Your company has compiled the following data on the small set of products that comprise the specialty repair parts division. Perform ABC analysis on the data. Which products do you suggest the firm keep the tightest control over?
Homework Answers
We complete the table as shown below:
As seen from the above table, A category items are R11 and U44. These items will have the tightest control
The above table in the form of formulas is shown below for better understanding and reference:
Answer: R11 & U44
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