The manager of a traffic and safety company wants to use the ABC classification system to classify

Question:

The manager of a traffic and safety company wants to use the ABC classification system to classify its inventory items. The annual demand and the selling price of each item are listed in the table below.

Develop an ABC classification for these 10 items and explain how the company can use this classification.

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

Step by Step Answer:

Related Book For book-img-for-question

Operations Management Sustainability And Supply Chain Management

ISBN: 9780135173626

13th Edition

Authors: Jay Heizer, Barry Render, Chuck Munson

See More Books

Question Posted: Oct 24, 2022 08:30 AM

See More Questions

The carbon steels listed in the table below were soaked at 1000 C for 1 hour to form austenite and were cooled slowly, under equilibrium conditions to room temperature. Refer to the Fe-Fe3C phase...
The manager of a utility company wants to develop quarterly forecasts of power loads for the next year. The power loads are seasonal, and the data on the quarterly loads in megawatts (MW) for the...
The manager of a division that produces add- on products for the automobile industry has just been presented the opportunity to invest in two independent projects. The first is an air conditioner for...
Alabama Corp.'s taxable income differed from its accounting income for 2023. Accounting income includes an expense of $25,000 under meals and entertainment expense, with $3,000 of that total being...
On the same graph, plot both Kaplan- Meier estimates and 95% confidence intervals for the white and milk chocolate chip melting time data from your class activity. Explain whether or not the two...
Use Simpsons Rule with n = 10 to estimate the arc length of the curve. Compare your answer with the value of the integral produced by a calculator or computer. y = e x 2 , 0 x 2
Amalgamated Skyhooks, Inc., has an order for 200 Model SKY3 Skyhooks for delivery on day 200. The Skyhook consists of three parts. Components B and C form subassembly A. Subassembly A and component D...
1. If you were in Amilya Antonettis place starting Soap Works, what marketing strategy would you use to compete with Procter & Gamble and Clorox? How would you reach your target markets? How and...
Explain properly please Figure 9.20 Coastal upwelling. Wind from north 20 18 16 Oregon- Califomia Ekman transport To the west Thermocline Offshore current Upwelling James Acker, Goddard Space Flight...
On February 11, 20Y9, Quick Fix Company purchased $2,250 of supplies on account. In Quick Fixs chart of accounts, the supplies account is No. 15, and the accounts payable account is No. 21. a....
What is e-procurement?
A company has supplied the following data with respect to its three different types of fertilizers: Calculate (assuming 50 sales weeks annually): a) The inventory turnover and weeks of supply for...
Based on the description and analysis in this chapter, would boeing be better described as a global firm or transnational firm? Discuss.
a ) If F ( x ) = upper limit x and lower limit 8 dt , the F \' ( x ) = ? b ) If F ( x ) = upper limit 1 1 and lower limit x dt , the F \' ( x ) = ? c ) If F ( x ) = upper limit x ^ 6 and lower limit...
Please help me with this one can you do for me 1. the research on quantum dots. Find a resource that you think does the best job of explaining this. and provide short description of what you've...
During Year 1, Ashkar Company ordered a machine on January 1 at an invoice price of $28,000. On the date of delivery, January 2, the company paid $9,000 on the machine, with the balance on credit at...
An airplane has to travel a round trip Manila to Singapore and back (1485 mi apart) in a total time of 7 hours and 10 minutes. The plane from manila to Singapore is flying with a headwind of 70 mph...
Flexible Budget. At normal capacity, Boulder Products Corp. manufactures 10,000 trail bikes. At that level, unit variable costs for the Assembly Department are: Direct...
Graph the function f(x) = sin x/x using a graphing window of [-, ] [0, 2]. a. Sketch a copy of the graph obtained with your graphing device and describe any inaccuracies appearing in the graph. b....
Could a set of three vectors in span all of? Explain. What about n vectors in when n is less than m? R4
Phil Carter, President of Carter Computer Components, Corp. has the option of shipping computer transformers from its Singapore plant via container ship or airfreight. The typical shipment has a...
What are the appropriate ABC groups of inventory items? ABC Analysis Stock Number Annual Percent of Annual S Volume Volume 124 12,500 46.2 9,000 33.3 3,200 11.8 5.8 R26 LO2 M12 1,550 P33 620 2.3 T72...
Set the following problem up in transportation format and solve for the minimum cost plan. Period Feb Mar Apr Demand 70 75 Regular 50 50 Overtime Subcontract 12 12 10 Beginning Inventory10 Costs...
Assume that an investment of $100,000 is expected to grow during the next year by 8% with SD 20%, and that the return is normally distributed. Whats the 5% VaR for the investment? A. $24,898 B....
Simpson Ltd is a small IT company, which has 2 million shares outstanding and a share price of $20 per share. The management of Simpson plans to increase debt and suggests it will generate $3 million...
The following are the information of Chun Equipment Company for Year 2 . ( Hint: Some of the items will not appear on either statement, and ending retained earnings must be calculated. ) Salaries...

The manager of a traffic and safety company wants to use the ABC classification system to classify

Question:

ITEM CODE # PRICE/UNIT (SAR) ANNUAL DEMAND (UNITS) IA510 5,000 IE510 14,000 IE511 15,000 IE518 3,000 IE521 20,000 IE523 1,000 IE534 40,000 XA010 7,000 XA011 2,000 XF010 15,000 450 725 500 75 7.5 100 15 600 800 120

Step by Step Answer:

The ABC classification system is a method of categorizing inventory items based on their importance ...View the full answer

Operations Management Sustainability And Supply Chain Management

Students also viewed these Business questions