Question: I NEED AN ANSWER QUICKLY! I WILL THUMBS UP/LIKE! You are considering using ABC analysis to classify some SKUs into three categories: those that will

I NEED AN ANSWER QUICKLY! I WILL THUMBS UP/LIKE!

I NEED AN ANSWER QUICKLY! I WILL THUMBS UP/LIKE!

You are considering using ABC analysis to classify some SKUs into three categories: those that will be delivered daily from their supplier (Class A items), those that will be controlled using a continuous review system (B items), and those that will be held in a two bin system (C items). The following table shows the annual dollar usage for a sample of eight SKUs. Dollar Annual SKU Value Usage 1 $3.60 30,000 2 $5.00 200 3 $4.10 900 4 $1.20 50,000 5 $3.00 500 6 $0.02 125,000 7 $0.90 300 8 $0.02 1,100 Based on the percentages of dollar usage, which products are categorized as "A"? O SKU 1 O SKU 1, SKU 4 O SKU 1, SKU 4, SKU 3 Not enough information

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

I NEED AN ANSWER QUICKLY! I WILL THUMBS UP/LIKE! You are considering the use of ABC analysis to focus on the most critical SKUs in your inventory. Currently, there are approximately 50,000 different...

Q:

I NEED AN ANSWER QUICKLY! I WILL THUMBS UP/LIKE! You are considering the use of ABC analysis to focus on the most critical SKUs in your inventory. Currently, there are approximately 50,000 different...

Q:

I NEED AN ANSWER QUICKLY! I WILL THUMBS UP/LIKE! You are considering the use of ABC analysis to focus on the most critical SKUs in your inventory. Currently, there are approximately 50,000 different...

Q:

Oakwood Hospital is considering using ABC analysis to classify laboratory SKUs into three categories: those that will be delivered daily from its supplier (Class A items), those that will be...

Q:

Oakwood Hospital is considering using ABC analysis to classify laboratory SKUs into three categories: those that will be delivered daily from its supplier (Class A items), those that will be...

Q:

Please note that you are supposed to solve all the questions in this file first, and then select the proper choice in this quiz based on your final answers. Question 6 5 pts What is the total annual...

Q:

first two are the questions A company is considering using ABC analysis to classify its SKUs into three categories: those that will be delivered daily from their supplier (Class A items), those that...

Q:

Oakwood Hospital is considering using ABC analysis to classify laboratory SKUs into three categories: those that will be delivered daily from their supplier (Class A items), those that will be...

Q:

undefined Demand Forecast Component Pessimistic Expected Optimistic Time Standard Processing Setup (hr/unit) (hr/lot) 1.0 0.20 4.4 0.05 8.8 A 0.05 Lot Size (units/lot) 60 75 100 B 16,000 9,000 16,000...

Q:

inventory management production and service system planning Oakwood Hospital is considering using ABC analysis to classify laboratory SKUs into three categories: those that will be delivered daily...

Q:

Tran Company began operations on January 1, 2010. Purchases in 2010 were as follows: Units Cost/unit Date 1/1/10 2,000 6/24/10 3,000 10/4/10 3,000 7,000 units were sold during 2010 and Tran used the...

Q:

Fifty (50) kmol hr-1 of liquid toluene al 1.2 bar is cooled from 100 to 2°C. A vapor- compression refrigeration cycle is used for the purpose. Ammonia is the working fluid. Condensation in the...

Q:

Transaction costs in program trading are so small that they are not much of a factor. True False

Q:

Case Greenbuilders Pte Lid ("GPL") is a local construction company which specialises in providing bespoke Design and Build construction services for private residential homes that are designed to be...