Consider that you work at Kroger Grocery store, and that you've been tasked with creating an ABC inventory classification for 6 items. The 6 items, as well as their profit per case and number of cases sold per week, are as follows: Ribeye Steak - $135 in profit per case, 3 cases sold per week Lobster Tail - $245 in profit per case, 3 cases sold per week Pasta - $23 in profit per case, 12 cases sold per week Salt - $3 in profit per case, 2 cases sold per week Napkins - $12 in profit per case, 2 cases sold per week Tomato Sauce - $23 in profit per case, 11 cases sold per week Using total weekly profits, please classify each products into A, B, or C categories. Which items form the boundary of the class A and B items in your classification, and why? Which items form the boundary of the class B and C items in your classification, and why?
Consider that you work at Kroger Grocery store, and that you've been tasked with creating an ABC inventory classification for 6 items. The 6 items, as well as their profit per case and number of cases sold per week, are as follows:
Ribeye Steak - $135 in profit per case, 3 cases sold per week
Lobster Tail - $245 in profit per case, 3 cases sold per week
Pasta - $23 in profit per case, 12 cases sold per week
Salt - $3 in profit per case, 2 cases sold per week
Napkins - $12 in profit per case, 2 cases sold per week
Tomato Sauce - $23 in profit per case, 11 cases sold per week
Using total weekly profits, please classify each products into A, B, or C categories. Which items form the boundary of the class A and B items in your classification, and why? Which items form the boundary of the class B and C items in your classification, and why?
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