Question: Compare the two inventory policies given below. (a) Uniform inventory policy of 4 orders per year for all materials. (b) Using ABC categories. Material

Compare the two inventory policies given below. (a) Uniform inventory policy of

Compare the two inventory policies given below. (a) Uniform inventory policy of 4 orders per year for all materials. (b) Using ABC categories. Material Price/ No. unit 1 2 3 4 5 5.00 3.75 11.50 135.00 4.50 Demand, Material No. units 1,500 2,800 5,100 80 2,400 6 7 8 9 10 Price/ unit 12.00 17.00 2.00 1.60 0.80 Demand, units 6000 120 1,800 360,000 1,440

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ANS WER First of let us calculate and see order values if we place 4 orders for all the materials in an year Material Number Price Unit Demand Total Annual Demand Quantities Required for 4 uniform ann... View full answer

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