Inventory
Inventory Proposal
Carmaletta Lewis, Darius Kellar, Janee Norman, Lynn Pham
Quantitative Reasoning for Business/501
March 11, 2013
Dr. Vinata Kulkarni Abstract
The team used the raw data from the University of Phoenix Summer historical inventory data and forecast to discuss the inventory system problems to determine the inventory system of American Motors. The team converted the time series data into an inventory analysis for American Motors.
Introduction Businesses face many decisions when trying to decide how to inventory the products that they sell. The economy, costs to store the goods and the ability to purchase the goods prior to the sale of them are all factors that must be considered. New car sales have declined over the last decade. They have their peak months and off months with sales. Even though car dealerships are not thought of as seasonal since they are used year round their sales reports reflect a different picture. Innovative marketing approaches and other selling techniques need to be utilized to increase sales in the lower sales volume months. Indices of the sector the organization is a part of and of your organization can be extremely useful for management when trying to project future sales. “This usefulness is both in terms of providing early information on current period economic conditions and providing information regarding future period economic conditions” (Chindamo, 2010).
Organization
American Motors was formed in 1954 after a merger of Nash-Kevlvinator and Hudson Motors. This merger was the largest corporate merger of that time and worth $197,793,366. In 1956, the first automobile introduced to the public was the Rambler. The Rambler was accepted by the public but the design was very dated and thus, was not popular with consumers. Therefore, American Motors redesigned the Rambler in 1958 featuring stacked quad headlights, a long wheel base, and was top of the line from 1959 on.
Carmaletta Lewis, Darius Kellar, Janee Norman, Lynn Pham
Quantitative Reasoning for Business/501
March 11, 2013
Dr. Vinata Kulkarni Abstract
The team used the raw data from the University of Phoenix Summer historical inventory data and forecast to discuss the inventory system problems to determine the inventory system of American Motors. The team converted the time series data into an inventory analysis for American Motors.
Introduction Businesses face many decisions when trying to decide how to inventory the products that they sell. The economy, costs to store the goods and the ability to purchase the goods prior to the sale of them are all factors that must be considered. New car sales have declined over the last decade. They have their peak months and off months with sales. Even though car dealerships are not thought of as seasonal since they are used year round their sales reports reflect a different picture. Innovative marketing approaches and other selling techniques need to be utilized to increase sales in the lower sales volume months. Indices of the sector the organization is a part of and of your organization can be extremely useful for management when trying to project future sales. “This usefulness is both in terms of providing early information on current period economic conditions and providing information regarding future period economic conditions” (Chindamo, 2010).
Organization
American Motors was formed in 1954 after a merger of Nash-Kevlvinator and Hudson Motors. This merger was the largest corporate merger of that time and worth $197,793,366. In 1956, the first automobile introduced to the public was the Rambler. The Rambler was accepted by the public but the design was very dated and thus, was not popular with consumers. Therefore, American Motors redesigned the Rambler in 1958 featuring stacked quad headlights, a long wheel base, and was top of the line from 1959 on.
References: American Motors Corporation. (n.d.). American Motors 1954-1987. Retrieved March 7, 2013, from http://www.american-motors.de/en/ Chindamo, P. (2010). The Predictive Ability of Business Survey Indices. Economic Papers, 29(4), 466-482. Chrysler Group, LLC. (n.d.). Chrysler. Retrieved March 7, 2013, from http://www.chryslergroupllc.com/Pages/Home.aspx About.com Mathematics Retrieved March 09, 2013 from http://math.about.com/library/blslope.htm