Quiz: Quiz 8: Chapter 12 Submit Quiz This Question: 10 pts 3 of 15 (0 complete)

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Quiz: Quiz 8: Chapter 12 Submit Quiz This Question: 10 pts 3 of 15 (0 complete) This Quiz: 70 pts possible L. Houts Plastics is a large manufacturer of injection-molded plastics in North Carolina. An investigation of the company's manufacturing facility in Charlotte yields the information presented in the table below. How would the plant- classify these items according to an ABC classification system? (Round dollar volume to the nearest whole number and percentage of dolar volurme to two decimal places) L. Houts Plastics Charlotte Inventory Levels Value Item Code Avg. Inventory (units) (S/unit 3.25 4.00 2.50 1.80 1.75 2.00 1.15 2.05 2.00 2.00 3.00 Dollar % of Dollar 1289 2347 2349 2363 2394 2395 6782 300 120 60 60 35 20 12 39 44 1,200 300 9.86 3.45 0.76 105 23 25 0.81 8210 8310 9111 0.46 18 3,043 0.59 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) Enter your answer in each of the answer boxes

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Solution :

Item Avg. Inventory Value Annual Spend % of Annual Spend Classification 1289 360 3.3 1170.0 38.45% A 2347 300 4.0 1200.0 39.44% A 2349 120 2.5 300.0 9.86% B 2363 60 1.8 108.0 3.55% B 2394 60 1.8 105.0 3.45% C 2395 35 2.0 70.0 2.30% C 6782 20 1.2 23.0 0.76% C 7844 12 2.1 24.6 0.81% C 8210 5 2.0 10.0 0.33% C 8310 7 2.0 14.0 0.46% C 9111 6 3 18 0.59% C

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