29 Finn simply does not have time to analyze all the items in his companys inventory. As...
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29 Finn simply does not have time to analyze all the items in his company’s inventory. As a young manager, he has more important things to do. The following is a table of six items in inventory, along with the unit cost and the demand, in units:
IDENTIFICATION CODE UNIT COST DEMAND
(units)
U1 $ 2.00 1,110 V2 $ 5.40 1,110 W3 $ 2.08 961 X4 $74.54 1,104 Y5 $ 5.84 1,200 Z6 $ 1.12 896 Which item(s) should be carefully controlled using a quantitative inventory technique, and what item(s) should not be closely controlled?
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Related Book For
Managerial Decision Modeling With Spreadsheets
ISBN: 9781292024196
3rd Edition
Authors: Barry Render
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