Question: Walmart categorizes inventory items with annual usage: A (10,000 units, $30/unit), B (20,000 units, $15/unit), C (50,000 units, $5/unit). Requirements: Classify items into ABC categories

  1. Walmart categorizes inventory items with annual usage: A (10,000 units, $30/unit), B (20,000 units, $15/unit), C (50,000 units, $5/unit).
    • Requirements:
      • Classify items into ABC categories based on annual usage value.
      • Calculate the total inventory cost for each category.
      • Prepare an inventory management report.
      • Recommend strategies to optimize inventory levels for each category.

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