Question: A company would like to classify its inventory systems using ABC inventory classification system. The rules for ABC classification are STRICTLY applied such that 80%

A company would like to classify its inventory
A company would like to classify its inventory
A company would like to classify its inventory systems using ABC inventory classification system. The rules for ABC classification are STRICTLY applied such that 80% cumulative budget is assigned to A class inventory items. The next 15% cumulative budget is assigned to B dass inventory items, and only 5% of the cumulative budget is assigned to C dass inventory items. The inventory items (SKU) are SKUT, SKU, SKUB, and SKUJA respectively. The Annual demands (units per year) for these items are 290, 457, and 159, and 577 respectively. Also, the corresponding per unit prices are 19,33, 126, and 90 respectively measured in OMR. Which items (arnong, SKUT, SKU2, SKUS, and SKUA) are classified as a class inventory Select one O a SKU only b. All items OcOnly SKUB O d. Both SKU3 and SKUA None is correct Next page Al Khaleej Inc needs 325 kgs of a material per month. It costs RO 10 to make and receive an order, and it takes 16 workdays to receive it The annual holding cost is 15 % of purchase price. The price RO 1 per kg. The company is operating 6 days per week. What is the best quantity to order? Round up to the nearest Integer Select one O a. 749 kg b. None is correct O c593 kg d. 267 kg 722 kg

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