what do u think about this problem? any idea?

[tultul_gis]

ABC Enterprise has the following 10 items in inventory. The CEO asks you, a recent OM
graduate, to divide these items into ABC classifications.

ITEM ANNUAL
DEMAND COST/UNIT
A2 3000 $50
B8 4000 12
C7 1500 45
D1 6000 10
E9 1000 20
F3 500 500
G2 300 1500
H2 600 20
I5 1750 10
J8 2500 5
(a) Develop an ABC classification system for the 10 items.
(b) The CEO reviews this information and then places item A2 into the A category. Why might
he do this?

 

[Deleted member 4993]

ABC Enterprise has the following 10 items in inventory. The CEO asks you, a recent OM
graduate, to divide these items into ABC classifications.

ITEM       ANNUAL
             DEMAND    COST/UNIT
A2          3000          $50
B8           4000          12
C7          1500          45
D1         6000          10
E9         1000          20
F3          500           500
G2         300         1500
H2         600          20
I5         1750         10
J8         2500           5

(a) Develop an ABC classification system for the 10 items.
(b) The CEO reviews this information and then places item A2 into the A category. Why might
he do this?

Here we go again - not a single line of work - possibly multiple posts......

Do you know the definition of ABC Classification system? Where is it used - accounting, inventory, pay-roll, invoice...??

If you cannot even start by naming the variables - why are you taking this class?

 

[tultul_gis]

are you deshi? u sound like deshi..

its a method of ranking items held in inventory enabling particular attention to be given to those that, if incorrectly managed, will be most damaging to the effectiveness or the efficiency of an operation.

Inventory.

Hope i answered your question..

 

[Khb_taylors]

[quote="tultul_gis":2w1mu6tt]are you deshi? u sound like deshi..

its a method of ranking items held in inventory enabling particular attention to be given to those that, if incorrectly managed, will be most damaging to the effectiveness or the efficiency of an operation.

Inventory.

Hope i answered your question..[/quote:2w1mu6tt]


you are right tultul. its is used in inventory. U should start doing it and show us your calculation.

 

[Denis]

YOU are taking this course, not us.

Please post NO MORE problems without showing your work:
you don't show yours, we don't show ours !

 

[Deleted member 4993]

its a method of ranking items held in inventory enabling particular attention to be given to those that, if incorrectly managed, will be most damaging to the effectiveness or the efficiency of an operation.Inventory.

Hope i answered your question..

That is what Oxford Dictionary says - word for word.

However, I wanted to know - what you "thought"!!