Question: There are 6 material items in a stock (table 1). Make ABC/XYZ classifications (table 2) and determine materials for JIT ( Just in Time )

There are 6 material items in a stock (table 1). Make ABC/XYZ classifications (table 2) and determine materials for JIT (Just in Time) programme. Apply the following structure of ABC (cumulated quantity share / cumulated value share: A class 20%/80%, B class 50%/95%, C class 100%/100%. Apply the following classification structure of XYZ with usage deviation around average usage: X class deviation up to 20%, Y usage deviation from 20% to 50%, Z usage deviation above 50%.

There are 6 material items in a stock (table 1).

Table 1. Material Table 2. Material Value share [%] Cumulated value share [%] Cumulated quantity share [%] ABCIXYZ M1 M2 M3 M4 M5 M6 Monthly usage [z] 100 50 300 90 350 110 E 1000 Usage deviation [z] + 25 + 40 + 10 + 30 + 60 + 30 Quantity share [%] 12.0 25.0 8.0 26.0 11.0 18.0 E 100 Materials for JIT: Table 1. Material Table 2. Material Value share [%] Cumulated value share [%] Cumulated quantity share [%] ABCIXYZ M1 M2 M3 M4 M5 M6 Monthly usage [z] 100 50 300 90 350 110 E 1000 Usage deviation [z] + 25 + 40 + 10 + 30 + 60 + 30 Quantity share [%] 12.0 25.0 8.0 26.0 11.0 18.0 E 100 Materials for JIT

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