The manager of a traffic and safety company wants to use the ABC classification system to classify

Question:

The manager of a traffic and safety company wants to use the ABC classification system to classify its inventory items. The annual demand and the selling price of each item are listed in the table below.

Develop an ABC classification for these 10 items and explain how the company can use this classification.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Operations Management Sustainability And Supply Chain Management

ISBN: 9780135173626

13th Edition

Authors: Jay Heizer, Barry Render, Chuck Munson

See More Books

Question Posted: Oct 24, 2022 08:30 AM

See More Questions

The carbon steels listed in the table below were soaked at 1000 C for 1 hour to form austenite and were cooled slowly, under equilibrium conditions to room temperature. Refer to the Fe-Fe3C phase...
The manager of a utility company wants to develop quarterly forecasts of power loads for the next year. The power loads are seasonal, and the data on the quarterly loads in megawatts (MW) for the...
The manager of a division that produces add- on products for the automobile industry has just been presented the opportunity to invest in two independent projects. The first is an air conditioner for...
Alabama Corp.'s taxable income differed from its accounting income for 2023. Accounting income includes an expense of $25,000 under meals and entertainment expense, with $3,000 of that total being...
On the same graph, plot both Kaplan- Meier estimates and 95% confidence intervals for the white and milk chocolate chip melting time data from your class activity. Explain whether or not the two...
The probability distribution for the random variable W is given in the following table. a. Form an equation using k, then solve it. b. Explain why only one of your solutions is valid. c. Find P(6 W...
When conducting an incremental analysis, what step must always be taken immediately prior to beginning the pairwise comparisons? a. Order the alternatives from highest to lowest initial investment b....
Central Duplicating Internal Service Fund. As of September 30, 2010, the Central Duplicating Fund of the Town of Fredericksburg had the following post-closing trial balance: During the fiscal year...
Q6). For the Given Functions determine the following a). f(x) = 3 x2+2x-1 What is f(-2). Show your work 0 What is a). f(-2)= b). f(0), c). f(-1)
The comparative consolidated statement of financial position at December 31, Year 2, and the consolidated income statement for Year 2, of Parent Ltd. and its 70%-owned subsidiary are shown below....
What is e-procurement?
A company has supplied the following data with respect to its three different types of fertilizers: Calculate (assuming 50 sales weeks annually): a) The inventory turnover and weeks of supply for...
A 2.50-g piece of wood is burned in a calorimeter that contains 0.200 kg of water. The burning causes the water temperature to increase from 22.1C to 28.7C. How much heat energy is released in...
Under what circumstances can PEO charge someone with negligent misrepresentation?
The USSshaw was damaged, but not destroyed, at Pearl Harbor. After repairs, she participated in convoy missions throughout the war and was decommissioned in 1945. As the international outlook in...
Sarah is an audit senior with Childs, Maxwell and Weaver, LLP. Sarah specializes in auditing loan loss reserve for financial institution clients. This current year she has noticed that two of her...
On December 1, 20x1, Malicious Corp, a cash method basis taxpayer, purchases a small older building for $500,000. Shortly after the purchase, Malicious discovered the wood in the building is infested...
A projectile is fired with an initial speed of vo = 6 0 m / s at = 3 0 o above the horizontal, as shown below. what is the maximum range ( R ) moved by the projectile along the x - axis. Vosing 60...
Suppose that f : [0, 1] [a, b] is integrable on [0, 1]. Assume that ef(x) and |f(x)|p are integrable for all 0 a) Prove that for all 0 b) If 0 c) State and prove analogues of these results for...
For the following arrangements, discuss whether they are 'in substance' lease transactions, and thus fall under the ambit of IAS 17.
Phil Carter, President of Carter Computer Components, Corp. has the option of shipping computer transformers from its Singapore plant via container ship or airfreight. The typical shipment has a...
What are the appropriate ABC groups of inventory items? ABC Analysis Stock Number Annual Percent of Annual S Volume Volume 124 12,500 46.2 9,000 33.3 3,200 11.8 5.8 R26 LO2 M12 1,550 P33 620 2.3 T72...
Set the following problem up in transportation format and solve for the minimum cost plan. Period Feb Mar Apr Demand 70 75 Regular 50 50 Overtime Subcontract 12 12 10 Beginning Inventory10 Costs...
Here is a video to get you started: https://drive.google.com/file/d/1MzvYcuTLR5ItXTbve9l6kOWl7mE180N9/view?usp=sharing Download the pcap file http://www.eecis.udel.edu/~bohacek/TCP1.pcap Scroll down...
1. What are the similarities and differences between flow control and congestion control in computer networks? 2. Why do we need IPv6? How can we do transition from IPV4 to IPV6?
What in your view are the three most important aspects of Capital Budgeting? Explain why you have chosen these three over other potentially important facets of budgeting. Respond to this to make your...

The manager of a traffic and safety company wants to use the ABC classification system to classify

Question:

ITEM CODE # PRICE/UNIT (SAR) ANNUAL DEMAND (UNITS) IA510 5,000 IE510 14,000 IE511 15,000 IE518 3,000 IE521 20,000 IE523 1,000 IE534 40,000 XA010 7,000 XA011 2,000 XF010 15,000 450 725 500 75 7.5 100 15 600 800 120

Step by Step Answer:

The ABC classification system is a method of categorizing inventory items based on their importance ...View the full answer

Operations Management Sustainability And Supply Chain Management

Students also viewed these Business questions