Assignment:
Kamal Fatehl production manager of Kennesaw Manufacturing, finds his profit at $28, 600 (as shown in the statement below) inadequate for expanding his business. The bank is insisting on an improved profit picture prior to approval of a loan for some new equipment. Kamal would like to improve profit line to $38, 600 so he can obtain the bank's approval for the loan.
a) What percentage improvement is needed in a supply chain strategy for profit to improve to $38, 600?
What is the cost of material with a $38, 600 profit?
A decrease of in supply-chain costs is required to yield a profit of $38, 600, for a new cost of supply chain purchases of s. (Enter your response for the percentage decrease to one decimal place and enter your response for the new supply chain cost as a whole number.)
b) What percentage improvement is needed in a sales strategy for profit to improve to $38, 600? What must sales be for profit to improve to $38, 600?
An increase of in sales is required to yield a profit of $38, 600, for a new new level of sales of s. (Enter your response for the percentage increase to one decimal place and enter your response for the new sales as a whole number.)