CASE01-EN.pdf

# CASE01-EN.pdf - CASE 1 Milligans Backyard Storage Kits Lisa...

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1 CASE 1: Milligan’s Backyard Storage Kits Lisa Miller Table of Contents SKILLS CHECK . ............................................................................................................................ 1 CASE BACKGROUNG . ................................................................................................................ 2 CASE SCENARIO . ....................................................................................................................... 2 Information Specification . ....................................................................................................... 4 Implementation Concerns . ....................................................................................................... 4 Test Your Design . .................................................................................................................. 4 CASE DELIVERABLES . ................................................................................................................... 5 SKILLS CHECK You should review the following areas: Spreadsheet Case Difficulty Rating: * SPREADSHEET SKILLS • AVERAGE Function • Cell Formatting • Chart • MAX Function • MIN Function • NOW Function • Sort • SUM Function • Worksheet Formatting

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CASE 1: Milligan’s Backyard Storage Kits 2 CASE BACKGROUNG Milligan’s Backyard Storage Kits, a mail order company, sells a variety of backyard storage unit kits and land- scaping decorations to its customers. Although the company makes a profit, David Milligan, the company’s owner, realizes that he can improve his company’s operations if he better manages his inventory. Mr. Milligan requests your help in preparing an Inventory Analysis worksheet. The Inventory Analysis worksheet provides Mr. Milligan with information about his annual sales, cost of goods sold, gross profit, markup, inventory turnover, and days in inventory for his products. Preparing the worksheet for Mr. Milligan requires yo-u to insert columns, use several functions, and apply proper formatting to the worksheet and cells. CASE SCENARIO Ten years ago, David Milligan was short on storage space. After shopping around for a backyard storage unit and not finding one that met his specifications, Mr. Milligan built his own storage unit for his backyard. Realizing that many homeowners had similar storage needs, Mr. Milligan began selling a backyard storage unit kit via mail order. He felt that given good instructions, precut lumber, and the necessary hardware, just about anyone could assemble a storage unit. His idea proved popular, and he now stocks and sells 35 different items, including storage barn, gazebo, and landscaping decoration kits. Mr. Milligan does not use a formal, consistent inventory tracking system. Periodically, Mr. Milligan or his staff visually checks to see which kits are in stock. Although he does try to keep a certain level of each kit in stock, the lack of a formal inventory tracking system has led to the overstocking of Borne items and understocking of still other items In fact, on occasion, a customer will request a particular kit, and it is only then that Mr.
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