How can managers use the results of A-B-C classification?
Answer to relevant QuestionsUnder what circumstances would the amount of safety stock held be a. Large? b. Small? c. Zero? Why might it be inappropriate to use inventory turnover ratios to compare inventory performance of companies that are in different industries? To be competitive, many fast- food chains began to expand their menus to include a wider range of foods. Although contributing to competitiveness, this has added to the complexity of operations, including inventory ...Garden Variety Flower Shop uses 750 clay pots a month. The pots are purchased at $ 2 each. Annual carrying costs per pot are estimated to be 30 percent of cost, and ordering costs are $ 20 per order. The manager has been ...A jewelry firm buys semiprecious stones to make bracelets and rings. The supplier quotes a price of $ 8 per stone for quantities of 600 stones or more, $ 9 per stone for orders of 400 to 599 stones, and $ 10 per stone for ...
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