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 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 RII Units 250 $280 $90 160 20 150 P26 T33 U44 V55 B66 H45 $170 $130 $150 $75 $300 $330 100 300 280 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)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
