Question: ( a) Develop an ABC classification. (b) Explain how this classification helps decision maker. (c) The decision maker wants to put item A2 into category
(
a) Develop an ABC classification.
(b) Explain how this classification helps decision maker.
(c) The decision maker wants to put item A2 into category A. Discuss the reasoning behind this decision.
Consider the following 10 items stored in stocks. B8 Item Demand Unit Cost A2 3000 50 4000 12 1500 45 D1 6000 10 E9 1000 20 F3 500 300 1500 H2 600 20 15 1750 10 J8 2500 5 500 G2Step by Step Solution
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