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[Solution Library] Ralph Janaro simply does not have time to analyze all of the items in his company's inventory. As a young manager, he has more important

Question: Ralph Janaro simply does not have time to analyze all of the items in his company's inventory. As a young manager, he has more important things to do. The following is a table of six items in inventory along with the unit cost and the demand in units.

XX1 5.84 1,200
B66 5.40 1,110
3CP0 1.12 896
33CP 74.54 1,104
R2D2 2.00 1,110
RMS 2.08 961
  1. Find the total amount spent on each item during the year. What is the total investment for all of these?
  2. Find the percentage of the total investment in inventory that is spent on each item.
  3. Based on the percentages in part (b), which item(s) would be classified in categories A. B, and using ABC analysis?
  4. Which item(s) should Ralph most carefully control using quantitative techniques?

Price: $2.99
Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document


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