classify these items according to an ABC classification system? (Round dollar volume to the nearest whole number and percentage of dollar volume to two decimal places.) Item 1289 Value Code Inventory (units) ($/unit) Volume 3.25 300 4.00 1,200 120 2.50 300 70 1.30 MIN 60 1.75 105 25 2.25 20 1.15 23 12 2.05 25 5 2.00 2.00 14 3.00 2347 2349 2363 2394 2395 6782 7844 8210 8310 9111 L. Houts Plastics Charlotte Inventory Levels Avg. Dollar ▼ 88284AESTO 380 7 6 18 % of Dollar 3,077 Volume 39.00 9.75 3.41 0 0.75 0.80 0.46 0.59 D For the following three questions, consider only items 1289, 2349, and 8210 from the above table for relative classification (these are some of the items for which you computed the metrics). Based on the percentages of dollar volume, item number 1289 should be classified as Item number 2349 should be classified as Item number 8210 should be classified as
classify these items according to an ABC classification system? (Round dollar volume to the nearest whole number and percentage of dollar volume to two decimal places.) Item 1289 Value Code Inventory (units) ($/unit) Volume 3.25 300 4.00 1,200 120 2.50 300 70 1.30 MIN 60 1.75 105 25 2.25 20 1.15 23 12 2.05 25 5 2.00 2.00 14 3.00 2347 2349 2363 2394 2395 6782 7844 8210 8310 9111 L. Houts Plastics Charlotte Inventory Levels Avg. Dollar ▼ 88284AESTO 380 7 6 18 % of Dollar 3,077 Volume 39.00 9.75 3.41 0 0.75 0.80 0.46 0.59 D For the following three questions, consider only items 1289, 2349, and 8210 from the above table for relative classification (these are some of the items for which you computed the metrics). Based on the percentages of dollar volume, item number 1289 should be classified as Item number 2349 should be classified as Item number 8210 should be classified as
Purchasing and Supply Chain Management
6th Edition
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
ChapterC: Cases
Section: Chapter Questions
Problem 5.1SC: Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing...
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