These are the 20 items considered with their costs

Consider a certain business, firm, or factory that hold inventories for several items. Identify at least 20 of those items and collect necessary data for items' ABC classification and to determine optimal inventory policies for at exactly one item from each class. Use the appropriate procedures for quantity computations. Steps and Requirements: 1- (10 points). Identify the business, firm, or factory that you decided to consider and briefly describe its scope of business, its market standing (e.g., local or international, top among competitors, starting business, small, medium, or large business, approximate number of employees/staffs, et...). 2- (10 points). Identify the type of inventories such business hold, whether raw materials, produced good, service consumables, retail items, etc. Then provide a brief description on how this business is currently managing their inventories. 3- (20 points). Identify at least 20 items randomly from the items held by the business/firm/factory you selected and provide for each item provide a record for all the characteristics that are needed for inventory policy computation where you must describe in detail with the appropriate justification on how you estimated the inventory related cost components of the fixed order cost, carrying cost or percentage of the item unit value, kind of shortage cost, etc. Make sure that you have incorporated potential items to be in all three ABC inventory classifications. 4- (10 points). Develop inventory policy for one item found to be in class A and show detailed computation and results. 5- (20 points). Develop inventory policy for three items found to be in class B and show detailed computation and results. 6- (10 points). Develop inventory policy for one item found to be a slow moving item and show detailed computation and results. 7. (20 points) Prepare a typed report that details the deliverables required above and all the steps, constraints, and methods you used. Also, you must provide a printout of the data sheet you created with all your observations for Phase I and Phase II. You will need to submit your report with your electronic datasheet file before or by the deadline where your report must be in a PDF format only. Other formats for the report, especially "word", will be disregarded. Variable Cost (v) Consider a certain business, firm, or factory that hold inventories for several items. Identify at least 20 of those items and collect necessary data for items' ABC classification and to determine optimal inventory policies for at exactly one item from each class. Use the appropriate procedures for quantity computations. Steps and Requirements: 1- (10 points). Identify the business, firm, or factory that you decided to consider and briefly describe its scope of business, its market standing (e.g., local or international, top among competitors, starting business, small, medium, or large business, approximate number of employees/staffs, et...). 2- (10 points). Identify the type of inventories such business hold, whether raw materials, produced good, service consumables, retail items, etc. Then provide a brief description on how this business is currently managing their inventories. 3- (20 points). Identify at least 20 items randomly from the items held by the business/firm/factory you selected and provide for each item provide a record for all the characteristics that are needed for inventory policy computation where you must describe in detail with the appropriate justification on how you estimated the inventory related cost components of the fixed order cost, carrying cost or percentage of the item unit value, kind of shortage cost, etc. Make sure that you have incorporated potential items to be in all three ABC inventory classifications. 4- (10 points). Develop inventory policy for one item found to be in class A and show detailed computation and results. 5- (20 points). Develop inventory policy for three items found to be in class B and show detailed computation and results. 6- (10 points). Develop inventory policy for one item found to be a slow moving item and show detailed computation and results. 7. (20 points) Prepare a typed report that details the deliverables required above and all the steps, constraints, and methods you used. Also, you must provide a printout of the data sheet you created with all your observations for Phase I and Phase II. You will need to submit your report with your electronic datasheet file before or by the deadline where your report must be in a PDF format only. Other formats for the report, especially "word", will be disregarded. Variable Cost (v)