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In: Operations Management

The stationery and greeting cards department was given the following data to use in developing a...

The stationery and greeting cards department was given the following data to use in developing a merchandise plan for the spring-summer season:

Planned sales for the season               $90,000

February 1 inventory                             31,320

July 31 inventory                                  36,000

Season markdown percent                  5.43%

                                               

% of Season’s             BOM Stock Sales               % of Season’s

Month                    Sales                             Ratio                                    Markdowns

February                 12%                               2.9                                     6.6%

March                      14%                               2.7                                     4.5%

April                        20%                               2.2                                     4.7%

May                         21%                               2.1                                     4.9%

June                         19%                               2.2                                     5.2%

July                         14%                               2.7                                     7.5%

        

Calculate:

Monthly planned sales

BOM stocks

Monthly and total season planned dollar markdowns

Monthly and total season planned purchases at retail

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Expert Solution

keosha answered 5 months ago
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