Question: Class C items usually represent only a small amount of the annual dollar volume spent on inventory, only about 5%, but are the majority of

Class C items usually represent only a small

Class C items usually represent only a small amount of the annual dollar volume spent on inventory, only about 5%, but are the majority of items, about 55% of all the items stocked. These are only guideline and the exact amounts will change for different situations, but we are looking for the trivial many items, meaning the large number of items that cost only a small amount of the total annual cost of all inventory. Managing inventory is expensive and so we look for items where we spend less on managing these items in inventory (forecasting, inventory controls, cycle counting, etc). For instance, a small amount of additional safety stock may be less costly than the close managing of the item through supplier management, inventory controls, and cycle counting. With the small amount of items that we have in problems like this we don't always see the exact guidelines given above. From the information we have what are the least costly items, usually there will be quite a few? From the options below, select ALL of the inventory stock numbers (items) that would be classified as C items during an ABC analysis (see problem from download in previous step): Note: points off for incorrect answers Q47 T72 M12 R26 V20

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