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1. Managing Inventory David has compiled the following table of six items in inventory at Angelio Products, along with the unit cost and the
1. Managing Inventory David has compiled the following table of six items in inventory at Angelio Products, along with the unit cost and the annual demand in units: Identification code SS TT UU VV XX Annual Demand (units) 1,200 1,110 896 Unit Cost (RM) 5.84 5.40 1.12 74.54 2.00 YY 2.08 Use ABC analysis to determine which item(s) should be carefully controlled using the quantitative inventory technique and which item(s) should not be closely controlled. Justify your answer. 1,104 1,110 961
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To perform an ABC analysis on the inventory items listed in the table we need to calculate the annual consumption value of each item and then categori...
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Quantitative Analysis For Management
Authors: Barry Render, Ralph M. Stair, Michael E. Hanna
11th Edition
9780132997621, 132149117, 132997622, 978-0132149112
