Question: Q2. Perform ABC analysis on the data given below. Your company has compiled the following data on the small of products that comprise the specialty

Q2. Perform ABC analysis on the data given below.
Q2. 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. (4 Marks) SKU Annual Demand Unit Cost Items Units |$280 R11 250 S22 75 $90 P26 160 $170 T33 20 $130 $150 U44 150 V55 100 $75 B66 300 $300 H45 280 $330 A) Classify the items under A, B and C to make an effective decision on inventory control. (3 Marks) B) Why does an organization implement ABC analysis in their inventory management? (1 Marks)

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