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SwiftMart is a leading retailer in the electronics industry, offering a diverse range of products from smartphones and laptops to home appliances and entertainment
SwiftMart is a leading retailer in the electronics industry, offering a diverse range of products from smartphones and laptops to home appliances and entertainment systems. With a strong focus on customer satisfaction and technological innovation, the company has established itself as a go-to destination for tech enthusiasts and casual consumers alike. SwiftMart's business model revolves around offering the latest products while maintaining competitive pricing and exceptional customer service The company's warehouse serves as the nerve center of its operations. It houses a vast inventory of electronic goods sourced from various manufacturers worldwide. The warehouse employs state-of-the-art technology for inventory management, utilizing barcode systems and automated tracking to ensure efficiency in handling and storage. SwiftMart operates on a dynamic supply chain regularly replenishing its inventory to keep up with market demands and swiftly adapt to the ever-changing trends in the electronics industry. Looking ahead, SwiftMart is exploring innovative technologies such as Al-driven demand forecasting and robotics in warehouse operations to further enhance its inventory management capabilities. The company aims to streamline its logistics processes, ensuring timely deliveries and reducing operational costs while continuously adapting its inventory strategies to match evolving consumer preferences in the dynamic electronics market. Below is provided table with the information about the items in warehouse Product Average Stock in Inventory Items Sold Weekly GadgetGuard Phone Cases Swift Tech Elite Smartphone StellarSound Wireless Headphones GadgetGuard Phone Cases PowerPlus Portable Charger EcoHome Smart 150 Thermostat 60 100 120 40 80 Items Placed in Inventory Weekly 10 20 25 5 30 15 15 25 35 40 10 20 Annual Sales Value, EUR 20 000 150 000 50 000 80 000 10 000 30 000 Tasks: 1. Conduct ABC analysis for the items provided in an example. 2. Calculate the percentage contribution of each product to the total annual sales value. 3. Discuss the implications of managing these categories differently. 4. Suggest the placement strategy in warehouse for these products.
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ANSWER Question 1 Conduct ABC analysis for the items provided in the example ABC analysis is a technique used to categorize items based on their importance and value to the business It helps prioritiz...Get Instant Access to Expert-Tailored Solutions
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