Question: c) (20 point) Perform the ABC Inventory Classification using the product categories and their contributions. A items are the ones that constitute the top 20%

c) (20 point) Perform the ABC Inventory

c) (20 point) Perform the ABC Inventory Classification using the product categories and their contributions. A items are the ones that constitute the top 20% (approximately) of total contribution and C items are the ones that constitute the bottom 50% (approximately). Fill in the table below. Category % of items in this category Number of items in this category % contribution to the total JA All items 100% 100% d) (10 point) An order fill rate is a metric that is used in supply chain management to measure logistics performance. Roughly, it is the percentage of orders that are satisfied on time. GPD has a limited budget and logistics workforce, and stock-outs or delays in fulfilling the orders from its customers are inevitable. Should GPD aim to have the same fill rates for all product categories and/or product types? If not, which product categories should be managed actively to have higher fill rates than others? Why? e) (10 point) How can GPD use Pareto Charts to improve the quality of service it provides to its customers? If the goal is to reduce the number of complaints from the customers, what type of data does GPD need to collect to create a Pareto chart? NOTE: SHOW ALL YOUR WORK. USE 4 DECIMAL PLACES IN ALL CALCULATIONS. c) (20 point) Perform the ABC Inventory Classification using the product categories and their contributions. A items are the ones that constitute the top 20% (approximately) of total contribution and C items are the ones that constitute the bottom 50% (approximately). Fill in the table below. Category % of items in this category Number of items in this category % contribution to the total JA All items 100% 100% d) (10 point) An order fill rate is a metric that is used in supply chain management to measure logistics performance. Roughly, it is the percentage of orders that are satisfied on time. GPD has a limited budget and logistics workforce, and stock-outs or delays in fulfilling the orders from its customers are inevitable. Should GPD aim to have the same fill rates for all product categories and/or product types? If not, which product categories should be managed actively to have higher fill rates than others? Why? e) (10 point) How can GPD use Pareto Charts to improve the quality of service it provides to its customers? If the goal is to reduce the number of complaints from the customers, what type of data does GPD need to collect to create a Pareto chart? NOTE: SHOW ALL YOUR WORK. USE 4 DECIMAL PLACES IN ALL CALCULATIONS

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