The analytics models and data that could be used to make good recommendations to the retailer as well as the shelf space is given below.
<h3>The The analytics models and data analysis?</h3>
Step 1: To determine the typical number of units of a product sold each week after removing seasonality and random fluctuation.
Info on:
- Time series information
- The quantity of a product sold
- The application of exponential smoothing
Step 2: Make the best use of the limited shelf space for each product in the store:
The use of: Information about the product's price, surface area per unit, total amount of shelf space in the store, name, and profit per unit sold. Data analysis using optimization models
Step 3: Determine complementary goods to bundle in order to boost sales of both goods. Information on: Products offered, products previously acquired, and the application of K means clustering.
The company need to have a large shelf space so that they can be able to maximize their sales or their profit.
Therefore, The placement of a product in a store can have a significant impact on how well it sells. The success of its retail operation heavily depends on how much room is allotted to different product categories and products. Given the significance of shelf space locations, it is crucial from a retailer's perspective to make sure that retail space is maximizing value for the shop.
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Answer:
Total costs = $4,850.
Please refer to the attached for the answered table.
Steady/fixed Production planning with the objective of saving on overtime and subcontract costs is a form of aggregate planning that organizations pursue in managing its total costs of production.
As a result of this model of planning, we will have inventory on hand in some periods and we will run partially or completely out of stock in others. But because the production unit is aware of their production targets , overtime will be zero and there will be no need for subcontracting.
However delayed order fulfillment will be made up for at additional costs as in the example we are solving. This provisions must be made for such eventualities.
Answer:
I believe it is business and finance.
Explanation:
Well, using logic, we can denote away communication and insurance, as clerks and receptionists to not deal with insurance. Nor do they deal with administrative or information. They could potentially deal with publicity and management, but they morely manage business-related topics. Sorry if I'm wrong, I'm only in 8th grade.
Intellectual property refers to the creation of one's own mind which includes inventions, literary and artistic works, design and symbols invented on own or for the first time. They could also be the names and images used in commerce and trade.
It is important to protect the fostering or duplicate of the innovation. Without the protection of ideas, business and individuals associated with the property may not reap any benefits or get some death threats or the social threats.
Intellectual property are important to encompass and generate long term revenues and goodwill of the organisation. It also increase shareholders value with the face value of shares.
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Answer:
$15.00
Explanation:
Data provided in the question:
per-unit costs for one of its products = $18.00
Net realizable value = $15.00
Net realizable value less normal profit margin = $14.40
Current replacement cost = $14.70
Now,
Here, we have to find the per-unit carrying value of inventory in the statement of financial positions in accordance with IFRS
According to the IFRS, inventory should be recorded in financial statements at a value which is lower of the cost and Net Realizable Value
Therefore,
according to the question:
per-unit carrying value of inventory = lower of [ $18.00, $15.00]
or
per-unit carrying value of inventory = $15.00