Steel Work Questions Essay Example | Topics and Well Written Essays - 500 words

Steel Work Questions - Essay Example Some of the least expensive products Steel Works has to offer are the products the customers choose not to have. This suggests Steel Works will need to discontinue the use of some of the products. If Steel Works is going to begin showing profits again the company will need to move some of the current inventory, and control the manufacturing of future inventory. Before, Steel Works can sell some of the products they are overstocked on the company will need to reduce the cost to the customer. By reducing the cost to the customer, the company is making the product seem more appealing to the customer. Everyone likes to save money, even companies. 2.) The coefficient of the inventory tells one the company has too much inventory of the two products. The company should definitely decrease the inventory, as soon as possible. When the company figured the coefficient for the inventory, the numbers were astronomical. The coefficient will tell the company what products should be sold first, and what variations of the two products need to be sold at a discount. When the company figured the coefficient, the company was surprised at the astronomical amount of inventory the company continues to have at present. 3.) The company has been holding a large amount of inventory.