A scientific lab equipment company has approximately 9000 SKUs for different branches of sciences. Elizabeth, a management
Question:
A scientific lab equipment company has approximately 9000 SKUs for different branches of sciences. Elizabeth, a management graduate from a premier institute specializing in Operations Management, overseesinventory. She finds out that 10% of inventory is A category, 25% is B category, and the balance of 65% is C category items. She hires part-timers at Rs.5 for counting A category items, Rs.4 for B category items, and Rs. 2 for C category items per day. Category A items are counted once in 10 working days, Category B items in 25 working days, and Category C items once in 150 working days,
What are her daily counting numbers and labor rate for each category
Essentials Of Modern Business Statistics With Microsoft Excel
ISBN: 9780357131626
8th Edition
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran