Question: Q2. Calculation (10 Marks) Q1. Perform ABC analysis on the data given below. Your company has compiled the following data on the small of products

Q2. Calculation (10 Marks) Q1. Perform ABC
Q2. Calculation (10 Marks) Q1. Perform ABC analysis on the data given below. Your company has compiled the following data on the small of products that comprise the specialty maintenance and repair parts division. Which products do you suggest the firm keep the tightest control over? Explain. (5 Marks) SKU Annual Demand Unit Cost Items Units RII 250 $280 S22 25 $90 S170 733 S130 U44 S150 575 V55 B66 H45 $300 5330 280 A) Classify the items under A, B and C to make an effective decision on inventory control. (8 Marks) B) Why does an organization implement ABC analysis in their inventory management? (2 Marks)

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