y Pioimacnanhal4/348 7:56 PM Quiz: PQ#11-Chapter 12-Inventory Management Time Re
ID: 325971 • Letter: Y
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y Pioimacnanhal4/348 7:56 PM Quiz: PQ#11-Chapter 12-Inventory Management Time Remaining: 00:16:37 Submit Quiz or chip ingredien Lay is This Question: 1 pt 7 of 10 (9 complete) This Quiz: 10 pts possible is the value of M tenance, repair ting supplies) in do plant? L. Houts Plastics Charlotte Inventory Levels Value ica's Best Dollar Volume %Of Dollar Volume Item Code Avg. Inventory (units) (S/unit) 400 300 120 60 60 30 20 1289 2347 2349 2363 2394 2395 6782 3. 50 4.00 2 50 1.50 1.75 1.75 1.15 1 200 37.00 925 much seasoning i eek's time at the in the video? 105 3 24 8 Jetta 23 0 71 8310 9111 1.60 2.00 3.00 0 43 0 56 14 istical model app product demand variable is not kn computed the metrics) an be specified b of a probability ution is referredtem number 2349 should be classified as B 3.243 three questions, consider only items 1289, 2349 and 8210 trom the above table for relative classitication (these are some of the items for which you DEALER > Based on the percentages of dollar volume, item number 1289 shoukd be classified as A s ltem number 8210 should be classified as C of the following nent is NOT true Enter your answer in each of the answer boxes 55 PMExplanation / Answer
Dollar value of 1289 = 400*3.5 = 1400
Dollar value of 2349 = 300
Dollar value of 8210 = 10*1.6 = 16
% contribution to Dollar value of 1289 = 1400/3243*100 = 43%. It will be qualified as 'A' as contribution is very high
1289 & 2347 combined are 80% and thus form part of 'A' class
% contribution to Dollar value of 2349 is 9.25% which will form part of 80% to 95% mark. Hence, it is classified as 'B'
% contribution to Dollar value of 8210 = 16/3243*100 = 0.5%. It will be qualified as 'C' as contribution is very low
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