Question: table [ [ Number , Item Number,Catalogue Number, - > Description,Package Qty , Package Cost,Annual Consumption ( pkgs ) , Extended Cost ] ,
tableNumberItem Number,Catalogue Number, Description,Package Qty Package Cost,Annual Consumption pkgsExtended CostBFFBandage, Fabric, Fingertip,BFxBandage, Fabric, times BFxBandage, Fabric, times BFxBandage, Fabric, times BFxBandage, Fabric, times BFxBandage, Fabric, times BFxBandage, Fabric, times BFxBandage, Fabric, times BFxBandage, Fabric, times BFxBandage, Fabric, times BFxBandage, Fabric, times GxGauze, times GxGauze, times GxGauze, times GxGauze, times GxGauze, times GxGauze, times GxGauze, times GxGauze, times GxGauze, times GxGauze, times GxGauze, times GxGauze, xABC Analysis: Explain how you can identify products that should be your priority for managing and ensuring reliable performance.
Thinking back to your time at the College, you recall the power of ABC analysis and the benefits that it can provide to you and your organization. You decide to try the ratio for the initial ranges of these early reports.
Using the product sampling provided in Appendix A generate a report that will help you create an ABC report that can be segmented into the three categories.
Sort the items into descending order based on the total spend per item.
Insert a row between each Category division and insert a Subtotal for each Category.
Insert a Grand Total summary at the end of the report.
Verify the actual percentage values that is the ratio of the Category Subtotal to the Grand Total In the Grand Total area at the foot of the report, record the percentage of each Category beside the Category Subtotal, and verify the percentage total that is tally the three percentages This total may not be exactly but it should be close.
Please note that although the Appendix A sampling consists of more than line items, statistically this is still a small sampling. You will find that your results will not completely match the theory and the percentage divisions that you might expect. That is acceptable.
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