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Alika [10]
3 years ago
15

A manufacturing company has entered into a new contract with a major supplier of raw materials used in the manufacturing process

. Under the new arrangement, called vendor managed inventory, the supplier manages their raw material inventory inside the manufacturer's plant, and only bills the manufacturer when the manufacturer consumes the raw material. How is this likely to affect the manufacturer’s inventory turnover ratio?
Biology
1 answer:
Slav-nsk [51]3 years ago
4 0

Answer:

It allows the plant to function more efficiently, as it increases the inventory turnover ratio.

Explanation:

Vendor Managed Inventory (VMI) is a kind of business model in which the buyer of a certain products gives information to a vendor of that same product and the vendor acquires total responsibility for holding on to the agreed inventory of that same material, majorly at the buyer's consumption location as we can see from this question.

Vendor managed inventory contract permits manufacturer to have a close instant entry to inventory. This immediate connection permits the customer to pull inventory as when due and only make payment for what is consumed. This will in turn reduce inventory investment and cause a higher inventory turns.

The VMI is known to provide vendors more control in order to rightly forecast demand, Boost Customer-Vendor Relationships, decrease Inventory Costs, Reduced Inventory Overstocks and Stock Shortage with an improvement in Sales.

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The students concluded that pea plants grew better in compost than did melon plants. Which of the following best addresses the v
musickatia [10]

Answer:

c. The conclusion is invalid because other variables in the experiment affected the results.

Explanation:

Consider the complete problem:

A group of students designed an experiment to determine the effect of compost on the germination and growth of plants.

The students set up experimental plots by mixing different ratios of soil and compost. They planted 20 pea and 20 melon

seeds in each plot and watered each plot regularly. The students recorded the number of seeds that germinated, and as the

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The following observations were recorded.

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 There was a week of rainy weather at 3 weeks

 Melon plants developed a fungal growth at four weeks

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The students concluded that pea plants grew better in compost than did melon plants. Which of the following best

addresses the validity of the conclusion made by the students?

a. The conclusion is valid because the independent and dependent variables in the experiment were controlled.

b. The conclusion is valid because the experimental design included a large sample size.

c. The conclusion is invalid because other variables in the experiment affected the results.

d. The conclusion is invalid because the units of measurement were not given in the experimental design.

<em>In order for the conclusion to be valid, all the independent variables should have been controlled. In this case, the independent variables such as the amount of water received by the plants, nutrient requirement of the plants, etc. were not controlled leading to fungal attack on the melon plant.</em>

<em>Hence, the conclusion is invalid because other variables that ought to have been controlled affected the experimental outcome.</em>

<em>The correct option is c.</em>

4 0
3 years ago
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