Alpha Products, Inc., is having a problem trying to control inventory. There is insufi cient time to
Question:
Alpha Products, Inc., is having a problem trying to control inventory. There is insufi cient time to devote to all its items equally. Here is a sample of some items stocked, along with the annual usage of each item expressed in dollar volume.
a. Can you suggest a system for allocating control time?
b. Specify where each item from the list would beplaced.
Transcribed Image Text:
ITEM ANNUAL DOLLAR USAGE ITEM ANNUAL DOLLAR USAGE $ 7,000 1,000 14.000 2,000 24,000 68,000 17,000 900 1,700 2,300 $80,000 400 1,100 30,000 1,900 800 90,000 12,000 3,000 32,000 1
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a The obvious choice is ABC analysis b Item number A...View the full answer
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Sumit kumar
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QUATERNARY Pursuing M.Tech.(2017-2019) in Electronics and Communication Engg. (VLSI DESIGN) from
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TERTIARY B.Tech. (2012-2016) in Electronics and Communication Engg. from GLBITM Greater Noida
SECONDARY Senior Secondary School Examination (Class XII) in 2012 from R.S.S.Inter College, Noida
ELEMENTARY Secondary School Examination (Class X) in 2010 from New R.J.C. Public School ,Noida
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Related Book For
Operations and Supply Chain Management
ISBN: 978-0078024023
14th edition
Authors: F. Robert Jacobs, Richard Chase
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