Question: Inventory Management at ABC Electronics ABC Electronics is a Canadian company that was founded in 2 0 three friends who shared a passion for technology

Inventory Management at ABC Electronics
ABC Electronics is a Canadian company that was founded in 20 three friends who shared a passion for technology and innovatic The company's mission is to provide high-quality and affordable electronic products to customers across Canada and beyond. company's vision is to become a leading and trusted brand in t electronic industry. The company's values are customer satisfa excellence, integrity, teamwork, and social responsibility.
The company's main products are laptops, tablets, smartphones, cameras, and acces The company offers a wide range of models, features, and prices to suit different cust needs and preferences. The company's main customers are individuals, families, stu professionals, and small businesses who are looking for reliable and convenient elec devices for their personal and work purposes.
The company's main competitors are other electronic retailers, such as Best Buy, S Walmart, Amazon, etc. The company's main suppliers are various manufacturers a distributors from China, Taiwan, South Korea, Japan, and the United States.
The company's main challenge is to manage its inventory effectively and efficientl company has to balance the trade-off between having enough inventory to meet c demand and avoid stock-outs, and having too much inventory that incurs high cos of obsolescence, theft, damage, and spoilage.
The company has hired you to classify their products using the ABC analysis an them with other inventory management decisions.
How would you classify the items into A, B, and C categories based on the
What are the optimal order quantities for the following items, based on the
(d) SKU # LTP031
(e) SKU # SMT011; and
(f) SKU # CAM021
What are the total annual inventory costs for each item that you looked a based on the EOQ model?
The company has collected the following data for 10 of its inventory items:
\table[[SKU#,Item,Unit Cost,\table[[Annual],[Demand]],\table[[Ordering],[Cost]],\table[[Holding],[Cost]]],[LTP011,Laptop,$820,450,$52,$42
 Inventory Management at ABC Electronics ABC Electronics is a Canadian company

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!