Can you suggest a system for allocating control time

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Reference no: EM1375261

Q. Alpha Products, Inc. is having a problem trying to control inventory. There is insufficient time to devote all its items equally. Here is a sample of some items stocked, along with the annual usage of each item expressed in dollar volume.

Use an ABC inventory analysis.

ITEM ANNUAL DOLLAR USAGE ITEM ANNUAL DOLLAR USAGE

a $7,000 k $80,000
b 1,000 l 400
c 14,000 m 1,100
d 2,000 n 30,000
e 24,000 o 1,900
f 68,000 p 800
g 17,000 q 90,000
h 900 r 12,000
i 1,700 s 3,000
j 2,300 t 32,000

Can you suggest a system for allocating control time?

2-2. Specify where each time from the list would be placed.

Reference no: EM1375261

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