Question: =+Estimate the annual usage value and average inventory level (or value) and space occupied by 20 representative items of food used within your household, or

=+Estimate the annual usage value and average inventory level (or value) and space occupied by 20 representative items of food used within your household, or that of your family. Using Pareto analysis, categorize this into usage value groups (for example, A, B, C), and calculate the average stock turn for each group. Does this analysis indicate a sensible use of capital and space, and, if not, what changes might you make to the household’s shopping strategy?

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