2 please answer both thanks.ABC analysis classifies on-hand inventory into three categories A, B, and C, based upon the:number of units on hand of individual SKUStotal dollar sales of individual SKUSrate of unit turnover (fast moving, slow moving SKUS)unit price of a SKUA retail store has the following cycle counting plan.There are 1000 "A" (high importance) items that must be counted 6 times each per year. There are 1500 "B" (medium importance) items that must be counted 3 times eachper year.There are 2500 "C" (low importance) items that must be counted 2 times per year.Approximately how many counts of B items per day would the stock-taker make? Assume 260 working days in a year, Pick the closest answer from the four optionsprovided below. (Hint: Find total of counts for all item categories first)23O 20O 19O 18

ANSWER : Option : b) Total dollar sales of individual SKUs ABC analysis is based on annual dollar…

Answered: ABC analysis classifies on-hand…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

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Course: Management Informatin Systems 1 This activity demonstrates how to create graphics to enhance the presentation of quantitative data Scenario The sales manager for a small manufacturer is interested in marketing the company's rain coat line in a new area of the country. As a first step to establishing a marketing plan she has asked you to produce some graphs showing the market share of the products sold over the past several years in the region. Analysis After some research, you acquire the approximate sales for each of the competing products presently in the region under consideration (See the data given below). The question now is to show how best to organize the data to take advantage of a graphical analysis. Pie charts give a quick overview of the market share "slices” each competitor presently enjoys. So you decide to use a pie chart to graph the most recent year's sales data for the region. This will give a good indication of just who the market leaders are and how crowded…
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ABC analysis classifies on-hand inventory into three categories A, B, and C, based upon the: number of units on band of inddividual SKUs