b) Rearrange the list, using the system that you recommended in a) above.c) Item 12 is critical to continued operations. How would you recommend it be classified? Alpha Products, Inc., is having a problem trying to control inventory. There is insufficient timeto devote to all its items equally. The following is a sample of some items stocked, along withthe annual usage of each item expressed in dollar volume.in Table 3 (below):Table 3.Item Number1234567891011121314151617181920Annual Dollar Usage ($)7,0001,00014,0002,00024,00068,00017,0009001,7002,30080,0004001,10030,0001,90080090,00012,00030032,000a) As an Operations Management specialist, what system would you recommend forallocating control time for this inventory.

Inventory management is the process of overseeing the flow of goods and materials into and out of a…

Answered: b) Rearrange the list, using the system…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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b) Rearrange the list, using the system that you recommended in a) above. c) Item 12 is critical to continued operations. How would you recommend it be classified?