Business Problem
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Title: Business Problem

Essay Details:

Subject: Miscellaneous
Author: Nathaniel J
Date: November 15, 2015
Level: University
Grade: A
Length: 3 / 831

Essay text:

Thomas Burns is now concerned about his investments. Burns Auto needs to adopt a new solution to managing inventories and forecasting sales in order to streamline inventory costs while taking advantage of the growing sales for the market. The manufacturers that supply dealerships like Burns Auto with cars have sanctioned a "turn and earn" approach to managing inventories for the new model year. "Turn and earn" translates into each dealership receiving new vehicles at the same rate at which it sells the vehicles. This system is essentially the just-in-time method, a balanced system in which there is little or no delay time and idle in-process and finished goods inventory...

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