Method inventory control is based on pareto analysis, Business Management

Assignment Help:

QUESTION

(a) Describe how the ABC method/technique of inventory control is based on Pareto analysis

(b) You are part of a team who is carrying out a study on the causes of inventory discrepancies in a Ministry. The team has collected the following information over a period of I2 weeks:

No of incidents

(a) Wrong recording of issues                                                                         6

(b) Wrong recording of receipts from suppliers                                                 2

(c) Over issue of stock                                                                                   26

(d) Under issue of stock                                                                                 8

(e) Error in counting inventory on hand                                                           4

(f) Pilferage                                                                                                  14

You are required to analyse the above information using Pareto analysis

(c) A study was conducted to determine the shrinkage rate of a material over time. 10 kg of the material was used for the test and measurements were taken over a period of 7 weeks. The results are shown below

Week                                                                 Weight (kg)

   1                                                                               9.7

   2                                                                               8.1

   3                                                                               7.4

   4                                                                               5.9

   5                                                                               5.1

   6                                                                               4.2

   7                                                                               3.3

You are required to analyse and comment on this information by using the appropriate quality tool.

(d) Data pertaining to the weight of an item has been collected over a period of 2 weeks as set out below;

Weight (kg)                                                                 no of items

10                                                                                            4

10.2                                                                                         6

10.3                                                                                         8

10.4                                                                                         10

10.5                                                                                         7

10.6                                                                                         5

10.7                                                                                         3

You are required to plot the data using a histogram and to comment thereon. .

 


Related Discussions:- Method inventory control is based on pareto analysis

Distinguish between business function and business process, QUESTION 1 ...

QUESTION 1 Enterprise Resource Planning (ERP) programs are software used by companies to manage information in every area of the business. ERP programs help manage company-wide

#title research methods, #question;how to write a research problem in a cle...

#question;how to write a research problem in a clearly research language?

How does organisational culture develop, Question 1: (a) How does organ...

Question 1: (a) How does organisational culture develop? (b) What are the functions of an organisational culture? (c) What are its drawbacks? Question 2: (a) What are t

Goverment companies, #what is a goverment compony&futures of advantages& di...

#what is a goverment compony&futures of advantages& disadvantages

State the organizational and personal managerial decisions, State the organ...

State the organizational and personal managerial decisions. Organizational and Personal decisions: A manager creates organizational decisions into the capacity of a compa

Write a short note on ethics in retailing, Question 1 Explain logistics ne...

Question 1 Explain logistics networking Question 2 Write a short note on ethics in retailing Question 3 Explain the concept of insurance Question 4 What are the rec

Need assignment help, hi there I have few assignments to be done could u pl...

hi there I have few assignments to be done could u pls help me

Write the importance of edi, Question 1 What are the difficulties and or i...

Question 1 What are the difficulties and or issues of e-Commerce? Explain Question 2 What is Firewall? Explain how it works as a packet filters Question 3 What are the methods

Explain about the preparation and analysis of balance sheet, Explain about ...

Explain about the preparation and analysis of balance sheet. Preparation and Analysis of Balance Sheet: Balance Sheet is one of the significant financial statements of a

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd