Question: TASK-2 Unit In a warehouse the Materials manager Mr. Fahad is looking forward to categorize the materials stocked in his warehouse using ABC analysis. He

TASK-2 Unit In a warehouse the Materials manager
TASK-2 Unit In a warehouse the Materials manager
TASK-2 Unit In a warehouse the Materials manager Mr. Fahad is looking forward to categorize the materials stocked in his warehouse using ABC analysis. He decided the criteria that all the materials above 25% of annual consumption value shall be categorized as A-items, the items between 10% to 25% of annual consumption value shall be categorized as B-items and the items below 10% of annual consumption value shall be categorized as C-items. Using the following inventory records you are required to categorized the items and prepare a final report for Mr. Fahad. Item Code Consumption Pricel Annual Consumption %age of Annual Daily A/B/C Yearly Value Consumption Value 20-X-00 30 60 20-X-01 18 15 20-X-02 15 50 20-X-03 10 30 20-X-04 15 8 20-X-05 11 13 20-X-06 30 59 20-X-07 14 60 20-X-08 9 20 20-X-09 13 70 TOTAL Final Report Item Code %age of Annual Consumption Value A/B/C Total %age of items A, items B & items C

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 General Management Questions!