Business Problem
Business Problem: Burns Auto Corporation
Burns Auto Corporation is owned by Thomas Burns, a former athlete. Burns has purchased a total of twenty-five dealerships in the western region of the United States over a five-year period, and has been in business for twelve years. The economy has been slow and has had some uneven growth. Despite the increased sales for all markets, inventory costs have continued to grow. 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,......
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Approximate Word Count: 872
Approximate Pages: 4 (250 words per double-spaced page)
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