Alpha Products, Inc., is having a problem trying to control inventory. There is insufi cient time to

Question:

Alpha Products, Inc., is having a problem trying to control inventory. There is insufi cient time to devote to all its items equally. Here is a sample of some items stocked, along with the annual usage of each item expressed in dollar volume.

a. Can you suggest a system for allocating control time?
b. Specify where each item from the list would beplaced.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Operations And Supply Chain Management

ISBN: 287

14th Edition

Authors: F. Robert Jacobs, Richard Chase

See More Books

Question Posted: Apr 09, 2014 08:08 AM

See More Questions

Alpha Corporation is a holding company owned equally by Harry and Rita. They acquired the Alpha stock many years ago when the corporation was formed. Alpha has its money invested almost entirely in...
A sample of an alpha emitter having an activity of 0.18i is stored in a 25.0-mL sealed container at 22C for 245 days. (a) How many alpha particles are formed during this time? (b) Assuming that each...
Keons Limousines Keon has just graduated from college with a business management degree. Through part-time work and trading stocks, he has amassed significant savings which he is considering...
At the end of Year 1, Clayton Company had $7,000 of cash, $8,500 land, $2,500 of liabilities, $4,000 of common stock, and $9,000 of retained earnings. During Year 2, Clayton experienced the following...
Describe the normative leadership theory. Consider a leadership situation you have experienced in which a decision had to be made. Use the appropriate decision tree to determine how far the group...
A key aspect of the concern for the public interest definition of a professional is: a. The level of professional expertise of the professional. b. The fact that there are situations where...
12. Repeat the previous problem, only assuming that defaults are perfectly correlated.
Should Sarah follow Shannon's advice? What if she does and Paul does not back off? What additional levers can she use to influence Paul and make her values understood?
What is innovative technology in business?. Explain the meaning and nature of innovation in business
Your brother has just started a new job as the Controller of an IESBA restricted audit client. You do not serve on the audit engagement. What steps must you take to ensure your independence is not...
In the past, Taylor Industries has used a fixed time period inventory system that involved taking a complete inventory count of all items each month. However, increasing labor costs are forcing...
DAT, Inc., produces digital audiotapes to be used in the consumer audio division. DAT lacks sufficient personnel in its inventory supply section to closely control each item stocked, so it has asked...
Sketch the following curves, indicating all relative extreme points and inflection points. y = -x 3 + 12x - 4
Financial strength can be defined as the capacity to produce enough cash flows and earnings to pay creditors, investors, and other debts, as well as to cover expenses. Even though sales by themselves...
The RMS Titanic was the most technologically advanced liner in the world in the year 1912. At 11:40pm or Sunday, April 14 of that year, the Titanic struck an iceberg and sank in less than three...
1. A management consultant is hired by a manufacturing firm to determine the best site for its next production facility. The consultant has had several meetings with the company's senior executives...
The figure below shows that a pump is used to transfer water from a reservoir at ground level to a storage take that is elevated. The pump is located 10 ft above the water surface of the reservoir...
P6-3 (Algo) Comparing and Contrasting the Effects of Inventory Costing Methods on Financial Statement Elements LO6-2, 6-3 Neverstop Corporation sells item A as part of its product line. Information...
Depreciation Jenner Inc., a graphic arts studio, is considering the purchase of computer equipment and software for a total cost of $18,000. Jenner can pay for the equipment and software over three...
The nitrogen atoms in N2 participate in multiple bonding, whereas those in hydrazine, N2H4, do not. (a) Draw Lewis structures for both molecules. (b) What is the hybridization of the nitrogen atoms...
The senior management of Galbraith Ltd is negotiating a management buyout of the business from the existing shareholders. The most recent financial statements of Galbraith Ltd are as follows: The...
Discuss process batches and transfer batches. How might you determine what the sizes should be?
Define and explain the cause or causes of a moving bottleneck.
Explain how a non-bottleneck can become a bottleneck.
Docs Auto Body has budgeted the costs of the following repair time and parts activities for 2009: Doc's budgets 6,000 hours of repair time in 2009. A profit margin of $7 per labour hour will be added...
QUESTION 28 In a perpetual inventory system, the cost of inventory sold is: Debited to accounts receivable. Debited to cost of goods sold. O Not recorded at the time goods are sold. O Credited to...
The following financial statements and additional information are reported. IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2019 2018 $105,709 69,500 66,800 4,700 246,700 127,eee...

Alpha Products, Inc., is having a problem trying to control inventory. There is insufi cient time to

Question:

ITEM ANNUAL DOLLAR USAGE ITEM ANNUAL DOLLAR USAGE $ 7,000 1,000 14.000 2,000 24,000 68,000 17,000 900 1,700 2,300 $80,000 400 1,100 30,000 1,900 800 90,000 12,000 3,000 32,000 1

Step by Step Answer:

a The obvious choice is ABC analysis b Item number A...View the full answer

Operations And Supply Chain Management

Students also viewed these Management Leadership questions