Perform an ABC analysis on Jones’ stock. You will also calculatethe EOQ’s for the items.
Instructions:
Now that you’ve assisted Jones Company with their customerdemand forecasts, master schedule, and MRP schedule, it’s time tohelp them get a handle on managing their inventories. You have twoobjectives.
Create an ABC analysis for the following components andrecommend at least three ways Jones should manage the inventory ofthese items based on your analysis.
|
Part Number |
Annual Usage |
|
15A |
40,000 |
|
23A |
86,000 |
|
46B |
120,000 |
|
29C |
55,000 |
|
54C |
250,000 |
|
11D |
67,000 |
|
17E |
15,000 |
|
49F |
68,000 |
|
57F |
140,000 |
|
62G |
77,000 |
2. Calculate EOQs for these items. Ordering costs for the firstfive items are $50 and for the second five items are $70. Carryingcosts for the first seven items are $3
PayPal Gateway not configured
PayPal Gateway not configured