1. Complete a spend analysis for Iowa Elevators. Where would you start? Which of the purchase categories offer the greatest opportunity?
2. How much money do you think you can save in each of the next five years? Please evaluate the savings Scott McBride could expect to achieve assuming a best case worse case and most likely scenario. Make sure you justify your assumptions and show how you calculated the potential savings.
3. What are the inventory turns for each of the different categories of farm supplies as well as the overall turns (please use the COGS/AvgInv formula)? What kind of improvements can be made in inventory management and how?
4. What changes would you make to the organization?
5. What are the risks to achieving your objectives?