Question: Task 4 (Inventory Control) Terumo Industries Lid has a large manufacturing facility in Taiwan where the company manufactures majority of their items. In order to

 Task 4 (Inventory Control) Terumo Industries Lid has a large manufacturing

Task 4 (Inventory Control) Terumo Industries Lid has a large manufacturing facility in Taiwan where the company manufactures majority of their items. In order to facilitate a smooth production, the company keeps the needed items in stock. Table Q4 lists the total items the company keeps in stock, with the annual usage and item unit cost. Table Q4 Item Annual Usage Unit Cost (in OMR) P-3340 2,700 0.900 P-8085 1.600 6.600 P-9056 8,000 26.000 P-9661 18 28.750 P-6917 13 1.880.000 P-6354 1,300 2.600 P-4297 8,400 5.200 P-7381 9.400 1.100 P-2741 7.700 6.500 P-6828 14,500 0.675 P-7350 905 27.000 P-5980 13,375 13.000 P-0708 5 32.250 P-3645 1.905 85.000 P-8431 4,700 13.650 a. Categorize the items in the company stock as Class A, B and C based on the 70-20-10 rule. (15 Marks) b. Prepare a Pareto Chart showing the three classes of stock. (5 Marks) [Total Marks: 20]

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 Economics Questions!