, salt, eggs, tissues and so on. Similarly, most of the merchandise at sports store and home improvement centers are staple.
Why can a vendor in a better position to manage a category than a smaller retailer?
Why can a vendor in a better position to manage a category than a smaller retailer? Vendors have superior information through their focus on a specific category and acquire insights from working with different retailers.
Is the smallest unit available for inventory control?
As part of a system for inventory control, the SKU represents the smallest unit of a product that can be sold from inventory, purchased, or added to inventory.
What are the factors affecting retail merchandising?
There are four critical factors that influence merchandising functions and processes....The factors affecting retail merchandisingSize of the retail operation. How big is the retailer in question? ... Separation of duties. Separation of duties is common in mid-size and large retail operations. ... Shopping channel.
What are the 4 types of merchandise?
5 Types of Merchandising You Should Know–Product Merchandising. Product merchandising signifies all promotional activities and business practices undertaken to boost the sales of both physical and digital products. ... –Retail Merchandising. ... –Visual Merchandising. ... –Digital Merchandising. ... –Omnichannel Merchandising.
Which of the following acts as an intermediary by selling products to other businesses who then sells them to the final consumer?
Which of the following acts as an intermediary by selling products to other businesses, who then sells them to the final consumer? Wholesalers are intermediaries who sell products to other businesses for resale to final consumers.
Which do you think is the most important function of wholesalers and retailers why?
Market Information – One of the most important functions of wholesaler is that he provides important market information to retailer and manufacturer. This information helps the retailers to estimate the demand of consumer.
What would be the most important metric that a retailer would use to decide how do you allocate merchandise profitably to a single store?
Sell Thru Percent. Sell thru is one of the most common metrics for retailers to understand performance and inventory levels. It represents the ratio of sales to beginning inventory.
What is unit stock control?
Manufacturers as well as service operators and retailers can use a unit stock control system. This type of stock control is called unit stock control because it shows the number of units or articles which are in stock. Under this system you have a card for each of the different types of stock.
What is the combination of all products made available in a store and set of products offered within a product category?
Product mix, also known as product assortment or product portfolio, refers to the complete set of products and/or services offered by a firm.
What SKU means?
stock-keeping unitA stock-keeping unit, or SKU, is a unique code that a seller assigns to every type of item it sells. SKUs are also an important part of a merchandising structure, allowing merchants to arrange inventory in their stores or warehouses according to product SKUs.
Why does managing merchandise within a category by brand lead to inefficiencies?
AManaging merchandise within a category by brand can lead to inefficiencies because it fails to
What is a stocking keeping unit?
A. A Stocking-Keeping Unit (SKU) is the smallest unit available for inventory control.
Who manages the department of merchandise classifications?
D. The DMM, who manages the department, is responsible for several merchandise classifications E. It is managed by a general merchandise manager (GMM)
Why does managing merchandise within a category by brand lead to inefficiencies?
A. Managing merchandise within a category by brand can lead to inefficiencies because it fails to consider the interdependencies between SKUs in the category.
Who manages the department responsible for several merchandise classifications?
D. The DMM, who manage s the department, is responsible for several merchandise classifications.
What is a stock keeping unit?
A. A stock-keeping unit (SKU) is the smallest unit available for inventory control.
Why does VO2 max decrease with detraining?
The initial decrease in VO2 max with detraining occurs because skeletal muscle adaptations (a-vO2 difference) are lost.
Does resistance training increase protein synthesis?
It is well known that resistance exercise training promotes an increase in muscle protein synthesis by activating the mechanistic target of rapamyosin (mTOR) which results in increased protein synthesis. Recent evidence suggests that two signaling molecules interact to directly activate mTOR. These molecules are:
Does endurance training reduce oxygen deficit?
Endurance training has been shown to reduce the oxygen deficit in subjects performing a submaximal exercise. This is due to