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Oakwood Hospital is considering using ABC analysis to classify laboratory SKUs into three categories: those that will be delivered daily from their supplier (Class A
Oakwood Hospital is considering using ABC analysis to classify laboratory SKUs into three categories: those that will be delivered daily from their supplier (Class A items), those that will be controlled using a continuous review system (B items), and those that will be held in a two bin system (C items).
The following table shows the annual dollar usage for a sample of eight SKUs. Fill in the blanks for annual dollar usage below. (Enter your responses rounded to the nearest whole number.)
SKU | Unit Value | Demand (units) | Annual Dollar Usage |
1 | $0.25 | 50,000 | $enter your response here |
2 | $0.01 | 1,300 | $enter your response here |
3 | $0.03 | 120,000 | $enter your response here |
4 | $0.55 | 100 | $enter your response here |
5 | $0.70 | 300 | $enter your response here |
6 | $4.10 | 900 | $enter your response here |
7 | $1.10 | 30,000 | $enter your response here |
8 | $1.30 | 150 | $enter your response here |
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